Hudson Pacific Properties Hits New 1-Year High at $26.78 (HPP)
Hudson Pacific Properties (NYSE:HPP) shares hit a new 52-week high during mid-day trading on Monday , Stock Ratings News reports. The stock traded as high as $26.78 and last traded at $26.66, with a volume of 79,782 shares changing hands. The stock had previously closed at $26.40.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Hudson Pacific Properties from $26.00 to $28.00 in a research note on Monday, July 21st. They now have an “overweight” rating on the stock. Analysts at KeyCorp upgraded shares of Hudson Pacific Properties from a “hold” rating to a “buy” rating in a research note on Thursday, June 19th. They now have a $28.00 price target on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $26.00.
The stock has a 50-day moving average of $25.70 and a 200-day moving average of $23.70. The company’s market cap is $1.765 billion.
Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.02. Analysts expect that Hudson Pacific Properties will post $1.11 EPS for the current fiscal year.
Hudson Pacific Properties, Inc is a full-service, vertically integrated real estate investment trust (NYSE:HPP) focused on owning, operating and acquiring high-quality office properties in select growth markets primarily in Northern and Southern California.
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