Hudson Pacific Properties Inc (NYSE:HPP) was downgraded by stock analysts at Mizuho from a “buy” rating to a “neutral” rating in a report issued on Monday. They currently have a $35.00 price target on the real estate investment trust’s stock. Mizuho’s target price would indicate a potential upside of 0.34% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Hudson Pacific Properties from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Tuesday, February 28th. Barclays PLC reissued an “overweight” rating and issued a $38.00 price objective (down from $39.00) on shares of Hudson Pacific Properties in a research note on Monday, January 23rd. Morgan Stanley boosted their price objective on shares of Hudson Pacific Properties from $38.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, March 1st. BTIG Research reissued a “buy” rating and issued a $40.00 price objective (up from $39.00) on shares of Hudson Pacific Properties in a research note on Saturday, January 7th. Finally, Wells Fargo & Co reissued a “hold” rating and issued a $34.50 price objective on shares of Hudson Pacific Properties in a research note on Thursday, December 1st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Hudson Pacific Properties currently has a consensus rating of “Buy” and an average target price of $37.25.

Analyst Recommendations for Hudson Pacific Properties (NYSE:HPP)

Hudson Pacific Properties (NYSE:HPP) traded down 1.05% during trading on Monday, hitting $34.88. 1,892,794 shares of the stock traded hands. The stock has a market cap of $4.73 billion, a P/E ratio of 138.96 and a beta of 0.67. The company’s 50 day moving average price is $35.28 and its 200-day moving average price is $34.07. Hudson Pacific Properties has a 52-week low of $26.79 and a 52-week high of $36.75.

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Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Thursday, February 16th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $167.20 million for the quarter, compared to analysts’ expectations of $165.68 million. Hudson Pacific Properties had a net margin of 1.51% and a return on equity of 0.25%. Hudson Pacific Properties’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. Equities research analysts forecast that Hudson Pacific Properties will post $0.26 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Monday, March 20th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, March 16th. This is a boost from Hudson Pacific Properties’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.87%. Hudson Pacific Properties’s dividend payout ratio is -7,992.01%.

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In related news, Director Jonathan M. Glaser purchased 10,000 shares of the stock in a transaction dated Tuesday, March 14th. The shares were acquired at an average cost of $33.58 per share, with a total value of $335,800.00. Following the purchase, the director now directly owns 127,772 shares in the company, valued at approximately $4,290,583.76. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Real Estate Partner Blackstone sold 8,626,311 shares of the company’s stock in a transaction on Tuesday, January 10th. The stock was sold at an average price of $35.00, for a total transaction of $301,920,885.00. The disclosure for this sale can be found here. Corporate insiders own 13.35% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in Hudson Pacific Properties by 8.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,019 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 239 shares during the period. Victory Capital Management Inc. bought a new position in Hudson Pacific Properties during the third quarter worth $116,000. Harvest Fund Management Co. Ltd bought a new position in Hudson Pacific Properties during the fourth quarter worth $146,000. BlackRock Japan Co. Ltd boosted its position in Hudson Pacific Properties by 16.7% in the third quarter. BlackRock Japan Co. Ltd now owns 5,188 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 744 shares during the period. Finally, Strategic Investment Management LLC bought a new position in Hudson Pacific Properties during the fourth quarter worth $211,000. 90.69% of the stock is currently owned by institutional investors and hedge funds.

About Hudson Pacific Properties

Hudson Pacific Properties, Inc is a full-service, vertically integrated real estate investment trust (REIT). The Company is focused on owning, operating and acquiring office, and media and entertainment properties in select growth markets primarily in Northern and Southern California, and the Pacific Northwest.

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