Hudson Pacific Properties, Inc. (NYSE:HPP) has received an average recommendation of “Buy” from the ten brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $38.44.

HPP has been the topic of a number of research analyst reports. Zacks Investment Research cut Hudson Pacific Properties from a “buy” rating to a “hold” rating in a research note on Monday, February 27th. Morgan Stanley increased their target price on Hudson Pacific Properties from $38.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, March 1st. Mizuho cut Hudson Pacific Properties from a “buy” rating to a “neutral” rating and set a $35.00 target price on the stock. in a research note on Monday, March 20th. Barclays PLC increased their target price on Hudson Pacific Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, April 19th. Finally, BidaskClub raised Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th.

In other news, CEO Victor J. Coleman sold 58,086 shares of the stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $35.50, for a total transaction of $2,062,053.00. Following the completion of the sale, the chief executive officer now directly owns 936,165 shares in the company, valued at $33,233,857.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Sanford Dale Shimoda sold 5,000 shares of the stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $35.55, for a total transaction of $177,750.00. Following the sale, the executive vice president now owns 93,872 shares of the company’s stock, valued at $3,337,149.60. The disclosure for this sale can be found here. Insiders have sold 169,549 shares of company stock worth $5,981,459 over the last ninety days. Insiders own 13.35% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in Hudson Pacific Properties by 5,818.7% in the first quarter. BlackRock Inc. now owns 12,354,125 shares of the real estate investment trust’s stock worth $427,947,000 after buying an additional 12,145,395 shares in the last quarter. Vanguard Group Inc. raised its stake in Hudson Pacific Properties by 24.8% in the first quarter. Vanguard Group Inc. now owns 24,132,050 shares of the real estate investment trust’s stock worth $835,935,000 after buying an additional 4,791,213 shares in the last quarter. Principal Financial Group Inc. raised its stake in Hudson Pacific Properties by 25,550.9% in the first quarter. Principal Financial Group Inc. now owns 4,708,482 shares of the real estate investment trust’s stock worth $163,102,000 after buying an additional 4,690,126 shares in the last quarter. FMR LLC raised its stake in Hudson Pacific Properties by 74.3% in the fourth quarter. FMR LLC now owns 10,482,000 shares of the real estate investment trust’s stock worth $364,564,000 after buying an additional 4,468,463 shares in the last quarter. Finally, Brookfield Asset Management Inc. raised its stake in Hudson Pacific Properties by 124.0% in the first quarter. Brookfield Asset Management Inc. now owns 4,195,994 shares of the real estate investment trust’s stock worth $145,349,000 after buying an additional 2,323,164 shares in the last quarter.

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Hudson Pacific Properties (NYSE:HPP) opened at 35.27 on Tuesday. The firm’s 50-day moving average price is $33.88 and its 200-day moving average price is $34.69. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 96.90 and a beta of 0.80. Hudson Pacific Properties has a 1-year low of $26.99 and a 1-year high of $36.75.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Thursday, May 4th. The real estate investment trust reported $0.48 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.48. The business had revenue of $168.30 million for the quarter, compared to analysts’ expectations of $173.93 million. Hudson Pacific Properties had a return on equity of 1.40% and a net margin of 8.20%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. Equities research analysts forecast that Hudson Pacific Properties will post $0.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Tuesday, June 20th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, June 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.84%. Hudson Pacific Properties’s dividend payout ratio (DPR) is currently 285.72%.

About Hudson Pacific Properties

Hudson Pacific Properties, Inc is a real estate investment trust (REIT). The Company operates in two segments: office properties, and media and entertainment properties. The Company is focused on acquiring, repositioning, developing and operating office and media and entertainment properties in submarkets throughout Northern and Southern California and the Pacific Northwest.

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