Hudson Pacific Properties, Inc. (NYSE:HPP) has earned a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $38.00.
A number of brokerages have recently issued reports on HPP. Goldman Sachs Group downgraded shares of Hudson Pacific Properties from a “buy” rating to a “neutral” rating in a research report on Monday, November 20th. Zacks Investment Research upgraded shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. BidaskClub upgraded shares of Hudson Pacific Properties from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. Morgan Stanley dropped their price target on shares of Hudson Pacific Properties from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, September 1st. Finally, KeyCorp restated a “buy” rating on shares of Hudson Pacific Properties in a research report on Tuesday, September 26th.
Hudson Pacific Properties (NYSE HPP) opened at $34.52 on Thursday. The stock has a market cap of $5,407.51, a P/E ratio of 18.05, a PEG ratio of 2.92 and a beta of 0.78. Hudson Pacific Properties has a 1 year low of $31.52 and a 1 year high of $36.75. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.32 and a quick ratio of 1.32.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Monday, December 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.90%. Hudson Pacific Properties’s dividend payout ratio is currently 243.90%.
In other news, EVP Sanford Dale Shimoda sold 2,800 shares of Hudson Pacific Properties stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $35.68, for a total value of $99,904.00. Following the completion of the sale, the executive vice president now owns 83,072 shares in the company, valued at approximately $2,964,008.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard B. Fried sold 17,417 shares of Hudson Pacific Properties stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $34.66, for a total transaction of $603,673.22. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.
A number of hedge funds have recently made changes to their positions in HPP. Public Employees Retirement Association of Colorado bought a new stake in Hudson Pacific Properties during the 2nd quarter valued at $168,000. Dynamic Technology Lab Private Ltd bought a new stake in Hudson Pacific Properties during the 2nd quarter valued at $214,000. Advisors Asset Management Inc. increased its stake in Hudson Pacific Properties by 33.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 8,980 shares of the real estate investment trust’s stock valued at $307,000 after purchasing an additional 2,238 shares in the last quarter. Ramsey Quantitative Systems bought a new stake in Hudson Pacific Properties during the 2nd quarter valued at $310,000. Finally, Royal Bank of Canada increased its stake in Hudson Pacific Properties by 60.7% during the 2nd quarter. Royal Bank of Canada now owns 9,386 shares of the real estate investment trust’s stock valued at $321,000 after purchasing an additional 3,544 shares in the last quarter. Institutional investors and hedge funds own 99.66% of the company’s stock.
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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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