Mizuho Reaffirms “Hold” Rating for Hudson Pacific Properties (HPP)

Hudson Pacific Properties (NYSE:HPP)‘s stock had its “hold” rating restated by stock analysts at Mizuho in a note issued to investors on Thursday. They presently have a $32.00 target price on the real estate investment trust’s stock. Mizuho’s target price suggests a potential upside of 0.22% from the stock’s previous close.

A number of other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Sandler O’Neill downgraded shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating and set a $36.00 price objective on the stock. in a research report on Friday, January 12th. Finally, 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. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $37.17.

Shares of Hudson Pacific Properties (HPP) traded down $0.22 during trading hours on Thursday, hitting $31.93. 841,114 shares of the company’s stock were exchanged, compared to its average volume of 804,167. Hudson Pacific Properties has a 52 week low of $31.52 and a 52 week high of $36.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market cap of $5,017.35, a P/E ratio of 77.88, a PEG ratio of 2.67 and a beta of 0.79.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.50 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.50. Hudson Pacific Properties had a net margin of 8.98% and a return on equity of 1.58%. The company had revenue of $190.02 million for the quarter, compared to the consensus estimate of $183.37 million. During the same period in the prior year, the firm posted $0.46 EPS. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. research analysts expect that Hudson Pacific Properties will post 1.96 earnings per share for the current fiscal year.

In related news, EVP Sanford Dale Shimoda sold 2,800 shares of the 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 transaction, the executive vice president now directly owns 83,072 shares of the company’s stock, valued at approximately $2,964,008.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Richard B. Fried sold 17,417 shares of the 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. Company insiders own 0.33% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. grew its position in shares of Hudson Pacific Properties by 1.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 17,932 shares of the real estate investment trust’s stock valued at $613,000 after buying an additional 336 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in Hudson Pacific Properties by 2.1% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 75,904 shares of the real estate investment trust’s stock worth $2,545,000 after purchasing an additional 1,582 shares during the period. Advisors Asset Management Inc. boosted its stake in Hudson Pacific Properties by 27.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 11,489 shares of the real estate investment trust’s stock worth $385,000 after purchasing an additional 2,509 shares during the period. Pacer Advisors Inc. boosted its stake in Hudson Pacific Properties by 11.6% during the 3rd quarter. Pacer Advisors Inc. now owns 28,155 shares of the real estate investment trust’s stock worth $944,000 after purchasing an additional 2,925 shares during the period. Finally, Swiss National Bank boosted its stake in Hudson Pacific Properties by 1.3% during the 3rd quarter. Swiss National Bank now owns 261,050 shares of the real estate investment trust’s stock worth $8,753,000 after purchasing an additional 3,300 shares during the period. 99.48% of the stock is currently owned by hedge funds and other institutional investors.

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Hudson Pacific Properties Company Profile

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.

Analyst Recommendations for Hudson Pacific Properties (NYSE:HPP)

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