Hudson Pacific Properties, Inc. (NYSE:HPP) Receives $5.49 Average Price Target from Brokerages

Hudson Pacific Properties, Inc. (NYSE:HPP) has been assigned a consensus recommendation of “Reduce” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $5.29.

HPP has been the subject of several research analyst reports. Wells Fargo & Company dropped their price objective on Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating for the company in a research note on Wednesday, September 11th. Piper Sandler dropped their price target on Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating for the company in a research report on Friday, November 15th. Finally, Jefferies Financial Group decreased their price objective on shares of Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating on the stock in a research report on Thursday.

Hudson Pacific Properties Stock Performance

Hudson Pacific Properties stock opened at $2.90 on Wednesday. Hudson Pacific Properties has a 1-year low of $2.39 and a 1-year high of $9.84. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $409.57 million, a PE ratio of -1.39 and a beta of 1.27. The firm’s 50 day simple moving average is $3.57 and its 200 day simple moving average is $4.50.

Insider Buying and Selling at Hudson Pacific Properties

In other Hudson Pacific Properties news, CEO Victor J. Coleman bought 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was bought at an average price of $2.87 per share, for a total transaction of $143,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 487,451 shares in the company, valued at $1,398,984.37. The trade was a 11.43 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.95% of the company’s stock.

Institutional Investors Weigh In On Hudson Pacific Properties

Several institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. boosted its position in shares of Hudson Pacific Properties by 549.1% during the third quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 5,013 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Hudson Pacific Properties in the third quarter worth $44,000. Stifel Financial Corp bought a new position in shares of Hudson Pacific Properties during the third quarter valued at $48,000. MQS Management LLC bought a new stake in Hudson Pacific Properties in the 3rd quarter worth about $58,000. Finally, Metis Global Partners LLC purchased a new position in Hudson Pacific Properties in the 3rd quarter worth about $66,000. 97.58% of the stock is owned by hedge funds and other institutional investors.

About Hudson Pacific Properties

Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.