Citigroup started coverage on shares of Hudson Pacific Properties (NYSE:HPP) in a research report report published on Tuesday, Marketbeat reports. The firm issued a buy rating and a $37.00 price target on the real estate investment trust’s stock.
Other research analysts have also recently issued research reports about the stock. Mizuho reaffirmed a hold rating and issued a $32.00 price objective on shares of Hudson Pacific Properties in a report on Thursday, January 25th. Sandler O’Neill cut shares of Hudson Pacific Properties from a buy rating to a hold rating and set a $36.00 price objective for the company. in a report on Friday, January 12th. Goldman Sachs Group cut shares of Hudson Pacific Properties from a buy rating to a neutral rating in a report on Monday, November 20th. Barclays cut their price objective on shares of Hudson Pacific Properties from $42.00 to $39.00 and set an overweight rating for the company in a report on Tuesday, January 30th. Finally, Wells Fargo & Co raised shares of Hudson Pacific Properties from a market perform rating to an outperform rating and set a $40.00 price objective for the company in a report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $36.88.
Hudson Pacific Properties (NYSE:HPP) opened at $31.50 on Tuesday. The stock has a market cap of $4,976.13, a price-to-earnings ratio of 71.59, a P/E/G ratio of 2.75 and a beta of 0.70. Hudson Pacific Properties has a 1 year low of $28.25 and a 1 year high of $36.71. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.62.
Several hedge funds have recently added to or reduced their stakes in HPP. American International Group Inc. purchased a new stake in shares of Hudson Pacific Properties during the fourth quarter worth about $113,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Hudson Pacific Properties during the second quarter worth about $214,000. MANA Advisors LLC purchased a new stake in shares of Hudson Pacific Properties during the fourth quarter worth about $280,000. Creative Planning purchased a new stake in shares of Hudson Pacific Properties during the fourth quarter worth about $317,000. Finally, Royal Bank of Canada increased its stake in shares of Hudson Pacific Properties by 60.7% during the second quarter. Royal Bank of Canada now owns 9,386 shares of the real estate investment trust’s stock worth $321,000 after purchasing an additional 3,544 shares in the last quarter.
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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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