Hudson Pacific Properties Inc (HPP) Given Consensus Recommendation of “Hold” by Analysts

Hudson Pacific Properties Inc (NYSE:HPP) has been assigned a consensus rating of “Hold” from the ten analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $36.17.

HPP has been the subject of several research analyst reports. Citigroup initiated coverage on shares of Hudson Pacific Properties in a research report on Tuesday, February 27th. They issued a “buy” rating and a $37.00 target price for the company. Mizuho reissued a “hold” rating and issued a $32.00 target price on shares of Hudson Pacific Properties in a research report on Thursday, January 25th. Sandler O’Neill reissued a “hold” rating and issued a $33.00 target price on shares of Hudson Pacific Properties in a research report on Friday, February 23rd. Zacks Investment Research raised shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Wells Fargo raised shares of Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and set a $40.00 target price for the company in a research report on Friday, February 23rd.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. American International Group Inc. acquired a new position in shares of Hudson Pacific Properties in the 4th quarter valued at about $113,000. MANA Advisors LLC acquired a new position in shares of Hudson Pacific Properties in the 4th quarter valued at about $280,000. Creative Planning acquired a new position in shares of Hudson Pacific Properties in the 4th quarter valued at about $317,000. Xact Kapitalforvaltning AB acquired a new position in shares of Hudson Pacific Properties in the 4th quarter valued at about $353,000. Finally, Cadence Capital Management LLC acquired a new position in shares of Hudson Pacific Properties in the 3rd quarter valued at about $385,000.

Shares of HPP stock opened at $31.47 on Friday. Hudson Pacific Properties has a one year low of $28.25 and a one year high of $36.14. The stock has a market cap of $5,015.30, a price-to-earnings ratio of 16.17, a P/E/G ratio of 2.72 and a beta of 0.68. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.62.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Thursday, February 15th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The company had revenue of $189.33 million during the quarter, compared to the consensus estimate of $189.63 million. Hudson Pacific Properties had a net margin of 10.14% and a return on equity of 1.81%. The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 EPS. analysts expect that Hudson Pacific Properties will post 1.91 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 19th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Friday, March 16th. Hudson Pacific Properties’s dividend payout ratio (DPR) is presently 227.28%.

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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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