Hudson Pacific Properties (NYSE:HPP) Downgraded to Sell at StockNews.com

Hudson Pacific Properties (NYSE:HPPGet Rating) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Other research analysts have also issued research reports about the company. Wells Fargo & Company decreased their target price on Hudson Pacific Properties to $10.00 in a research report on Wednesday, December 14th. Mizuho lowered their price objective on shares of Hudson Pacific Properties from $12.00 to $10.00 and set an “underperform” rating for the company in a research note on Wednesday, January 4th. BTIG Research downgraded shares of Hudson Pacific Properties from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 19th. Morgan Stanley decreased their price target on shares of Hudson Pacific Properties from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 23rd. Finally, Robert W. Baird upgraded shares of Hudson Pacific Properties from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from $13.00 to $12.00 in a research note on Thursday, January 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Hudson Pacific Properties has an average rating of “Hold” and a consensus target price of $14.64.

Hudson Pacific Properties Stock Performance

Shares of Hudson Pacific Properties stock opened at $10.23 on Friday. The company has a market capitalization of $1.44 billion, a PE ratio of -40.92, a P/E/G ratio of 2.89 and a beta of 1.00. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.40 and a current ratio of 1.40. The company has a 50-day simple moving average of $10.32 and a two-hundred day simple moving average of $11.98. Hudson Pacific Properties has a one year low of $9.10 and a one year high of $28.66.

Hudson Pacific Properties (NYSE:HPPGet Rating) last issued its earnings results on Wednesday, November 2nd. The real estate investment trust reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.63). Hudson Pacific Properties had a negative net margin of 2.79% and a negative return on equity of 0.79%. The firm had revenue of $260.35 million during the quarter, compared to analysts’ expectations of $252.59 million. Research analysts expect that Hudson Pacific Properties will post 2.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Hudson Pacific Properties

Institutional investors and hedge funds have recently bought and sold shares of the stock. Presima Securities ULC boosted its stake in shares of Hudson Pacific Properties by 7.5% during the 4th quarter. Presima Securities ULC now owns 1,271,000 shares of the real estate investment trust’s stock valued at $12,367,000 after buying an additional 88,400 shares during the last quarter. Quent Capital LLC lifted its stake in Hudson Pacific Properties by 14,921.4% during the fourth quarter. Quent Capital LLC now owns 8,412 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 8,356 shares during the last quarter. Rothschild Investment Corp IL lifted its stake in Hudson Pacific Properties by 62.1% during the fourth quarter. Rothschild Investment Corp IL now owns 124,581 shares of the real estate investment trust’s stock worth $1,213,000 after purchasing an additional 47,719 shares during the last quarter. Maryland State Retirement & Pension System bought a new position in Hudson Pacific Properties during the fourth quarter worth $629,000. Finally, Sequoia Financial Advisors LLC bought a new position in Hudson Pacific Properties during the fourth quarter worth $120,000. Hedge funds and other institutional investors own 95.57% of the company’s stock.

Hudson Pacific Properties Company Profile

(Get Rating)

Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling nearly 19 million square feet, including land for development. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more.

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Analyst Recommendations for Hudson Pacific Properties (NYSE:HPP)

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