Hudson Pacific Properties (NYSE:HPP) Hits New 12-Month Low at $7.63

Hudson Pacific Properties, Inc. (NYSE:HPP – Get Rating) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $7.63 and last traded at $7.74, with a volume of 459786 shares traded. The stock had previously closed at $7.97.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HPP. Mizuho cut their price target on shares of Hudson Pacific Properties from $12.00 to $10.00 and set an “underperform” rating on the stock in a research note on Wednesday, January 4th. StockNews.com raised shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research note on Friday, February 10th. Robert W. Baird raised shares of Hudson Pacific Properties from a “neutral” rating to an “outperform” rating and cut their price target for the stock from $13.00 to $12.00 in a research note on Thursday, January 5th. Wells Fargo & Company cut their price target on shares of Hudson Pacific Properties to $10.00 in a research note on Wednesday, December 14th. Finally, Morgan Stanley cut their price target on shares of Hudson Pacific Properties from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 23rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $14.64.

Hudson Pacific Properties Stock Performance

The stock’s 50 day moving average price is $9.97 and its 200 day moving average price is $10.73. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 1.40. The firm has a market cap of $1.05 billion, a PE ratio of -19.05 and a beta of 1.11.

Hudson Pacific Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Investors of record on Monday, March 20th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 13.46%. The ex-dividend date of this dividend is Friday, March 17th. Hudson Pacific Properties’s dividend payout ratio (DPR) is -256.40%.

Institutional Investors Weigh In On Hudson Pacific Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pathstone Family Office LLC increased its stake in Hudson Pacific Properties by 110.2% during the 3rd quarter. Pathstone Family Office LLC now owns 72,475 shares of the real estate investment trust’s stock worth $794,000 after buying an additional 37,996 shares during the period. Nordea Investment Management AB increased its stake in Hudson Pacific Properties by 11.5% during the 2nd quarter. Nordea Investment Management AB now owns 382,284 shares of the real estate investment trust’s stock worth $5,612,000 after buying an additional 39,521 shares during the period. California Public Employees Retirement System increased its stake in Hudson Pacific Properties by 18.9% during the 3rd quarter. California Public Employees Retirement System now owns 339,327 shares of the real estate investment trust’s stock worth $3,716,000 after buying an additional 54,005 shares during the period. Rothschild Investment Corp IL purchased a new stake in Hudson Pacific Properties during the 3rd quarter worth $842,000. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its stake in Hudson Pacific Properties by 35.9% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 304,425 shares of the real estate investment trust’s stock worth $4,518,000 after buying an additional 80,349 shares during the period. Hedge funds and other institutional investors own 95.57% of the company’s stock.

Hudson Pacific Properties Company Profile

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Hudson Pacific Properties, Inc is a real estate company, which acquires, repositions, develops, and operates sustainable office and state of-the-art studio properties in high-barrier-to-entry submarkets in California, the Pacific Northwest, Western Canada, and Greater London, United Kingdom. It operates through the Office Properties and Studio Properties segments.