Hudson Pacific Properties, Inc. (NYSE:HPP – Get Free Report) has earned an average recommendation of “Hold” from the ten research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $8.49.
A number of equities research analysts have recently weighed in on the company. Wolfe Research upgraded Hudson Pacific Properties from a “peer perform” rating to an “outperform” rating and set a $8.40 price objective on the stock in a research report on Monday, March 18th. Wedbush lowered Hudson Pacific Properties from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $11.00 to $7.50 in a research report on Tuesday, February 20th. The Goldman Sachs Group lowered their target price on Hudson Pacific Properties from $9.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, May 7th. Morgan Stanley lowered their target price on Hudson Pacific Properties from $7.00 to $6.00 and set an “equal weight” rating for the company in a research note on Thursday, March 28th. Finally, Piper Sandler reiterated an “overweight” rating and set a $7.00 price objective (down previously from $9.00) on shares of Hudson Pacific Properties in a research note on Friday, May 3rd.
Read Our Latest Analysis on HPP
Institutional Trading of Hudson Pacific Properties
Hudson Pacific Properties Stock Performance
NYSE:HPP opened at $4.88 on Tuesday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.38. The stock has a market cap of $688.11 million, a P/E ratio of -3.05, a PEG ratio of 0.64 and a beta of 1.31. The business’s 50-day moving average price is $5.91 and its two-hundred day moving average price is $6.89. Hudson Pacific Properties has a twelve month low of $4.05 and a twelve month high of $9.85.
Hudson Pacific Properties (NYSE:HPP – Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.53). Hudson Pacific Properties had a negative return on equity of 6.91% and a negative net margin of 23.48%. The company had revenue of $214.02 million for the quarter, compared to the consensus estimate of $220.61 million. As a group, equities analysts predict that Hudson Pacific Properties will post 0.9 EPS for the current fiscal year.
Hudson Pacific Properties Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Monday, June 17th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Monday, June 17th. Hudson Pacific Properties’s payout ratio is currently -12.50%.
Hudson Pacific Properties Company Profile
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.
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