Hudson Pacific Properties Inc (NYSE:HPP) – DA Davidson decreased their FY2020 earnings estimates for shares of Hudson Pacific Properties in a research report issued to clients and investors on Monday, February 3rd. DA Davidson analyst B. Oxford now expects that the real estate investment trust will earn $2.18 per share for the year, down from their prior forecast of $2.22.
Several other analysts have also recently weighed in on HPP. ValuEngine raised Hudson Pacific Properties from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. BTIG Research set a $40.00 price objective on Hudson Pacific Properties and gave the stock a “buy” rating in a report on Friday, October 18th. Goldman Sachs Group assumed coverage on Hudson Pacific Properties in a report on Friday, November 8th. They set a “buy” rating and a $41.00 price objective for the company. Mizuho assumed coverage on Hudson Pacific Properties in a report on Monday. They set a “buy” rating and a $42.00 price objective for the company. Finally, Morgan Stanley boosted their price objective on Hudson Pacific Properties from $34.00 to $39.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. Hudson Pacific Properties currently has an average rating of “Buy” and an average target price of $40.57.
Shares of NYSE HPP opened at $37.25 on Wednesday. The firm’s 50-day simple moving average is $36.70 and its 200 day simple moving average is $35.03. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 133.04, a price-to-earnings-growth ratio of 2.55 and a beta of 0.71. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.86. Hudson Pacific Properties has a 12-month low of $32.08 and a 12-month high of $37.90.
Several hedge funds have recently made changes to their positions in the company. Colony Capital Inc. bought a new stake in shares of Hudson Pacific Properties in the 4th quarter valued at about $3,201,000. Sei Investments Co. increased its stake in shares of Hudson Pacific Properties by 21.9% in the 4th quarter. Sei Investments Co. now owns 436,918 shares of the real estate investment trust’s stock valued at $16,444,000 after acquiring an additional 78,401 shares during the last quarter. Swiss National Bank increased its stake in shares of Hudson Pacific Properties by 1.8% in the 4th quarter. Swiss National Bank now owns 295,550 shares of the real estate investment trust’s stock valued at $11,127,000 after acquiring an additional 5,100 shares during the last quarter. American International Group Inc. increased its stake in shares of Hudson Pacific Properties by 162.7% in the 4th quarter. American International Group Inc. now owns 6,463 shares of the real estate investment trust’s stock valued at $243,000 after acquiring an additional 4,003 shares during the last quarter. Finally, HGI Capital Management LLC increased its stake in shares of Hudson Pacific Properties by 172.7% in the 4th quarter. HGI Capital Management LLC now owns 168,270 shares of the real estate investment trust’s stock valued at $6,335,000 after acquiring an additional 106,560 shares during the last quarter.
About Hudson Pacific Properties
Hudson Pacific Properties is a visionary real estate investment trust that owns and operates more than 17 million square feet of marquee office and studio properties. 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.