Hudson Pacific Properties’ (HPP) “Buy” Rating Reiterated at Barclays

Hudson Pacific Properties (NYSE:HPP)‘s stock had its “buy” rating restated by investment analysts at Barclays in a research report issued to clients and investors on Tuesday. They presently have a $38.00 target price on the real estate investment trust’s stock. Barclays’ price target suggests a potential upside of 19.27% from the stock’s previous close.

A number of other research analysts also recently issued reports on HPP. Sandler O’Neill downgraded Hudson Pacific Properties from a “buy” rating to a “hold” rating and set a $36.00 price target on the stock. in a report on Friday, January 12th. Zacks Investment Research downgraded Hudson Pacific Properties from a “hold” rating to a “sell” rating in a report on Wednesday, January 17th. Citigroup started coverage on Hudson Pacific Properties in a report on Tuesday, February 27th. They issued a “buy” rating and a $37.00 price target on the stock. Mizuho reiterated a “hold” rating and issued a $32.00 price target on shares of Hudson Pacific Properties in a report on Thursday, January 25th. Finally, Wells Fargo upgraded Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a report on Friday, February 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $36.75.

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HPP traded up $0.37 during trading on Tuesday, hitting $31.86. 507,855 shares of the stock were exchanged, compared to its average volume of 1,038,779. The company has a market capitalization of $4,900.92, a P/E ratio of 16.03, a PEG ratio of 2.65 and a beta of 0.67. Hudson Pacific Properties has a 1 year low of $28.25 and a 1 year high of $36.14. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.62.

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

Several large investors have recently made changes to their positions in HPP. Cornerstone Capital Management Holdings LLC. grew its stake in Hudson Pacific Properties by 2.1% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 75,904 shares of the real estate investment trust’s stock worth $2,545,000 after buying an additional 1,582 shares during the last quarter. Amalgamated Bank grew its stake in Hudson Pacific Properties by 6.2% during the 4th quarter. Amalgamated Bank now owns 30,114 shares of the real estate investment trust’s stock worth $1,031,000 after buying an additional 1,768 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Hudson Pacific Properties by 3.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,329 shares of the real estate investment trust’s stock worth $1,621,000 after buying an additional 1,780 shares during the last quarter. Eagle Asset Management Inc. grew its stake in Hudson Pacific Properties by 1.2% during the 4th quarter. Eagle Asset Management Inc. now owns 162,442 shares of the real estate investment trust’s stock worth $5,413,000 after buying an additional 1,960 shares during the last quarter. Finally, Aperio Group LLC grew its stake in Hudson Pacific Properties by 20.1% during the 4th quarter. Aperio Group LLC now owns 12,277 shares of the real estate investment trust’s stock worth $420,000 after buying an additional 2,053 shares during the last quarter.

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About Hudson Pacific Properties

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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