2 weeks Ago By Defense World Staff
Hudson Pacific Properties, Inc. ( NYSE:HPP – Get Free Report ) has been given a consensus rating of “Reduce” by the eleven ratings firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company.
The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $6.30. A number of equities analysts have commented on the company.
Scotiabank lowered their price objective on Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research note on Monday, August 26th.
Jefferies Financial Group downgraded Hudson Pacific Properties from a “buy” rating to a “hold” rating and dropped their price target for the company from $5.50 to $5.00 in a research note on Tuesday.
BMO Capital Markets downgraded shares of Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $8.00 to $6.00 in a research note on Thursday, August 8th.
The Goldman Sachs Group decreased their target price on shares of Hudson Pacific Properties from $6.50 to $4.70 and set a “neutral” rating on the stock in a report on Wednesday, August 14th.
Finally, Piper Sandler downgraded shares of Hudson Pacific Properties from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $7.00 to $6.00 in a report on Thursday, August 8th.
Check Out Our Latest Analysis on HPP Hudson Pacific Properties Stock Performance Insider Transactions at Hudson Pacific Properties In related news, Director Jonathan M. Glaser sold 9,287 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $5.
20, for a total value of $48,292.40. Following the transaction, the director now owns 3,713 shares in the company, valued at $19,307.
60. The trade was a 71.44 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, COO Andy Wattula sold 9,356 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $5.
28, for a total value of $49,399.68. Following the sale, the chief operating officer now owns 61,068 shares in the company, valued at approximately $322,439.
04. The trade was a 13.29 % decrease in their position.
The disclosure for this sale can be found here . 2.95% of the stock is owned by company insiders.
Institutional Trading of Hudson Pacific Properties Several large investors have recently made changes to their positions in the company. State Board of Administration of Florida Retirement System increased its position in shares of Hudson Pacific Properties by 225.5% during the first quarter.
State Board of Administration of Florida Retirement System now owns 168,807 shares of the real estate investment trust’s stock worth $1,123,000 after acquiring an additional 116,945 shares in the last quarter. Millennium Management LLC increased its holdings in Hudson Pacific Properties by 282.7% during the second quarter.
Millennium Management LLC now owns 1,786,692 shares of the real estate investment trust’s stock worth $8,594,000 after buying an additional 1,319,869 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in Hudson Pacific Properties by 42.3% in the third quarter.
Wolverine Asset Management LLC now owns 576,373 shares of the real estate investment trust’s stock valued at $2,755,000 after acquiring an additional 171,424 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Hudson Pacific Properties in the third quarter valued at about $1,332,000. Finally, Scion Asset Management LLC bought a new position in shares of Hudson Pacific Properties during the 2nd quarter valued at approximately $5,505,000.
97.58% of the stock is currently owned by institutional investors and hedge funds. Hudson Pacific Properties Company Profile ( Get Free Report 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. Further Reading Five stocks we like better than Hudson Pacific Properties How to Calculate Return on Investment (ROI) 3 GARP Stocks Offering Strong Growth: Aptiv, Allstate, Barrick Low PE Growth Stocks: Unlocking Investment Opportunities Mouse Rising: The Iger Investment Pays Off for Disney Investors Investing in Travel Stocks Benefits Can CAVA Stock Be the Next Chipotle? Earnings Can Help Receive News & Ratings for Hudson Pacific Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson Pacific Properties and related companies with MarketBeat.com's FREE daily email newsletter .
.
