Scotiabank Has Lowered Expectations for Hudson Pacific Properties (NYSE:HPP) Stock Price

Hudson Pacific Properties (NYSE:HPP) had its target price cut by stock analysts at Scotiabank from $4.00 to $3.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price points to a potential upside of 2.56% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Piper Sandler reduced their price objective on shares of Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating for the company in a research note on Friday, November 15th. Mizuho lowered their price objective on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Finally, Jefferies Financial Group decreased their target price on Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating for the company in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.80.

Hudson Pacific Properties Stock Up 4.8 %

Shares of NYSE HPP traded up $0.14 during mid-day trading on Tuesday, reaching $2.93. The company had a trading volume of 2,194,621 shares, compared to its average volume of 2,705,120. The stock has a market capitalization of $413.10 million, a PE ratio of -1.40 and a beta of 1.30. The stock’s 50 day moving average is $2.99 and its 200-day moving average is $4.00. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. Hudson Pacific Properties has a twelve month low of $2.39 and a twelve month high of $7.20.

Insider Buying and Selling at Hudson Pacific Properties

In other news, CEO Victor J. Coleman purchased 50,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased at an average cost of $2.87 per share, for a total transaction of $143,500.00. Following the completion of the purchase, the chief executive officer now directly owns 487,451 shares of the company’s stock, valued at approximately $1,398,984.37. The trade was a 11.43 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.95% of the company’s stock.

Institutional Trading of Hudson Pacific Properties

A number of institutional investors and hedge funds have recently modified their holdings of the company. GeoWealth Management LLC acquired a new stake in Hudson Pacific Properties during the fourth quarter valued at approximately $27,000. Blue Trust Inc. boosted its stake in Hudson Pacific Properties by 549.1% in the third quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 5,013 shares in the last quarter. Xponance Inc. bought a new stake in Hudson Pacific Properties during the 4th quarter worth about $30,000. Opinicus Capital Inc. acquired a new stake in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $32,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Hudson Pacific Properties in the 4th quarter valued at $39,000. 97.58% of the stock is currently owned by institutional investors.

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.