Today, Hudson Pacific Properties Inc. (HPP) Upgraded to Buy at Mizuho

Today, Hudson Pacific Properties Inc. (HPP) Upgraded to Buy at Mizuho

Hudson Pacific Properties Inc. (NYSE:HPP) was upgraded by research analysts at Mizuho from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday.

A number of other analysts have also recently commented on HPP. Barclays PLC boosted their price objective on Hudson Pacific Properties from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, July 19th. Zacks Investment Research cut Hudson Pacific Properties from a “buy” rating to a “hold” rating in a research report on Thursday, July 21st. DA Davidson boosted their price objective on Hudson Pacific Properties from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Bank of America Corp. restated a “positive” rating on shares of Hudson Pacific Properties in a research report on Thursday, September 22nd. Finally, BTIG Research began coverage on Hudson Pacific Properties in a research report on Thursday, August 25th. They issued a “buy” rating and a $38.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $36.00.

Shares of Hudson Pacific Properties (NYSE:HPP) opened at 34.03 on Monday. Hudson Pacific Properties has a 12-month low of $22.77 and a 12-month high of $34.38. The stock’s market cap is $3.92 billion. The company’s 50-day moving average price is $32.90 and its 200 day moving average price is $31.55.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings data on Thursday, November 3rd. The real estate investment trust reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.02. The business earned $164.60 million during the quarter, compared to analysts’ expectations of $17.50 million. Hudson Pacific Properties had a return on equity of 0.25% and a net margin of 1.51%. On average, equities analysts predict that Hudson Pacific Properties will post $1.77 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in HPP. Bank of Montreal Can raised its position in Hudson Pacific Properties by 0.8% in the third quarter. Bank of Montreal Can now owns 6,733 shares of the real estate investment trust’s stock worth $222,000 after buying an additional 51 shares during the period. Navellier & Associates Inc raised its position in Hudson Pacific Properties by 0.5% in the second quarter. Navellier & Associates Inc now owns 19,498 shares of the real estate investment trust’s stock worth $569,000 after buying an additional 99 shares during the period. Aperio Group LLC raised its position in Hudson Pacific Properties by 2.0% in the third quarter. Aperio Group LLC now owns 7,993 shares of the real estate investment trust’s stock worth $263,000 after buying an additional 154 shares during the period. Synovus Financial Corp raised its position in Hudson Pacific Properties by 0.6% in the second quarter. Synovus Financial Corp now owns 32,049 shares of the real estate investment trust’s stock worth $934,000 after buying an additional 191 shares during the period. Finally, ProShare Advisors LLC raised its position in Hudson Pacific Properties by 5.4% in the second quarter. ProShare Advisors LLC now owns 9,603 shares of the real estate investment trust’s stock worth $280,000 after buying an additional 490 shares during the period. 91.54% of the stock is currently owned by institutional investors.

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