BidaskClub lowered shares of Hudson Pacific Properties, Inc. (NYSE:HPP) from a sell rating to a strong sell rating in a report issued on Tuesday.

Separately, Barclays PLC raised their price objective on Hudson Pacific Properties from $39.00 to $40.00 and gave the company an overweight rating in a research note on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. Hudson Pacific Properties has an average rating of Buy and a consensus price target of $38.44.

Hudson Pacific Properties (NYSE HPP) traded up 0.56% on Tuesday, hitting $32.40. The company had a trading volume of 789,948 shares. Hudson Pacific Properties has a 12-month low of $31.53 and a 12-month high of $36.75. The firm has a market capitalization of $4.79 billion, a PE ratio of 89.01 and a beta of 0.76. The firm has a 50-day moving average price of $33.63 and a 200-day moving average price of $34.42.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings data on Thursday, May 4th. The real estate investment trust reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. The business had revenue of $168.30 million for the quarter, compared to analyst estimates of $173.93 million. Hudson Pacific Properties had a return on equity of 1.40% and a net margin of 8.20%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities research analysts anticipate that Hudson Pacific Properties will post $0.32 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “BidaskClub Lowers Hudson Pacific Properties, Inc. (HPP) to Strong Sell” was originally posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/bidaskclub-lowers-hudson-pacific-properties-inc-hpp-to-strong-sell/1461765.html.

The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Tuesday, June 20th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, June 16th. Hudson Pacific Properties’s payout ratio is 285.72%.

In other news, CEO Victor J. Coleman sold 58,086 shares of Hudson Pacific Properties stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $35.50, for a total transaction of $2,062,053.00. Following the sale, the chief executive officer now directly owns 936,165 shares of the company’s stock, valued at $33,233,857.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alex Vouvalides sold 6,500 shares of Hudson Pacific Properties stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $35.16, for a total value of $228,540.00. Following the sale, the insider now directly owns 177,170 shares in the company, valued at $6,229,297.20. The disclosure for this sale can be found here. Insiders have sold 169,549 shares of company stock worth $5,981,459 over the last three months. Insiders own 13.35% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its stake in shares of Hudson Pacific Properties by 8.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,019 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 239 shares during the last quarter. Amalgamated Bank raised its stake in shares of Hudson Pacific Properties by 5.3% in the first quarter. Amalgamated Bank now owns 14,200 shares of the real estate investment trust’s stock worth $492,000 after buying an additional 716 shares during the last quarter. Profund Advisors LLC raised its stake in shares of Hudson Pacific Properties by 10.7% in the first quarter. Profund Advisors LLC now owns 8,933 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 863 shares during the last quarter. Sprott Inc. raised its stake in shares of Hudson Pacific Properties by 11.9% in the second quarter. Sprott Inc. now owns 9,145 shares of the real estate investment trust’s stock worth $313,000 after buying an additional 975 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in shares of Hudson Pacific Properties by 13.2% in the first quarter. Ameritas Investment Partners Inc. now owns 10,281 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 1,200 shares during the last quarter.

Hudson Pacific Properties Company Profile

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)

Receive News & Ratings for Hudson Pacific Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson Pacific Properties Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.