Hudson Pacific Properties, Inc. (NYSE:HPP) had its price target decreased by Morgan Stanley from $38.00 to $36.00 in a report published on Friday. Morgan Stanley currently has an overweight rating on the real estate investment trust’s stock.

A number of other equities analysts also recently weighed in on the stock. BidaskClub downgraded shares of Hudson Pacific Properties from a hold rating to a sell rating in a research note on Saturday, July 8th. Barclays PLC boosted their target price on shares of Hudson Pacific Properties from $40.00 to $41.00 and gave the stock an overweight rating in a research note on Tuesday, August 15th. Finally, KeyCorp reaffirmed a buy rating and issued a $39.00 target price on shares of Hudson Pacific Properties in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $38.31.

Shares of Hudson Pacific Properties (NYSE:HPP) traded down 0.45% during midday trading on Friday, hitting $32.85. 852,371 shares of the company’s stock traded hands. Hudson Pacific Properties has a 1-year low of $31.53 and a 1-year high of $36.75. The company has a 50 day moving average price of $32.51 and a 200 day moving average price of $33.92. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 93.32 and a beta of 0.76.

Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. Hudson Pacific Properties had a net margin of 7.87% and a return on equity of 1.37%. The company had revenue of $166.85 million during the quarter, compared to the consensus estimate of $175.79 million. During the same period in the previous year, the firm posted $0.43 earnings per share. The company’s revenue was up 15.5% on a year-over-year basis. Equities analysts anticipate that Hudson Pacific Properties will post $0.34 earnings per share for the current year.

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In related news, CEO Victor J. Coleman sold 58,086 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $35.50, for a total transaction of $2,062,053.00. Following the completion of the sale, the chief executive officer now directly owns 936,165 shares of the company’s stock, valued at $33,233,857.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark T. Lammas sold 65,963 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $35.51, for a total transaction of $2,342,346.13. Following the sale, the chief financial officer now directly owns 321,780 shares of the company’s stock, valued at $11,426,407.80. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 25,000 shares of company stock valued at $797,600 and have sold 169,549 shares valued at $5,981,459. Insiders own 13.35% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Hudson Pacific Properties by 24.8% in the first quarter. Vanguard Group Inc. now owns 24,132,050 shares of the real estate investment trust’s stock worth $835,935,000 after buying an additional 4,791,213 shares during the period. FMR LLC increased its stake in Hudson Pacific Properties by 18.4% in the first quarter. FMR LLC now owns 12,413,747 shares of the real estate investment trust’s stock worth $430,013,000 after buying an additional 1,931,747 shares during the period. BlackRock Inc. increased its stake in Hudson Pacific Properties by 5,818.7% in the first quarter. BlackRock Inc. now owns 12,354,125 shares of the real estate investment trust’s stock worth $427,947,000 after buying an additional 12,145,395 shares during the period. Cbre Clarion Securities LLC increased its stake in Hudson Pacific Properties by 14.1% in the second quarter. Cbre Clarion Securities LLC now owns 5,416,970 shares of the real estate investment trust’s stock worth $185,206,000 after buying an additional 668,985 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Hudson Pacific Properties by 14.5% in the second quarter. Principal Financial Group Inc. now owns 5,391,742 shares of the real estate investment trust’s stock worth $184,344,000 after buying an additional 683,260 shares during the period.

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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