Hudson Pacific Properties (NYSE:HPP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

According to Zacks, “Hudson Pacific Properties, Inc. is a full-service, vertically integrated real estate company focused on owning, operating and acquiring office properties and media and entertainment properties in select growth markets primarily in Northern and Southern California. These markets include Los Angeles, Orange County, San Diego, San Francisco, Silicon Valley and the East Bay. The Company is headquartered in Los Angeles, California. “

Other analysts have also recently issued reports about the stock. Goldman Sachs Group began coverage on shares of Hudson Pacific Properties in a research note on Tuesday, September 19th. They issued a “buy” rating and a $39.00 target price for the company. KeyCorp reaffirmed a “buy” rating on shares of Hudson Pacific Properties in a research note on Tuesday, September 26th. Finally, Sandler O’Neill cut shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a research note on Friday, January 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $37.67.

Shares of Hudson Pacific Properties (NYSE:HPP) traded down $0.36 on Wednesday, hitting $32.10. 929,000 shares of the stock were exchanged, compared to its average volume of 833,508. The stock has a market cap of $5,065.73, a PE ratio of 78.29, a price-to-earnings-growth ratio of 2.65 and a beta of 0.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.32 and a current ratio of 1.32. Hudson Pacific Properties has a fifty-two week low of $31.52 and a fifty-two week high of $36.75.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.50 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. The firm had revenue of $190.02 million during the quarter, compared to analysts’ expectations of $183.37 million. Hudson Pacific Properties had a net margin of 8.98% and a return on equity of 1.58%. Hudson Pacific Properties’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 EPS. equities analysts expect that Hudson Pacific Properties will post 1.96 earnings per share for the current year.

In other news, insider Richard B. Fried sold 17,417 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $34.66, for a total transaction of $603,673.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sanford Dale Shimoda sold 2,800 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $35.68, for a total transaction of $99,904.00. Following the sale, the executive vice president now directly owns 83,072 shares of the company’s stock, valued at $2,964,008.96. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its stake in shares of Hudson Pacific Properties by 9.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,599,938 shares of the real estate investment trust’s stock valued at $53,646,000 after buying an additional 133,990 shares during the period. Honeywell International Inc. grew its stake in shares of Hudson Pacific Properties by 27.8% during the 3rd quarter. Honeywell International Inc. now owns 64,220 shares of the real estate investment trust’s stock valued at $2,153,000 after buying an additional 13,950 shares during the period. State Board of Administration of Florida Retirement System grew its stake in shares of Hudson Pacific Properties by 4.2% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 118,636 shares of the real estate investment trust’s stock valued at $3,978,000 after buying an additional 4,740 shares during the period. Keeley Teton Advisors LLC purchased a new stake in shares of Hudson Pacific Properties during the 3rd quarter valued at $703,000. Finally, Prudential Financial Inc. grew its stake in shares of Hudson Pacific Properties by 21.0% during the 3rd quarter. Prudential Financial Inc. now owns 2,487,091 shares of the real estate investment trust’s stock valued at $83,392,000 after buying an additional 431,834 shares during the period. 99.67% of the stock is owned by institutional investors.

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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.

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