The equity research analysts at Wells Fargo & Company lowered their price objective for Hudson Pacific Properties (NYSE: HPP) from $15.00 to $14.00 in a research note distributed to clients and investors on Tuesday. The letter was distributed to customers as well as investors. At this time, the brokerage business has rated the shares of the real estate investment trust as having an “identical weight,” which indicates that they are equally valuable.
According to the price goal established by Wells Fargo & Company, there is the potential for the stock to increase in value above the 3.47 percent that it is currently trading. In addition, writings from several other research analysts have been found. The Street downgraded its rating for Hudson Pacific Properties, taking it from a “c-” to a “d+” in a research study made accessible to the public on Wednesday, June 22nd. The rating change was announced to the general public. In a report distributed on August 24th, Mizuho
Research assigned an “underperform” rating to the firm and lowered their price objective on Hudson Pacific Properties from $15.00 to $14.00. The announcement that Credit Suisse Group would cover Hudson Pacific Properties was made public on June 22nd as a research note. They determined that the price goal should be established at $16.00 and gave the company an “underperform.” In a study that was made public on June 30th, Jefferies Financial Group lowered their “hold” rating and price objective for Hudson Pacific Properties from $28.00 to $16.00.
The analysis was based on the fact that the price goal had previously been set at $28.00. The Goldman Sachs Group lowered its price objective for Hudson Pacific Properties from $30.00 to $27.00 and assigned the company a “buy” rating in a research report published on Wednesday, May 25th. Two investment gurus have recommended purchasing the stock; seven investment experts have suggested maintaining the position, and three investment professionals have suggested selling the shares. The data from Bloomberg indicates that the company is now receiving an average recommendation of “Hold,” and a price objective of $20.00 has been established for the stock. Trading of common stock in Hudson Pacific Properties was initiated on Tuesday for $13.53, and it continued throughout the day.
The value of the stock’s 50-day moving average is presently resting at $14.74, while the value of the stock’s 200-day moving average is currently at $20.51. A debt-to-equity ratio comes in at 1.26, a quick ratio of 1.91, and a current ratio comes in at 1.91. The company features a variety of qualities, including its market value of $1.92 billion, its PE ratio of -71.21, its P/E/G ratio of 1.51, and its beta value of 0.96. During the prior year and a half, the price of Hudson Pacific Properties fluctuated between a low of $13.25 and a high of $28.66 at various points.
Several transactions involving the acquisition and selling of HPP stock have been carried out between institutional investors and hedge funds. A new Hudson Pacific Properties holding received an investment of approximately $33,000 from Captrust Financial Advisors during the year’s second quarter.
During the second quarter of this year, ExodusPoint Capital Management LP acquired a new position in Hudson Pacific Properties by investing 177,000 dollars. During the second quarter of this year, Walleye Capital LLC made a fresh investment of $884,00 in Hudson Pacific Properties. During the second quarter, Goldman Sachs Group Inc. brought the total amount of Hudson Pacific Properties stock that it owned to a level that was 12.3% higher than before. Goldman Sachs Group Inc. currently has 4,298,007 shares of the real estate investment trust following the purchase of an additional 469,341 shares during the most recent quarter. These shares bring the company’s overall holdings to a total of $63,782,000. And as a final point of discussion, Neo Ivy Capital Management boosted the proportion of Hudson Pacific Properties, in which it invested 185.6% during the second quarter of the fiscal year. As a result of Neo Ivy Capital Management’s purchase of an additional 8,378 shares during the most recent quarter, the firm now has a total of 12,892 shares of the real estate investment trust, which are now worth $191,000.
At present, institutional investors and hedge funds own a total of 97.54% of the firm’s common stock. The total amount of space comprising the portfolio of development buildings, studio space, and office space controlled by Hudson Pacific, a real estate investment business, is close to 19 million square feet. Anchor tenants include corporations from the Fortune 500 as well as rapidly expanding businesses like Netflix, Google, Square, and Uber, amongst others. This article is mostly about the West Coast, which is home to many important places for innovation, journalism, and technology.