StockNews.com Begins Coverage on Hudson Pacific Properties (NYSE:HPP)

StockNews.com initiated coverage on shares of Hudson Pacific Properties (NYSE:HPP – Get Rating) in a research note issued to investors on Thursday. The firm issued a hold rating on the real estate investment trust’s stock.

Several other analysts have also issued reports on the stock. Morgan Stanley decreased their price target on shares of Hudson Pacific Properties from $13.00 to $10.00 and set an equal weight rating on the stock in a research report on Wednesday, November 23rd. Mizuho reduced their price objective on shares of Hudson Pacific Properties from $12.00 to $10.00 and set an underperform rating for the company in a report on Wednesday, January 4th. Robert W. Baird raised shares of Hudson Pacific Properties from a neutral rating to an outperform rating and reduced their price objective for the stock from $13.00 to $12.00 in a report on Thursday, January 5th. Finally, Wells Fargo & Company reduced their price objective on shares of Hudson Pacific Properties to $10.00 in a report on Wednesday, December 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $14.36.

Hudson Pacific Properties Stock Down 7.5 %

NYSE HPP opened at $6.18 on Thursday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.21 and a current ratio of 2.21. The company’s fifty day moving average is $9.81 and its two-hundred day moving average is $10.61. Hudson Pacific Properties has a 52-week low of $6.02 and a 52-week high of $28.66.

Hudson Pacific Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Monday, March 20th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 16.18%. The ex-dividend date is Friday, March 17th. Hudson Pacific Properties’s dividend payout ratio is -256.40%.

Institutional Investors Weigh In On Hudson Pacific Properties

Institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. grew its holdings in Hudson Pacific Properties by 36.1% during the fourth quarter. Victory Capital Management Inc. now owns 1,930,097 shares of the real estate investment trust’s stock valued at $18,780,000 after purchasing an additional 511,459 shares during the period. Point72 Middle East FZE bought a new position in Hudson Pacific Properties in the fourth quarter valued at approximately $48,000. Captrust Financial Advisors lifted its position in shares of Hudson Pacific Properties by 10.9% in the fourth quarter. Captrust Financial Advisors now owns 12,625 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 1,246 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Hudson Pacific Properties by 112.4% in the fourth quarter. Jane Street Group LLC now owns 155,106 shares of the real estate investment trust’s stock worth $1,509,000 after purchasing an additional 82,064 shares in the last quarter. Finally, Vestcor Inc bought a new stake in shares of Hudson Pacific Properties in the fourth quarter worth $279,000. Institutional investors and hedge funds own 95.57% of the company’s stock.

Hudson Pacific Properties Company Profile

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Hudson Pacific Properties, Inc is a real estate company, which acquires, repositions, develops, and operates sustainable office and state of-the-art studio properties in high-barrier-to-entry submarkets in California, the Pacific Northwest, Western Canada, and Greater London, United Kingdom. It operates through the Office Properties and Studio Properties segments.