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Analysts at The Goldman Sachs Group have initiated coverage of Hudson Pacific Properties (NYSE:HPP).

According to The Fly, research analysts from Goldman Sachs Group have reportedly begun covering shares of Hudson Pacific Properties (NYSE: HPP) in a research note that was published on Tuesday.

The stock of the real estate investment trust has been recommended to “sell” by the company.”

Recent months have seen several additional equity analysts publish research studies on the stock.

Morgan Stanley lowered their price target on Hudson Pacific Properties from $13.00 to $10.00 and gave the company an “equal weight” rating in a research report published on Wednesday, November 23rd. Research on Hudson Pacific Properties was the topic of a report that StockNews.com put out for public consumption on March 16th.

They decided to maintain their “hold” rating for the company.

Mizuho lowered their price target on Hudson Pacific Properties from $12.00 to $10.00 and gave the company an “underperform” rating in a research report published on Wednesday, January 4th. Wells Fargo & Company lowered their price objective on Hudson Pacific Properties from $10.00 to $7.00.

It gave the company an “equal weight” rating in a research report released on Thursday, March 16th.

In a research note released on Tuesday, Piper Sandler decreased their price target on Hudson Pacific Properties shares from $12.00 to $8.00.

Two research analysts have assigned the stock a rating of “sell,” nine research analysts have assigned the stock a recommendation of “hold,” and one research analyst has assigned the stock a rating of “buy.” According to the data presented by Bloomberg.com, the stock is presently assigned a ” Hold ” recommendation and has an average price target of $13.91.
A share of HPP was $6.29 when trading began on Tuesday.

The company now has a simple moving average for the past 50 days of $9.74, and the simple moving average for the past 200 days is $10.55.

The company has a beta value of 1.11 and a market capitalization of $887.27 million.

The P/E ratio stands at -16.13.

The price of Hudson Pacific Properties has ranged from $6.02 to $28.66 during the past year, with a low of $6.02 and a high of $28.66.

There is a ratio of 1.40 debt to equity, a ratio of 2.21 for current assets, and a ratio of 2.21 for liquid assets.
Recent transactions involving the company’s stock included several hedge funds buying and selling shares. Over the first three months of 2018, HighTower Advisors LLC added 3.4% more shares to its holdings in Hudson Pacific Properties.

After making additional purchases during the time frame in question, HighTower Advisors LLC currently holds a total of 18,542 shares of the REIT, which have a value of $514,000.

The Hudson Pacific Properties stock that Cibc Global Markets Corp.

Possessed increased by 0.9% during the first three months of the year. Cibc Global Markets Corp. currently owns 76,876 shares of the real estate investment trust’s stock, valued at $2,133,000, following the acquisition of 651 additional shares during the time in question.

During the final three months of 2018, Sumitomo Mitsui D.S.

Asset Management Company Ltd boosted the percentage of Hudson Pacific Properties, which holds an ownership investment, by 3.5 percent.

After making 994 additional purchases, Sumitomo Mitsui D.S.

Asset Management Company Ltd now possesses 29,088 shares of the real estate investment trust’s stock, valued at $283,000.

The investment portfolio of Captrust Financial Advisers had a 10.9% increase in the value of Hudson Pacific Properties during the fourth quarter.

After purchasing an additional 1,246 shares during the period, Captrust Financial Advisors has 12,625 shares of the REIT, currently valued at $123,000.

In the final step of this process, AXA SA grew its stake in Hudson Pacific Properties by 1.1% during the third quarter.

AXA S.A. now owns 127,117 shares of the real estate investment trust’s stock, valued at $1,392,000 after the company made a new purchase of 1,440 shares during the period in question.

Institutional investors hold the company’s stock to 95.57% of the total.

The real estate investment trust Hudson Pacific Properties, INC focuses on the acquisition, repositioning, development, and operation of the high-barrier-to-entry office and studio assets in California, the Pacific Northwest, Western Canada, and Greater London, United Kingdom.

The company’s two distinct business divisions comprise office assets and studio properties.

The post Analysts at The Goldman Sachs Group have initiated coverage of Hudson Pacific Properties (NYSE:HPP). appeared first on Best Stocks.



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Analysts at The Goldman Sachs Group have initiated coverage of Hudson Pacific Properties (NYSE:HPP).

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