Hudson Pacific Properties (HPP) Gets a Hold from Wells Fargo

Wells Fargo analyst Blaine Heck maintained a Hold rating on Hudson Pacific Properties (HPP – Research Report) today and set a price target of $5.00. The company’s shares closed yesterday at $4.72.

Heck covers the Real Estate sector, focusing on stocks such as Terreno Realty, Boston Properties, and Cousins Properties. According to TipRanks, Heck has an average return of -2.2% and a 47.10% success rate on recommended stocks.

Hudson Pacific Properties has an analyst consensus of Moderate Buy, with a price target consensus of $7.75.

Based on Hudson Pacific Properties’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $223.42 million and a GAAP net loss of $94.55 million. In comparison, last year the company earned a revenue of $269.93 million and had a GAAP net loss of $6.65 million

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is neutral on the stock.

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Hudson Pacific Properties (HPP) Company Description:

Hudson Pacific Properties, Inc. is a real estate company. It owns, operates, develops and acquires office, media, and entertainment properties. The company operates through two segments: Office Properties and Studio Properties. The Office Properties segment manages office properties located in California and Pacific Northwest. The Studio Properties segment primarily used for the physical production of media content, such as television programs, feature films, commercials, music videos and photographs. Hudson Pacific Properties was founded by Victor J. Coleman on November 9, 2009 and is headquartered in Los Angeles, CA.