Hudson Pacific Properties (NYSE:HPP) Has Just Been Upgraded by Morgan Stanley to a Overweight Rating


Hudson Pacific Properties (NYSE:HPP) Stock Upgrade

Shares of Hudson Pacific Properties (NYSE:HPP) were lifted to a solid Overweight rating thanks to expert analysts at Morgan Stanley, who now give it a price target of $34.00. The firm’s previous Equal-weight rating has been canceled.

From a total of 9 analysts covering Hudson Pacific Properties (NYSE:HPP) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 70% of the ratings are positive. The highest target price is $40 while the lowest target price is $30. The mean of all analyst targets is $35.22 with a 7.93% above today’s ($27.61) stock price. Hudson Pacific Properties was the topic of 7 analyst reports since August 10, 2015 according to the firm StockzIntelligence Inc. UBS initiated shares on November 2 with “Buy” rating. Zacks upgraded HPP stock in a recent report from August 10 to “Hold” rating.

The stock closed the day at $27.61 during the previous session. It is down 8.73% since May 1, 2015 and is downtrending. It has underperformed by 5.95% the S&P500.

Hudson Pacific Properties, Inc. is a real estate investment trust . The company has a market cap of $2.47 billion. The Firm is a real estate firm focused on owning, operating and acquiring office properties and media and entertainment properties in markets in Northern and Southern California and the Pacific Northwest. It currently has negative earnings. The Company’s portfolio includes office properties, comprising approximately 5.9 million square feet, and media and entertainment properties, comprising approximately 0.9 million square feet of sound-stage, office and supporting production facilities.

According to Zacks Investment Research, “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.” Get a free copy of the Zacks research report on Hudson Pacific Properties Inc (HPP).