In a report released today, Alexander Goldfarb from Piper Sandler maintained a Buy rating on Hudson Pacific Properties (HPP – Research Report), with a price target of $11.00. The company’s shares closed yesterday at $8.04.
According to TipRanks, Goldfarb is a 4-star analyst with an average return of 2.4% and a 56.64% success rate. Goldfarb covers the Real Estate sector, focusing on stocks such as Brixmor Property, AvalonBay, and Hudson Pacific Properties.
Hudson Pacific Properties has an analyst consensus of Moderate Buy, with a price target consensus of $9.99.
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Based on Hudson Pacific Properties’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $231.44 million and a GAAP net loss of $33.07 million. In comparison, last year the company earned a revenue of $260.35 million and had a GAAP net loss of $12.01 million
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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.
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