Barclays Believes Hudson Pacific Properties (HPP) Still Has Room to Grow

In a report released yesterday, Ross L Smotrich from Barclays maintained a Buy rating on Hudson Pacific Properties (HPP), with a price target of $39. The company’s shares closed yesterday at $35, close to its 52-week high of $36.06.

According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 7.1% and a 67.5% success rate. Smotrich covers the Financial sector, focusing on stocks such as Essential Properties Realty Trust Inc, Pennsylvania Real Estate Investment, and Apartment Investment & Management.

Hudson Pacific Properties has an analyst consensus of Strong Buy, with a price target consensus of $39.

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Based on Hudson Pacific Properties’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $16.1 million. In comparison, last year the company had a net profit of $48.74 million.

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Hudson Pacific Properties, Inc. is areal estate company. It owns, operates, develops and acquires office, media, and entertainment properties. The company operates through two segments: Office Properties and Media & Entertainment Properties. The Office Properties segment manages office properties located in California and Pacific Northwest.