Robert W. Baird Believes Hudson Pacific Properties (HPP) Won’t Stop Here


In a report released today, Dave Rodgers from Robert W. Baird maintained a Buy rating on Hudson Pacific Properties (NYSE: HPP), with a price target of $37. The company’s shares closed yesterday at $34.86, close to its 52-week high of $36.14.

According to TipRanks.com, Rodgers is a 3-star analyst with an average return of 5.6% and a 67.1% success rate. Rodgers covers the Financial sector, focusing on stocks such as Coresite Realty, SL Green Realty, and Prologis.

Hudson Pacific Properties has an analyst consensus of Moderate Buy, with a price target consensus of $36.

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Based on Hudson Pacific Properties’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $48.74 million. In comparison, last year the company had a net profit of $20.67 million.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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