Mizuho Maintains Underperforming Rating for Hudson Pacific Properties: Here’s What You Need to Know

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Mizuho decided to maintain its underperforming rating for Hudson Pacific Properties PPH and lower its price target from $24.00 to $15.00.

Shares of Hudson Pacific Properties are trading down 1.83% in the past 24 hours, at $15.32 per share.

A move to $15.00 would represent a 2.12% decline from the current stock price.

About Hudson Pacific Properties

Hudson Pacific Properties Inc is a real estate investment trust that acquires, operates and owns office properties and media and entertainment properties, such as sound stages, on the West Coast of the United States. The Company is focused on the developed urban markets of Northern California, Southern California and the Pacific Northwest. In terms of total square footage, the vast majority of Hudson Pacific’s real estate portfolio is comprised of office properties located in the Greater Seattle, San Francisco and Los Angeles areas. The company derives the majority of its income in the form of rental income from its office assets in these three cities. Hudson Pacific’s tenants include a variety of technology, legal services and entertainment companies.

About analyst ratings

Analysts work in banking and financial systems and typically specialize in reporting on stocks or defined sectors. Analysts can attend company conference calls and meetings, research company financials, and communicate with insiders to issue “analyst notes” for stocks. Analysts typically rate each stock once a quarter.

Some analysts will also offer forecasts for metrics such as growth estimates, earnings, and revenue to provide additional stock insights. Investors using analyst ratings should note that such expert advice is human-sourced and may be subject to error.

If you want to track which analysts are outperforming others, you can view updated analyst ratings as well as analyst pass scores in Benzinga Pro.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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