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