Goldman Sachs Maintains Hudson Pacific Properties (HPP) Sell Recommendation
Nasdaq Fintel reports that on September 19, 2023, Goldman Sachs maintained coverage of Hudson Pacific Properties (NYSE:HPP) with a Sell recommendation.
Analyst Price Forecast Suggests 7.13% Downside
As of August 31, 2023, the average one-year price target for Hudson Pacific Properties is 6.22. The forecasts range from a low of 4.04 to a high of $10.50. The average price target represents a decrease of 7.13% from its latest reported closing price of 6.70.
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The projected annual revenue for Hudson Pacific Properties is 1,075MM, an increase of 4.87%. The projected annual non-GAAP EPS is -0.04.
What is the Fund Sentiment?
There are 482 funds or institutions reporting positions in Hudson Pacific Properties. This is a decrease of 34 owner(s) or 6.59% in the last quarter. Average portfolio weight of all funds dedicated to HPP is 0.07%, a decrease of 34.19%. Total shares owned by institutions increased in the last three months by 2.86% to 157,157K shares. The put/call ratio of HPP is 1.98, indicating a bearish outlook.