In a report released on September 30, Richard Anderson from Wedbush initiated coverage with a Buy rating on Hudson Pacific Properties and a price target of $3.50. The company’s shares closed yesterday at $2.73.
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Anderson covers the Real Estate sector, focusing on stocks such as AvalonBay, Douglas Emmett, and LTC Properties. According to TipRanks, Anderson has an average return of 8.4% and a 68.31% success rate on recommended stocks.
Currently, the analyst consensus on Hudson Pacific Properties is a Moderate Buy with an average price target of $3.25.
Based on Hudson Pacific Properties’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $190 million and a GAAP net loss of $77.98 million. In comparison, last year the company earned a revenue of $218 million and had a GAAP net loss of $41.83 million
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