Market Overview

UPDATE: Morgan Stanley Raises PT to $16 on Hudson Pacific Properties;

Related HPP
UPDATE: D.A. Davidson Initiates Coverage On Hudson Pacific Properties On Blackstone Deal Announcement
This REIT Just Hit An All-Time High After A Major Deal With Blackstone

Morgan Stanley increases its price target on Hudson Pacific Properties (NYSE: HPP) from $15 to $16 as it reiterates an Equal-weight rating on shares.

Morgan Stanley comments, "We raise our price target by $1, to $16, as HPP announced two new acquisitions and closed an 11.5M share offering. Together, these efforts scale HPP's platform and raise future earnings. We estimate stabilized FFO/shr may approach $1.20, which could support an ~$0.80 dividend ($0.50 currently)."

HPP closed at $15.61 on Tuesday.

Latest Ratings for HPP

Nov 2014Credit SuisseInitiates Coverage onOutperform
Sep 2014Mizuho SecuritiesInitiates Coverage onNeutral
Jul 2014BarclaysMaintainsOverweight

View More Analyst Ratings for HPP
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Price Target Reiteration Pre-Market Outlook Analyst Ratings


Related Articles (HPP)

Around the Web, We're Loving...

Get Benzinga's Newsletters