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

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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

DateFirmActionFromTo
Apr 2015Wells FargoResumesMarket Perform
Jan 2015BarclaysMaintainsOverweight
Jan 2015DA DavidsonMaintainsBuy

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

 

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