Market Overview

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

Share:
Related HPP
The Big Picture After Credit Suisse Downgrades West Coast Office REIT Douglas Emmett
Hudson Pacific Properties Sells Encino Office Property to Douglas Emmett
Duke Realty Inks Leases for 500K Square Feet in Chicago - Analyst Blog (Zacks)

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

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...