Market Overview

UPDATE: KeyBanc Downgrades Hudson Pacific Properties to Hold on Valuation

Share:
Related HPP
Hudson Pacific Properties Sells Encino Office Property to Douglas Emmett
UPDATE: D.A. Davidson Initiates Coverage On Hudson Pacific Properties On Blackstone Deal Announcement

KeyBanc downgraded Hudson Pacific Properties, Inc. (NYSE: HPP) from Buy to Hold.

KeyBanc commented, "We are downgrading HPP to HOLD from BUY as the stock has reached our former $21/share price target. Despite the move to a neutral stance, we still expect the West Coast office trade will remain in place in 2013 given the outlook for continued demand for space and expected rent growth. The ongoing demand for office space in San Francisco should further benefit HPP in 2013 and help the lease-up effort at several value-add projects (e.g., Olympic & Bundy)."

Hudson Pacific Properties closed at $20.69 on Wednesday.

Latest Ratings for HPP

DateFirmActionFromTo
Jan 2015BarclaysMaintainsOverweight
Jan 2015DA DavidsonMaintainsBuy
Nov 2014Credit SuisseInitiates Coverage onOutperform

View More Analyst Ratings for HPP
View the Latest Analyst Ratings

Posted-In: KeyBancAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Related Articles (HPP)

Around the Web, We're Loving...