Morgan Stanley analyst Ronald Kamdem lowered the firm’s price target on Hudson Pacific (HPP) to $8 from $14 and keeps an Underweight rating on the shares. Heading into earnings, the firm looked at office fundamental trends in Q4 in key REIT markets and said it expects elevated payout ratio to be a focus at SL Green Realty (SLG), Highwoods Properties (HIW) and American Assets Trust (AAT).
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Read More on HPP:
- Hudson Pacific price target lowered to $14.50 from $16.50 at Goldman Sachs
- Hudson Pacific price target lowered to $10 from $11 at Piper Sandler
- Hudson Pacific downgraded to Market Perform from Outperform at BMO Capital
- Hudson Pacific Properties: Market Perform Rating Amid Leasing Progress, Studio Uncertainty, and Persistent Vacancy Headwinds
- Hudson Pacific price target lowered to $13 from $21 at Cantor Fitzgerald