Hudson Pacific Properties (NYSE:HPP) Stock Price Expected to Rise, Citigroup Analyst Says

Hudson Pacific Properties (NYSE:HPP) had its target price raised by Citigroup from $7.00 to $8.00 in a report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s target price suggests a potential upside of 5.82% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Mizuho reduced their price target on shares of Hudson Pacific Properties from $21.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Morgan Stanley reaffirmed an “underweight” rating and issued a $8.00 target price on shares of Hudson Pacific Properties in a report on Thursday, January 29th. Zacks Research cut shares of Hudson Pacific Properties from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. The Goldman Sachs Group set a $14.50 target price on shares of Hudson Pacific Properties and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Hudson Pacific Properties in a report on Thursday. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Hudson Pacific Properties has a consensus rating of “Hold” and an average price target of $14.48.

Hudson Pacific Properties Price Performance

NYSE:HPP traded up $0.32 during trading hours on Monday, reaching $7.56. 830,639 shares of the company were exchanged, compared to its average volume of 1,497,423. The firm has a market cap of $409.98 million, a PE ratio of -0.58 and a beta of 1.50. The stock’s 50-day moving average is $8.78 and its 200-day moving average is $14.10. Hudson Pacific Properties has a twelve month low of $5.55 and a twelve month high of $23.52. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.25.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $256.03 million for the quarter, compared to analyst estimates of $168.02 million. Hudson Pacific Properties had a negative return on equity of 19.89% and a negative net margin of 69.12%.Hudson Pacific Properties has set its FY 2026 guidance at 0.960-1.060 EPS. On average, sell-side analysts anticipate that Hudson Pacific Properties will post 0.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Balyasny Asset Management L.P. raised its holdings in shares of Hudson Pacific Properties by 122.4% during the second quarter. Balyasny Asset Management L.P. now owns 15,712,981 shares of the real estate investment trust’s stock valued at $43,054,000 after buying an additional 8,646,463 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Hudson Pacific Properties by 357.1% during the second quarter. Prudential Financial Inc. now owns 10,686,082 shares of the real estate investment trust’s stock worth $29,280,000 after purchasing an additional 8,348,371 shares during the period. Conversant Capital LLC grew its stake in Hudson Pacific Properties by 293.6% in the second quarter. Conversant Capital LLC now owns 10,700,000 shares of the real estate investment trust’s stock valued at $29,318,000 after purchasing an additional 7,981,580 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Hudson Pacific Properties during the 2nd quarter valued at $21,422,000. Finally, Sei Investments Co. lifted its stake in shares of Hudson Pacific Properties by 18,343.2% in the 2nd quarter. Sei Investments Co. now owns 5,571,688 shares of the real estate investment trust’s stock valued at $15,266,000 after purchasing an additional 5,541,478 shares during the last quarter. Institutional investors and hedge funds own 97.58% of the company’s stock.

About Hudson Pacific Properties

Hudson Pacific Properties (NYSE: HPP) is a self-managed real estate investment trust focused on the acquisition, development and management of high-quality office and studio properties. The company’s portfolio spans strategic West Coast markets in the United States and key markets in Canada, providing space for technology, media and creative companies as well as major film and television producers. As an owner and operator of both traditional office buildings and specialized production facilities, Hudson Pacific seeks to deliver stable income through long-term leases and strategic property enhancements.

In its office segment, Hudson Pacific targets markets with strong job growth and limited supply, including Los Angeles, Silicon Valley, San Diego and Seattle, as well as Vancouver, British Columbia.