Hudson Pacific Properties (NYSE:HPP) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Hudson Pacific Properties (NYSE:HPP) from a strong sell rating to a hold rating in a research note released on Thursday morning,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Citigroup increased their price objective on shares of Hudson Pacific Properties from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Piper Sandler set a $10.00 price target on Hudson Pacific Properties in a report on Tuesday, January 27th. BTIG Research set a $26.00 price target on Hudson Pacific Properties and gave the company a “buy” rating in a research report on Friday, January 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Hudson Pacific Properties in a research note on Monday, December 29th. Finally, Wells Fargo & Company set a $2.60 price objective on shares of Hudson Pacific Properties in a report on Tuesday, November 25th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $13.74.

Hudson Pacific Properties Stock Down 6.6%

Shares of Hudson Pacific Properties stock traded down $0.49 during trading hours on Thursday, hitting $6.99. 1,086,128 shares of the company’s stock traded hands, compared to its average volume of 1,769,266. The stock has a 50 day simple moving average of $8.49 and a 200-day simple moving average of $13.73. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 1.25. The company has a market cap of $379.14 million, a PE ratio of -0.54 and a beta of 1.50. Hudson Pacific Properties has a twelve month low of $5.55 and a twelve month high of $22.89.

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

Hedge Funds Weigh In On Hudson Pacific Properties

Institutional investors have recently modified their holdings of the company. Ethic Inc. bought a new stake in Hudson Pacific Properties during the 3rd quarter valued at $28,000. Evergreen Capital Management LLC acquired a new position in shares of Hudson Pacific Properties during the second quarter valued at $28,000. Orion Porfolio Solutions LLC acquired a new position in shares of Hudson Pacific Properties during the third quarter valued at $28,000. Discipline Wealth Solutions LLC bought a new stake in shares of Hudson Pacific Properties during the third quarter valued at about $30,000. Finally, United Capital Financial Advisors LLC bought a new stake in shares of Hudson Pacific Properties during the third quarter valued at about $30,000. Institutional investors 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.