Hudson Pacific Properties (NYSE:HPP) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Hudson Pacific Properties (NYSE:HPP) from a sell rating to a hold rating in a report published on Saturday.

Several other brokerages have also recently weighed in on HPP. BTIG Research set a $26.00 price objective on Hudson Pacific Properties and gave the company a “buy” rating in a research note on Friday, January 2nd. Zacks Research lowered shares of Hudson Pacific Properties from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Piper Sandler set a $10.00 target price on shares of Hudson Pacific Properties in a report on Tuesday, January 27th. BMO Capital Markets reissued a “market perform” rating on shares of Hudson Pacific Properties in a research report on Thursday, February 26th. Finally, Morgan Stanley restated an “underweight” rating and set a $8.00 price target on shares of Hudson Pacific Properties in a report on Thursday, January 29th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Hudson Pacific Properties presently has an average rating of “Hold” and an average target price of $13.74.

Hudson Pacific Properties Stock Performance

Shares of HPP opened at $6.99 on Friday. The firm has a market capitalization of $379.14 million, a P/E ratio of -0.54 and a beta of 1.50. Hudson Pacific Properties has a 52 week low of $5.55 and a 52 week high of $22.89. The stock has a 50 day moving average price of $8.49 and a two-hundred day moving average price of $13.73. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.78 and a current ratio of 1.78.

Hudson Pacific Properties (NYSE:HPP) last posted its earnings results on Thursday, February 26th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The company 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. Equities analysts forecast that Hudson Pacific Properties will post 0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hudson Pacific Properties

A number of hedge funds have recently made changes to their positions in the business. Ethic Inc. bought a new position in Hudson Pacific Properties during the third quarter valued at about $28,000. Evergreen Capital Management LLC purchased a new position in Hudson Pacific Properties in the second quarter valued at about $28,000. Orion Porfolio Solutions LLC bought a new position in shares of Hudson Pacific Properties during the 3rd quarter valued at approximately $28,000. Discipline Wealth Solutions LLC purchased a new stake in shares of Hudson Pacific Properties during the 3rd quarter worth approximately $30,000. Finally, United Capital Financial Advisors LLC purchased a new stake in shares of Hudson Pacific Properties during the 3rd quarter worth approximately $30,000. 97.58% of the stock is currently owned by institutional investors.

Hudson Pacific Properties Company Profile

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.