Piper Sandler Issues Pessimistic Forecast for Hudson Pacific Properties (NYSE:HPP) Stock Price

Hudson Pacific Properties (NYSE:HPP) had its price target reduced by stock analysts at Piper Sandler from $8.00 to $6.50 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s target price indicates a potential upside of 16.18% from the company’s previous close.

A number of other brokerages have also issued reports on HPP. Citigroup raised their price target on shares of Hudson Pacific Properties from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. BMO Capital Markets reissued a “market perform” rating on shares of Hudson Pacific Properties in a research note on Thursday, February 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Hudson Pacific Properties in a report on Monday, December 29th. The Goldman Sachs Group set a $14.50 price target on Hudson Pacific Properties and gave the company a “neutral” rating in a research report on Thursday, January 29th. Finally, Jefferies Financial Group set a $8.00 price objective on Hudson Pacific Properties and gave the stock a “hold” rating in a report on Friday, March 6th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $13.20.

Hudson Pacific Properties Trading Down 5.3%

Shares of Hudson Pacific Properties stock traded down $0.32 during trading on Wednesday, reaching $5.60. The company’s stock had a trading volume of 329,087 shares, compared to its average volume of 1,397,492. The firm’s 50-day moving average is $7.08 and its two-hundred day moving average is $12.15. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 1.25. Hudson Pacific Properties has a 52-week low of $5.33 and a 52-week high of $21.70. The company has a market cap of $303.47 million, a price-to-earnings ratio of -0.43, a PEG ratio of 0.63 and a beta of 1.50.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating 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 firm had revenue of $256.03 million during the quarter, compared to the consensus estimate of $168.02 million. 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 year.

Hedge Funds Weigh In On Hudson Pacific Properties

A number of institutional investors have recently bought and sold shares of the stock. Ethic Inc. purchased a new stake in Hudson Pacific Properties in the third quarter worth about $28,000. Evergreen Capital Management LLC purchased a new position in shares of Hudson Pacific Properties during the 2nd quarter worth approximately $28,000. Orion Porfolio Solutions LLC purchased a new position in shares of Hudson Pacific Properties during the 3rd quarter worth approximately $28,000. Discipline Wealth Solutions LLC bought a new position in shares of Hudson Pacific Properties in the 3rd quarter worth approximately $30,000. Finally, United Capital Financial Advisors LLC bought a new position in shares of Hudson Pacific Properties in the 3rd quarter worth approximately $30,000. 97.58% of the stock is 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.