Hudson Pacific Properties, Inc. (NYSE:HPP) Receives $14.53 Average Target Price from Analysts

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP) have received a consensus rating of “Hold” from the thirteen brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $14.5250.

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Hudson Pacific Properties from $18.20 to $13.50 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. BTIG Research restated a “buy” rating and set a $26.00 price target on shares of Hudson Pacific Properties in a research report on Wednesday, May 6th. Piper Sandler lowered their price target on shares of Hudson Pacific Properties from $8.00 to $6.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. BMO Capital Markets restated a “market perform” rating on shares of Hudson Pacific Properties in a research report on Thursday, February 26th. Finally, Wall Street Zen lowered shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research report on Saturday.

Hudson Pacific Properties Stock Down 4.0%

HPP stock opened at $10.81 on Friday. The stock has a market capitalization of $586.06 million, a P/E ratio of -1.07, a P/E/G ratio of 0.84 and a beta of 1.86. Hudson Pacific Properties has a 52 week low of $5.26 and a 52 week high of $21.70. The firm has a 50-day simple moving average of $7.63 and a 200-day simple moving average of $9.76. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.28.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.10. The firm had revenue of $181.85 million for the quarter, compared to analyst estimates of $175.12 million. Hudson Pacific Properties had a negative net margin of 67.89% and a negative return on equity of 19.05%. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. Equities analysts forecast that Hudson Pacific Properties will post 1.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hudson Pacific Properties

Several institutional investors and hedge funds have recently bought and sold shares of HPP. Balyasny Asset Management L.P. boosted its holdings in Hudson Pacific Properties by 122.4% in the 2nd 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 purchasing an additional 8,646,463 shares during the last quarter. Conversant Capital LLC boosted its holdings in Hudson Pacific Properties by 293.6% in the 2nd 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 during the last quarter. Sei Investments Co. boosted its holdings in 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. UBS Group AG boosted its holdings in Hudson Pacific Properties by 657.0% in the 3rd quarter. UBS Group AG now owns 5,617,697 shares of the real estate investment trust’s stock valued at $15,505,000 after purchasing an additional 4,875,549 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Hudson Pacific Properties by 14.3% in the 3rd quarter. Vanguard Group Inc. now owns 38,453,976 shares of the real estate investment trust’s stock valued at $106,133,000 after purchasing an additional 4,815,234 shares during the last quarter. 97.58% of the stock is currently owned by institutional investors and hedge funds.

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.