Hudson Pacific Properties, Inc. (NYSE:HPP) Receives Consensus Recommendation of “Hold” from Brokerages

Hudson Pacific Properties, Inc. (NYSE:HPP) has earned an average rating of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $13.4833.

A number of research analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Hudson Pacific Properties from $13.50 to $14.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. BTIG Research reiterated a “buy” rating and set a $26.00 price objective on shares of Hudson Pacific Properties in a research note on Wednesday, May 6th. Piper Sandler reissued a “neutral” rating and set a $12.00 price objective (up from $6.50) on shares of Hudson Pacific Properties in a report on Thursday, May 28th. Bank of America reissued an “underperform” rating and issued a $14.00 price objective on shares of Hudson Pacific Properties in a research note on Tuesday, June 16th. Finally, Morgan Stanley lowered their target price on Hudson Pacific Properties from $8.00 to $5.00 and set an “underweight” rating for the company in a report on Tuesday, March 31st.

Hudson Pacific Properties Price Performance

Shares of HPP stock opened at $15.41 on Friday. Hudson Pacific Properties has a twelve month low of $5.26 and a twelve month high of $21.70. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.28. The stock has a fifty day simple moving average of $13.29 and a two-hundred day simple moving average of $9.75. The stock has a market capitalization of $835.73 million, a price-to-earnings ratio of -1.53, a P/E/G ratio of 1.23 and a beta of 1.89.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) EPS for the quarter, beating the consensus estimate of ($0.92) by $0.10. Hudson Pacific Properties had a negative return on equity of 19.05% and a negative net margin of 67.89%.The firm had revenue of $181.85 million for the quarter, compared to analyst estimates of $175.12 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. On average, analysts predict that Hudson Pacific Properties will post 1.05 EPS 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 stock. Oasis Management Co Ltd. bought a new position in Hudson Pacific Properties in the third quarter worth about $1,049,000. Kettle Hill Capital Management LLC lifted its position in shares of Hudson Pacific Properties by 436.7% during the third quarter. Kettle Hill Capital Management LLC now owns 4,558,816 shares of the real estate investment trust’s stock valued at $12,582,000 after buying an additional 3,709,391 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Hudson Pacific Properties by 38.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,320,823 shares of the real estate investment trust’s stock valued at $11,925,000 after buying an additional 1,192,974 shares in the last quarter. Algert Global LLC boosted its holdings in shares of Hudson Pacific Properties by 193.8% in the 3rd quarter. Algert Global LLC now owns 3,577,833 shares of the real estate investment trust’s stock valued at $9,875,000 after buying an additional 2,359,961 shares in the last quarter. Finally, Militia Capital Partners LP purchased a new position in shares of Hudson Pacific Properties in the 3rd quarter worth approximately $423,000. 97.58% of the stock is currently owned by hedge funds and other 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.