Hudson Pacific Properties (NYSE:HPP) Trading Up 7% – Should You Buy?

Hudson Pacific Properties, Inc. (NYSE:HPP) shot up 7% during trading on Wednesday . The stock traded as high as $16.31 and last traded at $16.6320. 79,023 shares traded hands during trading, a decline of 94% from the average session volume of 1,269,723 shares. The stock had previously closed at $15.54.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HPP shares. Citigroup reissued a “neutral” rating and set a $13.00 target price (up from $8.00) on shares of Hudson Pacific Properties in a research report on Thursday, May 14th. Piper Sandler reaffirmed a “neutral” rating and issued a $12.00 price target (up from $6.50) on shares of Hudson Pacific Properties in a report on Thursday, May 28th. Morgan Stanley reduced their price target on Hudson Pacific Properties from $8.00 to $5.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 31st. Bank of America reiterated an “underperform” rating and set a $14.00 price objective on shares of Hudson Pacific Properties in a report on Tuesday, June 16th. Finally, Wall Street Zen raised Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $13.48.

Hudson Pacific Properties Trading Up 3.3%

The company has a debt-to-equity ratio of 1.28, a current ratio of 1.65 and a quick ratio of 1.65. The stock has a market cap of $870.28 million, a price-to-earnings ratio of -1.59, a P/E/G ratio of 1.25 and a beta of 1.89. The company’s fifty day moving average price is $13.84 and its 200-day moving average price is $9.94.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data 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. The firm had revenue of $181.85 million during 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. On average, research analysts expect that Hudson Pacific Properties, Inc. will post 1.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Hudson Pacific Properties

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allied Private Wealth LLC purchased a new stake in shares of Hudson Pacific Properties during the second quarter valued at $33,000. Pensionfund Sabic purchased a new position in Hudson Pacific Properties in the 4th quarter worth $59,000. Evergreen Capital Management LLC purchased a new position in Hudson Pacific Properties in the 2nd quarter worth $28,000. Orion Porfolio Solutions LLC acquired a new stake in Hudson Pacific Properties during the 3rd quarter worth about $28,000. Finally, United Capital Financial Advisors LLC acquired a new stake in Hudson Pacific Properties during the 3rd quarter worth about $30,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

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.