Hudson Pacific Properties (NYSE:HPP) Price Target Raised to $16.00

Hudson Pacific Properties (NYSE:HPP) had its target price lifted by Piper Sandler from $12.00 to $16.00 in a research note published on Tuesday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the real estate investment trust’s stock.

HPP has been the topic of several other reports. Wall Street Zen raised shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $16.00 price target (up from $8.00) on shares of Hudson Pacific Properties in a research report on Monday, June 15th. Citigroup reiterated a “neutral” rating and set a $13.00 price target (up from $8.00) on shares of Hudson Pacific Properties in a research note on Thursday, May 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Hudson Pacific Properties in a report on Friday, May 29th. Finally, BTIG Research reaffirmed a “buy” rating and set a $26.00 target price on shares of Hudson Pacific Properties in a research report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Hudson Pacific Properties presently has an average rating of “Hold” and a consensus target price of $14.32.

Hudson Pacific Properties Stock Performance

HPP stock opened at $14.86 on Tuesday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $806.22 million, a price-to-earnings ratio of -1.47, a P/E/G ratio of 1.10 and a beta of 1.89. Hudson Pacific Properties has a 12 month low of $5.26 and a 12 month high of $21.70. The firm has a 50 day moving average of $14.18 and a two-hundred day moving average of $10.08.

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, topping the consensus estimate of ($0.92) by $0.10. Hudson Pacific Properties had a negative net margin of 67.89% and a negative return on equity of 19.05%. The company 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. As a group, equities analysts anticipate that Hudson Pacific Properties will post 1.11 EPS for the current fiscal year.

Institutional Trading of Hudson Pacific Properties

Hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its position in Hudson Pacific Properties by 140.3% in the 1st quarter. AQR Capital Management LLC now owns 348,203 shares of the real estate investment trust’s stock worth $1,027,000 after buying an additional 203,283 shares during the period. Caxton Associates LLP bought a new stake in shares of Hudson Pacific Properties in the first quarter valued at approximately $82,000. Strs Ohio acquired a new stake in shares of Hudson Pacific Properties in the first quarter worth $73,000. Creative Planning grew its stake in shares of Hudson Pacific Properties by 25.8% in the second quarter. Creative Planning now owns 46,095 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 9,467 shares during the last quarter. Finally, Cetera Investment Advisers bought a new position in Hudson Pacific Properties during the second quarter worth $62,000. Institutional investors own 97.58% of the company’s stock.

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.