Hudson Pacific Properties (NYSE:HPP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Hudson Pacific Properties (NYSE:HPP) from a sell rating to a hold rating in a report issued on Saturday morning,Wall Street Zen reports.

A number of other research analysts also recently issued reports on HPP. Zacks Research downgraded Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 8th. Wells Fargo & Company reissued an “overweight” rating and issued a $17.00 price target (up from $14.00) on shares of Hudson Pacific Properties in a research note on Tuesday, September 1st. Weiss Ratings restated a “sell (d)” rating on shares of Hudson Pacific Properties in a report on Wednesday, August 26th. Cantor Fitzgerald lifted their price objective on shares of Hudson Pacific Properties from $14.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Mizuho boosted their target price on shares of Hudson Pacific Properties from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $15.82.

Hudson Pacific Properties Stock Performance

Shares of HPP stock opened at $11.70 on Friday. The business’s 50 day simple moving average is $14.08 and its 200 day simple moving average is $11.44. Hudson Pacific Properties has a one year low of $5.26 and a one year high of $21.00. The stock has a market capitalization of $634.69 million, a PE ratio of -1.32, a PEG ratio of 1.13 and a beta of 1.89. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.11 and a quick ratio of 1.11.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.72) by ($0.90). The firm had revenue of $188.30 million for the quarter, compared to the consensus estimate of $181.80 million. Hudson Pacific Properties had a negative return on equity of 20.76% and a negative net margin of 70.04%.Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. As a group, research analysts forecast that Hudson Pacific Properties will post 1.12 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Jon Bortz purchased 25,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $13.40 per share, for a total transaction of $335,000.00. Following the purchase, the director owned 35,394 shares of the company’s stock, valued at approximately $474,279.60. This trade represents a 240.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.47% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. WINTON GROUP Ltd bought a new position in Hudson Pacific Properties during the 2nd quarter valued at $1,092,000. Integrated Wealth Concepts LLC purchased a new position in Hudson Pacific Properties during the 2nd quarter worth $119,000. IFP Advisors Inc grew its stake in shares of Hudson Pacific Properties by 4,560.0% in the 2nd quarter. IFP Advisors Inc now owns 1,631 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 1,596 shares in the last quarter. Allworth Financial LP grew its stake in shares of Hudson Pacific Properties by 601.3% in the 2nd quarter. Allworth Financial LP now owns 4,425 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 3,794 shares in the last quarter. Finally, Corient Private Wealth LP purchased a new stake in shares of Hudson Pacific Properties in the second quarter valued at about $333,000. Institutional investors own 97.58% of the company’s stock.

About Hudson Pacific Properties

Hudson Pacific Properties, Inc (NYSE:HPP) is a real estate investment trust that owns, operates and develops office and studio properties. The company focuses on properties serving technology, media and entertainment tenants, with offerings that include creative office space, soundstages, production facilities and related studio infrastructure.

Hudson Pacific’s portfolio is concentrated in major markets along the West Coast of the United States and in Vancouver, British Columbia. Its studio operations are conducted under the Sunset Studios brand and support film and television production through soundstages, production offices and other specialized facilities.