Hudson Pacific Properties (NYSE:HPP) Stock Rating Lowered by Wall Street Zen

Hudson Pacific Properties (NYSE:HPP) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.

HPP has been the topic of a number of other research reports. Zacks Research cut shares of Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 8th. Piper Sandler upgraded shares of Hudson Pacific Properties from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $16.00 to $18.00 in a research note on Thursday, August 6th. Cantor Fitzgerald lifted their price objective on Hudson Pacific Properties from $14.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Bank of America reiterated 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, Mizuho raised their target price on Hudson Pacific Properties from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $15.82.

Hudson Pacific Properties Stock Performance

HPP opened at $12.37 on Friday. The stock’s 50 day simple moving average is $13.70 and its 200-day simple moving average is $11.60. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.33. The stock has a market cap of $671.32 million, a PE ratio of -1.40, a P/E/G ratio of 1.06 and a beta of 1.89. Hudson Pacific Properties has a 1 year low of $5.26 and a 1 year high of $20.06.

Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) EPS for the quarter, missing the consensus estimate of ($0.72) by ($0.90). The firm had revenue of $188.30 million during 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. Sell-side analysts forecast that Hudson Pacific Properties will post 1.12 EPS for the current year.

Insider Buying and Selling at Hudson Pacific Properties

In other Hudson Pacific Properties news, Director Jon Bortz purchased 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average cost of $13.40 per share, with a total value of $335,000.00. Following the completion of the acquisition, the director directly owned 35,394 shares of the company’s stock, valued at $474,279.60. This represents a 240.52% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.47% of the company’s stock.

Institutional Investors Weigh In On Hudson Pacific Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its stake in 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 valued at $25,000 after buying an additional 1,596 shares during the last quarter. Resona Asset Management Co. Ltd. raised its holdings in Hudson Pacific Properties by 8.4% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 24,670 shares of the real estate investment trust’s stock valued at $147,000 after acquiring an additional 1,918 shares during the period. Allied Private Wealth LLC acquired a new stake in Hudson Pacific Properties during the second quarter worth approximately $33,000. Cetera Investment Advisers lifted its position in Hudson Pacific Properties by 18.0% during the first quarter. Cetera Investment Advisers now owns 16,317 shares of the real estate investment trust’s stock worth $96,000 after acquiring an additional 2,485 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in shares of Hudson Pacific Properties by 29.3% during the first quarter. Sanctuary Advisors LLC now owns 15,075 shares of the real estate investment trust’s stock worth $89,000 after acquiring an additional 3,414 shares during the period. Institutional investors and hedge funds own 97.58% of the company’s stock.

Hudson Pacific Properties Company Profile

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.