Hudson Pacific Properties (NYSE:HPP) Stock Jumps 7.3% – What’s Next?

Hudson Pacific Properties, Inc. (NYSE:HPP) rose 7.3% during mid-day trading on Thursday. The company traded as high as $10.11 and last traded at $10.1550. Approximately 169,873 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 1,080,091 shares. The stock had previously closed at $9.46.

Analyst Upgrades and Downgrades

Several research analysts have commented on HPP shares. Zacks Research downgraded Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 8th. Piper Sandler cut Hudson Pacific Properties from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $15.00 to $13.00 in a report on Monday. Cantor Fitzgerald increased their price target on Hudson Pacific Properties from $14.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Wells Fargo & Company restated an “overweight” rating and set a $17.00 price target (up from $14.00) on shares of Hudson Pacific Properties in a research note on Tuesday, September 1st. Finally, Morgan Stanley set a $9.00 price objective on Hudson Pacific Properties and gave the company an “underweight” rating in a report on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Hudson Pacific Properties currently has an average rating of “Hold” and a consensus target price of $15.27.

Hudson Pacific Properties Price Performance

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 firm has a market cap of $574.71 million, a P/E ratio of -1.20, a PEG ratio of 0.79 and a beta of 1.96. The firm has a 50-day simple moving average of $12.26 and a 200-day simple moving average of $12.38.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly 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 company 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. As a group, analysts forecast that Hudson Pacific Properties, Inc. will post 1.16 EPS for the current year.

Insider Transactions at Hudson Pacific Properties

In related news, Director Jon Bortz bought 25,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of $13.40 per share, for a total transaction of $335,000.00. Following the completion of the purchase, the director directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. 2.47% of the stock is owned by company insiders.

Institutional Trading of Hudson Pacific Properties

Several hedge funds have recently modified their holdings of the company. IFP Advisors Inc boosted its holdings 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 valued at $25,000 after buying an additional 1,596 shares in the last quarter. Allied Private Wealth LLC purchased a new position in shares of Hudson Pacific Properties in the 2nd quarter worth approximately $33,000. Allworth Financial LP bought a new position in shares of Hudson Pacific Properties during the 2nd quarter worth approximately $67,000. Legal & General Group Plc bought a new position in shares of Hudson Pacific Properties during the 2nd quarter worth approximately $80,000. Finally, Sanctuary Advisors LLC raised its stake in shares of Hudson Pacific Properties by 29.3% during the 1st 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 in the last quarter. 97.58% of the stock is owned by hedge funds and other institutional investors.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties, Inc is a real estate investment trust that owns, operates and develops office and studio properties in major technology, media and entertainment markets. The company’s portfolio is focused primarily on the West Coast of the United States and Vancouver, Canada, with properties designed for businesses in the technology, media and creative industries.

Hudson Pacific’s office business includes creative office campuses and traditional office buildings that it leases to companies across sectors such as technology, entertainment and professional services.