Hudson Pacific Properties (NYSE:HPP) Price Target Raised to $17.00 at Cantor Fitzgerald

Hudson Pacific Properties (NYSE:HPP) had its target price raised by Cantor Fitzgerald from $14.00 to $17.00 in a research note issued to investors on Friday morning, Marketbeat reports. They currently have an overweight rating on the real estate investment trust’s stock.

HPP has been the topic of a number of other reports. Bank of America restated an “underperform” rating and issued a $14.00 target price on shares of Hudson Pacific Properties in a report on Tuesday, June 16th. Citigroup reiterated a “neutral” rating and issued a $13.00 price target (up from $8.00) on shares of Hudson Pacific Properties in a research report on Thursday, May 14th. BTIG Research reissued a “buy” rating and set a $26.00 price objective on shares of Hudson Pacific Properties in a research note on Wednesday, May 6th. Mizuho upped their price objective on Hudson Pacific Properties from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Finally, Morgan Stanley set a $9.00 price objective on Hudson Pacific Properties and gave the company an “underweight” rating in a research note on Wednesday, July 22nd. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $15.07.

Hudson Pacific Properties Stock Performance

NYSE:HPP opened at $14.34 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.11 and a quick ratio of 1.65. Hudson Pacific Properties has a 1 year low of $5.26 and a 1 year high of $21.70. The stock’s 50 day simple moving average is $14.81 and its two-hundred day simple moving average is $10.40. The company has a market cap of $777.96 million, a price-to-earnings ratio of -1.62, a PEG ratio of 1.00 and a beta of 1.90.

Hudson Pacific Properties (NYSE:HPP) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.90). Hudson Pacific Properties had a negative net margin of 70.04% and a negative return on equity of 20.76%. The firm had revenue of $188.30 million for the quarter, compared to the consensus estimate of $181.80 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. As a group, equities analysts anticipate that Hudson Pacific Properties will post 1.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hudson Pacific Properties

Large investors have recently made changes to their positions in the company. Balyasny Asset Management L.P. grew its stake in shares of Hudson Pacific Properties by 122.4% during the second quarter. Balyasny Asset Management L.P. now owns 15,712,981 shares of the real estate investment trust’s stock valued at $43,054,000 after buying an additional 8,646,463 shares during the last quarter. Conversant Capital LLC lifted its stake in shares of Hudson Pacific Properties by 293.6% during the 2nd quarter. Conversant Capital LLC now owns 10,700,000 shares of the real estate investment trust’s stock worth $29,318,000 after acquiring an additional 7,981,580 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Hudson Pacific Properties during the 2nd quarter worth approximately $102,830,000. Sei Investments Co. boosted its holdings in Hudson Pacific Properties by 18,343.2% during the 2nd quarter. Sei Investments Co. now owns 5,571,688 shares of the real estate investment trust’s stock valued at $15,266,000 after acquiring an additional 5,541,478 shares during the period. Finally, UBS Group AG boosted its holdings in Hudson Pacific Properties by 657.0% during the 3rd quarter. UBS Group AG now owns 5,617,697 shares of the real estate investment trust’s stock valued at $15,505,000 after acquiring an additional 4,875,549 shares during the period. 97.58% of the stock is owned by hedge funds and other institutional investors.

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.