Hudson Pacific Properties (NYSE:HPP) Hits New 12-Month Low – Here’s What Happened

Hudson Pacific Properties, Inc. (NYSE:HPP)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $1.72 and last traded at $1.7450, with a volume of 1701508 shares traded. The stock had previously closed at $1.80.

Wall Street Analysts Forecast Growth

HPP has been the topic of a number of recent research reports. The Goldman Sachs Group boosted their price objective on Hudson Pacific Properties from $2.80 to $3.20 and gave the stock a “neutral” rating in a research note on Wednesday, September 17th. Cantor Fitzgerald reduced their target price on shares of Hudson Pacific Properties from $3.50 to $3.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Piper Sandler cut their price objective on Hudson Pacific Properties from $3.00 to $2.50 and set a “neutral” rating for the company in a research report on Monday, November 10th. Jefferies Financial Group decreased their target price on shares of Hudson Pacific Properties from $2.50 to $2.40 and set a “hold” rating on the stock in a research report on Monday, October 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hudson Pacific Properties in a research report on Monday. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $3.13.

Hudson Pacific Properties Stock Performance

The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.18 and a current ratio of 2.18. The company has a market capitalization of $662.22 million, a price-to-earnings ratio of -0.62 and a beta of 1.62. The firm has a 50-day simple moving average of $2.55 and a two-hundred day simple moving average of $2.52.

Hudson Pacific Properties’s stock is scheduled to reverse split before the market opens on Monday, December 1st. The 1-7 reverse split was announced on Monday, November 17th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, November 28th.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $186.62 million during the quarter, compared to analysts’ expectations of $186.05 million. Hudson Pacific Properties had a negative net margin of 53.76% and a negative return on equity of 15.10%. Hudson Pacific Properties has set its Q4 2025 guidance at 0.010-0.050 EPS. On average, sell-side analysts anticipate that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Hudson Pacific Properties

Hedge funds have recently bought and sold shares of the stock. Connective Capital Management LLC acquired a new position in shares of Hudson Pacific Properties during the third quarter worth about $242,000. CANADA LIFE ASSURANCE Co boosted its holdings in Hudson Pacific Properties by 83.8% in the third quarter. CANADA LIFE ASSURANCE Co now owns 619,907 shares of the real estate investment trust’s stock valued at $1,687,000 after purchasing an additional 282,543 shares in the last quarter. United Capital Financial Advisors LLC purchased a new position in Hudson Pacific Properties in the third quarter valued at approximately $30,000. Prelude Capital Management LLC acquired a new stake in Hudson Pacific Properties during the third quarter worth approximately $34,000. Finally, Public Employees Retirement System of Ohio raised its holdings in Hudson Pacific Properties by 11.2% during the third quarter. Public Employees Retirement System of Ohio now owns 557,271 shares of the real estate investment trust’s stock worth $1,538,000 after purchasing an additional 56,343 shares in the last quarter. Institutional investors and hedge funds own 97.58% of the company’s stock.

About Hudson Pacific Properties

Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.