Hudson Pacific Properties (NYSE:HPP) Price Target Cut to $1.90 by Analysts at Citigroup

Hudson Pacific Properties (NYSE:HPP) had its price target decreased by equities researchers at Citigroup from $2.90 to $1.90 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s target price would indicate a potential upside of 7.65% from the stock’s current price.

HPP has been the topic of several other research reports. The Goldman Sachs Group boosted their price target on shares of Hudson Pacific Properties from $2.80 to $3.20 and gave the company a “neutral” rating in a research report on Wednesday, September 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Hudson Pacific Properties in a research report on Monday, November 17th. Piper Sandler lowered their price target 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. Cantor Fitzgerald dropped their target price on shares of Hudson Pacific Properties from $3.50 to $3.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Finally, Jefferies Financial Group dropped their price target on 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. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Hudson Pacific Properties presently has an average rating of “Hold” and an average target price of $3.04.

Hudson Pacific Properties Stock Performance

Shares of NYSE:HPP traded up $0.03 during midday trading on Monday, reaching $1.77. The company had a trading volume of 3,096,709 shares, compared to its average volume of 5,248,231. The stock has a market cap of $669.81 million, a P/E ratio of -0.63 and a beta of 1.62. The company’s 50 day moving average price is $2.47 and its 200 day moving average price is $2.51. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.17. Hudson Pacific Properties has a 52-week low of $1.67 and a 52-week high of $3.96.

Shares of Hudson Pacific Properties are scheduled to reverse split on the morning of 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 released its earnings results 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 the consensus estimate 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. As a group, sell-side analysts anticipate that Hudson Pacific Properties will post 0.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new position in Hudson Pacific Properties during the 2nd quarter valued at about $729,000. Public Employees Retirement System of Ohio raised its holdings in shares of Hudson Pacific Properties by 133.6% during the second quarter. Public Employees Retirement System of Ohio now owns 500,928 shares of the real estate investment trust’s stock valued at $1,373,000 after purchasing an additional 286,477 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Hudson Pacific Properties during the second quarter valued at approximately $29,000. Ieq Capital LLC lifted its position in Hudson Pacific Properties by 73.0% during the first quarter. Ieq Capital LLC now owns 33,782 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 14,257 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in Hudson Pacific Properties by 1,150.4% during the first quarter. Russell Investments Group Ltd. now owns 260,599 shares of the real estate investment trust’s stock valued at $769,000 after purchasing an additional 239,758 shares during the period. Hedge funds and other institutional investors 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.