Hudson Pacific Properties (NYSE:HPP) Trading Up 5.2% – Here’s What Happened

Hudson Pacific Properties, Inc. (NYSE:HPP) was up 5.2% during mid-day trading on Tuesday . The company traded as high as $10.91 and last traded at $10.90. Approximately 539,322 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 805,577 shares. The stock had previously closed at $10.36.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HPP shares. Citigroup decreased their price objective on Hudson Pacific Properties from $20.30 to $13.30 and set a “neutral” rating for the company in a report on Monday, November 24th. Mizuho lowered their price objective on shares of Hudson Pacific Properties from $21.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, December 12th. Piper Sandler decreased their target price on shares of Hudson Pacific Properties from $21.00 to $17.50 and set a “neutral” rating for the company in a research note on Monday, November 10th. The Goldman Sachs Group set a $16.50 price target on Hudson Pacific Properties and gave the company a “neutral” rating in a research report on Friday, December 19th. Finally, Wells Fargo & Company set a $2.60 price objective on Hudson Pacific Properties in a research report on Tuesday, November 25th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Hudson Pacific Properties presently has an average rating of “Hold” and an average price target of $19.02.

Hudson Pacific Properties Stock Up 5.1%

The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.78 and a current ratio of 1.78. The company has a market capitalization of $590.46 million, a PE ratio of -0.64 and a beta of 1.45. The firm’s 50-day simple moving average is $13.93 and its 200 day simple moving average is $17.15.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.04 EPS for the quarter, beating the consensus estimate 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 59.61% and a negative return on equity of 16.24%. Hudson Pacific Properties has set its Q4 2025 guidance at 0.010-0.050 EPS. As a group, equities research analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current year.

Hedge Funds Weigh In On Hudson Pacific Properties

Several hedge funds have recently bought and sold shares of the company. Abel Hall LLC purchased a new stake in Hudson Pacific Properties during the second quarter worth $28,000. Evergreen Capital Management LLC acquired a new position in shares of Hudson Pacific Properties during the 2nd quarter worth $28,000. Orion Porfolio Solutions LLC purchased a new stake in shares of Hudson Pacific Properties in the 3rd quarter worth about $28,000. Ethic Inc. acquired a new stake in Hudson Pacific Properties in the 3rd quarter valued at about $28,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Hudson Pacific Properties in the 2nd quarter valued at about $29,000. 97.58% of the stock is owned by hedge funds and other institutional investors.

Hudson Pacific Properties Company Profile

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.