Hudson Pacific Properties (NYSE:HPP) Rating Lowered to “Sell” at Wall Street Zen

Hudson Pacific Properties (NYSE:HPPGet Free Report) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

HPP has been the subject of several other reports. BMO Capital Markets reiterated a “market perform” rating on shares of Hudson Pacific Properties in a research report on Thursday, February 26th. Wells Fargo & Company dropped their target price on shares of Hudson Pacific Properties from $18.20 to $13.50 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Cantor Fitzgerald dropped their target price on shares of Hudson Pacific Properties from $13.00 to $10.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Zacks Research upgraded shares of Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 3rd. Finally, Jefferies Financial Group set a $8.00 target price on shares of Hudson Pacific Properties and gave the company a “hold” rating in a research report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Hudson Pacific Properties currently has an average rating of “Hold” and a consensus target price of $14.53.

Get Our Latest Stock Analysis on HPP

Hudson Pacific Properties Trading Up 0.1%

Shares of Hudson Pacific Properties stock opened at $11.28 on Friday. Hudson Pacific Properties has a 1 year low of $5.26 and a 1 year high of $21.70. The firm has a market cap of $611.56 million, a PE ratio of -1.12, a PEG ratio of 0.84 and a beta of 1.86. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.65 and a quick ratio of 1.65. The company has a 50 day simple moving average of $7.56 and a two-hundred day simple moving average of $9.75.

Hudson Pacific Properties (NYSE:HPPGet Free Report) last announced its earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.92) by $0.10. Hudson Pacific Properties had a negative net margin of 67.89% and a negative return on equity of 19.05%. The business had revenue of $181.85 million during the quarter, compared to analyst estimates of $175.12 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. Analysts expect that Hudson Pacific Properties will post 1.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Resona Asset Management Co. Ltd. increased its position in Hudson Pacific Properties by 8.4% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 24,670 shares of the real estate investment trust’s stock valued at $147,000 after purchasing an additional 1,918 shares during the period. Cetera Investment Advisers increased its position in Hudson Pacific Properties by 18.0% during the 1st quarter. Cetera Investment Advisers now owns 16,317 shares of the real estate investment trust’s stock valued at $96,000 after purchasing an additional 2,485 shares during the period. Sanctuary Advisors LLC increased its position in 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 valued at $89,000 after purchasing an additional 3,414 shares during the period. Xponance Inc. increased its position in Hudson Pacific Properties by 19.9% during the 3rd quarter. Xponance Inc. now owns 29,100 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 4,821 shares during the period. Finally, Pensionfund Sabic purchased a new position in Hudson Pacific Properties during the 4th quarter valued at $59,000. 97.58% of the stock is owned by hedge funds and other institutional investors.

About Hudson Pacific Properties

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Hudson Pacific Properties (NYSE:HPP)

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