Hudson Pacific Properties (NYSE:HPP – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.
HPP has been the topic of a number of other research reports. Wells Fargo & Company boosted their price target on Hudson Pacific Properties from $13.50 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Citigroup reaffirmed a “neutral” rating and issued a $13.00 price objective (up from $8.00) on shares of Hudson Pacific Properties in a research report on Thursday, May 14th. Bank of America reiterated an “underperform” rating and issued a $14.00 target price on shares of Hudson Pacific Properties in a research note on Tuesday, June 16th. Zacks Research upgraded shares of Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 3rd. Finally, BTIG Research reissued a “buy” rating and set a $26.00 price objective on shares of Hudson Pacific Properties in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $13.48.
Check Out Our Latest Stock Report on HPP
Hudson Pacific Properties Stock Down 1.7%
Hudson Pacific Properties (NYSE:HPP – Get 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 return on equity of 19.05% and a negative net margin of 67.89%.The company had revenue of $181.85 million for 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. As a group, equities analysts forecast that Hudson Pacific Properties will post 1.05 earnings per share for the current year.
Institutional Trading of Hudson Pacific Properties
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allied Private Wealth LLC purchased a new position in Hudson Pacific Properties in the second quarter valued at $33,000. Militia Capital Management LLC acquired a new stake in shares of Hudson Pacific Properties during the 1st quarter valued at about $1,904,000. Bank of America Corp DE increased its stake in shares of Hudson Pacific Properties by 19.7% in the 1st quarter. Bank of America Corp DE now owns 288,272 shares of the real estate investment trust’s stock valued at $1,704,000 after purchasing an additional 47,463 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Hudson Pacific Properties by 61.8% in the 1st quarter. California State Teachers Retirement System now owns 82,344 shares of the real estate investment trust’s stock valued at $487,000 after purchasing an additional 31,452 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in Hudson Pacific Properties by 347.8% in the 1st quarter. Quantinno Capital Management LP now owns 184,034 shares of the real estate investment trust’s stock worth $1,088,000 after purchasing an additional 142,941 shares during the period. Institutional investors and hedge funds own 97.58% of the company’s stock.
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.
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