Hudson Pacific Properties, Inc. (NYSE:HPP – Get Free Report)’s stock price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $10.90 and traded as low as $10.39. Hudson Pacific Properties shares last traded at $10.52, with a volume of 966,531 shares traded.
Wall Street Analyst Weigh In
Several research firms recently weighed in on HPP. Mizuho upped their price target on Hudson Pacific Properties from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Morgan Stanley set a $9.00 price objective on Hudson Pacific Properties and gave the company an “underweight” rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group reissued a “neutral” rating and issued a $16.00 target price on shares of Hudson Pacific Properties in a report on Monday, August 10th. Wells Fargo & Company reissued an “overweight” rating and issued a $17.00 target price (up from $14.00) on shares of Hudson Pacific Properties in a research note on Tuesday, September 1st. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Hudson Pacific Properties in a report on Wednesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $15.27.
View Our Latest Analysis on HPP
Hudson Pacific Properties Trading Down 5.1%
The firm has a market capitalization of $570.91 million, a P/E ratio of -1.19, a P/E/G ratio of 0.92 and a beta of 1.96. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.33. The stock has a 50 day simple moving average of $11.83 and a 200-day simple moving average of $10.90.
Hudson Pacific Properties (NYSE:HPP – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share for the quarter, missing the consensus estimate of ($0.72) by ($0.90). The business had revenue of $188.30 million for the quarter, compared to analysts’ expectations of $181.80 million. Hudson Pacific Properties had a negative return on equity of 20.76% and a negative net margin of 70.04%. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. On average, equities research analysts forecast that Hudson Pacific Properties, Inc. will post 1.16 EPS for the current fiscal year.
Insider Activity
In other news, Director Jon Bortz bought 25,000 shares of Hudson Pacific Properties stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average cost of $13.40 per share, with a total value of $335,000.00. Following the completion of the acquisition, the director owned 35,394 shares of the company’s stock, valued at $474,279.60. This trade represents a 240.52% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.47% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Hudson Pacific Properties
Several institutional investors have recently modified their holdings of the stock. IFP Advisors Inc raised its holdings in Hudson Pacific Properties by 4,560.0% during the 2nd quarter. IFP Advisors Inc now owns 1,631 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 1,596 shares during the period. Allied Private Wealth LLC bought a new stake in Hudson Pacific Properties in the second quarter worth $33,000. Pinnacle Wealth Planning Services Inc. lifted its position in Hudson Pacific Properties by 66.3% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 4,300 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 1,715 shares during the last quarter. Allworth Financial LP purchased a new position in Hudson Pacific Properties during the second quarter worth $67,000. Finally, Legal & General Group Plc purchased a new position in Hudson Pacific Properties during the second quarter worth $80,000. 97.58% of the stock is owned by institutional investors.
Hudson Pacific Properties Company Profile
Hudson Pacific Properties, Inc is a real estate investment trust that owns, operates and develops office and studio properties in major technology, media and entertainment markets. The company’s portfolio is focused primarily on the West Coast of the United States and Vancouver, Canada, with properties designed for businesses in the technology, media and creative industries.
Hudson Pacific’s office business includes creative office campuses and traditional office buildings that it leases to companies across sectors such as technology, entertainment and professional services.
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