Piper Sandler Cuts Hudson Pacific Properties (NYSE:HPP) Price Target to $2.50

Hudson Pacific Properties (NYSE:HPP) had its target price reduced by Piper Sandler from $3.00 to $2.50 in a research report released on Monday,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Several other analysts also recently issued reports on the company. Wells Fargo & Company cut their price target on Hudson Pacific Properties from $3.40 to $3.10 and set an “overweight” rating on the stock in a report on Wednesday, August 27th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Hudson Pacific Properties in a research note on Wednesday, November 5th. New Street Research set a $2.40 price target on shares of Hudson Pacific Properties in a research report on Monday, October 13th. The Goldman Sachs Group increased their price objective on shares of Hudson Pacific Properties from $2.80 to $3.20 and gave the stock a “neutral” rating in a report on Wednesday, September 17th. Finally, Jefferies Financial Group reduced their target price on shares of Hudson Pacific Properties from $2.50 to $2.40 and set a “hold” rating for the company in a research note on Monday, October 13th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $3.13.

Hudson Pacific Properties Stock Down 0.7%

Shares of NYSE:HPP opened at $2.15 on Monday. The company’s fifty day moving average is $2.63 and its two-hundred day moving average is $2.53. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.18 and a current ratio of 2.18. Hudson Pacific Properties has a 1-year low of $1.78 and a 1-year high of $4.51. The stock has a market capitalization of $813.28 million, a price-to-earnings ratio of -0.76 and a beta of 1.62.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data 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 business 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. Equities analysts anticipate that Hudson Pacific Properties will post 0.45 EPS for the current year.

Institutional Trading of Hudson Pacific Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in HPP. Xponance Inc. boosted its position in shares of 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 in the last quarter. Resona Asset Management Co. Ltd. boosted its stake in shares of Hudson Pacific Properties by 8.8% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 62,503 shares of the real estate investment trust’s stock worth $186,000 after acquiring an additional 5,051 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Hudson Pacific Properties by 1.0% during the third quarter. Envestnet Asset Management Inc. now owns 576,274 shares of the real estate investment trust’s stock valued at $1,591,000 after purchasing an additional 5,544 shares during the last quarter. Ballentine Partners LLC increased its stake in Hudson Pacific Properties by 25.4% in the 3rd quarter. Ballentine Partners LLC now owns 28,201 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 5,709 shares in the last quarter. Finally, Winslow Asset Management Inc. lifted its stake in Hudson Pacific Properties by 15.8% during the first quarter. Winslow Asset Management Inc. now owns 49,030 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 6,685 shares in the last quarter. 97.58% of the stock is currently owned by institutional investors.

Hudson Pacific Properties Company Profile

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.