Hudson Pacific Properties (NYSE:HPP) Stock Price Down 8% – Time to Sell?

Hudson Pacific Properties, Inc. (NYSE:HPPGet Free Report)’s stock price was down 8% during trading on Wednesday . The stock traded as low as $13.58 and last traded at $13.4650. Approximately 359,591 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 1,332,487 shares. The stock had previously closed at $14.64.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. BMO Capital Markets reiterated a “market perform” rating and set a $16.00 price objective (up from $8.00) on shares of Hudson Pacific Properties in a research report on Monday. Wall Street Zen cut Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Cantor Fitzgerald cut their target price on Hudson Pacific Properties from $13.00 to $10.00 and set an “overweight” rating on the stock in a research note on Monday, March 2nd. Bank of America reiterated an “underperform” rating and set a $14.00 price target on shares of Hudson Pacific Properties in a research report on Tuesday. Finally, Zacks Research raised Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 3rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Hudson Pacific Properties presently has an average rating of “Hold” and a consensus price target of $13.48.

Check Out Our Latest Analysis on Hudson Pacific Properties

Hudson Pacific Properties Stock Performance

The stock has a market cap of $726.17 million, a price-to-earnings ratio of -1.33, a PEG ratio of 1.21 and a beta of 1.94. The company’s 50 day simple moving average is $10.60 and its 200 day simple moving average is $9.51. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.65 and a current ratio of 1.65.

Hudson Pacific Properties (NYSE:HPPGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.10. The company had revenue of $181.85 million during the quarter, compared to analyst estimates of $175.12 million. Hudson Pacific Properties had a negative net margin of 67.89% and a negative return on equity of 19.05%. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. On average, equities research analysts anticipate that Hudson Pacific Properties, Inc. will post 1.06 earnings per share for the current year.

Hedge Funds Weigh In On Hudson Pacific Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. raised its position in Hudson Pacific Properties by 122.4% in the second quarter. Balyasny Asset Management L.P. now owns 15,712,981 shares of the real estate investment trust’s stock worth $43,054,000 after acquiring an additional 8,646,463 shares in the last quarter. Conversant Capital LLC boosted its position in shares of Hudson Pacific Properties by 293.6% during the 2nd quarter. Conversant Capital LLC now owns 10,700,000 shares of the real estate investment trust’s stock valued at $29,318,000 after purchasing an additional 7,981,580 shares in the last quarter. Sei Investments Co. boosted its position in shares of Hudson Pacific Properties by 18,343.2% during the 2nd quarter. Sei Investments Co. now owns 5,571,688 shares of the real estate investment trust’s stock valued at $15,266,000 after purchasing an additional 5,541,478 shares in the last quarter. UBS Group AG grew its stake in shares of Hudson Pacific Properties by 657.0% in the 3rd quarter. UBS Group AG now owns 5,617,697 shares of the real estate investment trust’s stock worth $15,505,000 after purchasing an additional 4,875,549 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Hudson Pacific Properties by 14.3% in the 3rd quarter. Vanguard Group Inc. now owns 38,453,976 shares of the real estate investment trust’s stock worth $106,133,000 after purchasing an additional 4,815,234 shares during the last quarter. 97.58% of the stock is owned by institutional investors.

Hudson Pacific Properties Company Profile

(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

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