Hudson Pacific Properties, Inc. (NYSE:HPP – Get Free Report)’s share price traded up 7% during trading on Wednesday . The stock traded as high as $16.31 and last traded at $16.6320. 79,023 shares changed hands during trading, a decline of 94% from the average session volume of 1,269,723 shares. The stock had previously closed at $15.54.
Wall Street Analysts Forecast Growth
HPP has been the topic of several research reports. BTIG Research reiterated a “buy” rating and issued a $26.00 price objective on shares of Hudson Pacific Properties in a report on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $12.00 target price (up from $7.50) on shares of Hudson Pacific Properties in a research report on Tuesday, May 19th. Piper Sandler reissued a “neutral” rating and set a $12.00 target price (up from $6.50) on shares of Hudson Pacific Properties in a research report on Thursday, May 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hudson Pacific Properties in a research note on Friday, May 29th. Finally, Citigroup reiterated a “neutral” rating and issued a $13.00 price objective (up from $8.00) on shares of Hudson Pacific Properties in a report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $13.48.
View Our Latest Analysis on HPP
Hudson Pacific Properties Trading Up 2.9%
Hudson Pacific Properties (NYSE:HPP – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $181.85 million during the quarter, compared to the consensus estimate of $175.12 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. On average, equities research analysts forecast that Hudson Pacific Properties, Inc. will post 1.05 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Balyasny Asset Management L.P. raised its position in Hudson Pacific Properties by 122.4% in the 2nd 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 purchasing an additional 8,646,463 shares during the period. Conversant Capital LLC lifted its stake 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 worth $29,318,000 after acquiring an additional 7,981,580 shares during the last quarter. Hudson Bay Capital Management LP lifted its stake in shares of Hudson Pacific Properties by 1.0% during the 3rd quarter. Hudson Bay Capital Management LP now owns 6,987,635 shares of the real estate investment trust’s stock worth $19,286,000 after acquiring an additional 68,089 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Hudson Pacific Properties by 25.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,225,104 shares of the real estate investment trust’s stock valued at $17,181,000 after acquiring an additional 1,245,435 shares during the period. Finally, UBS Group AG grew its position in 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 valued at $15,505,000 after acquiring an additional 4,875,549 shares during the last quarter. 97.58% of the stock is owned by hedge funds and other institutional investors.
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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