Hudson Pacific Properties (NYSE:HPP – Get Free Report) had its price target hoisted by equities research analysts at Mizuho from $15.00 to $17.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price target would indicate a potential upside of 15.20% from the company’s previous close.
Several other equities analysts also recently commented on the company. Wall Street Zen upgraded Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Bank of America reissued an “underperform” rating and set a $14.00 price objective on shares of Hudson Pacific Properties in a report on Tuesday, June 16th. BTIG Research restated a “buy” rating and issued a $26.00 target price on shares of Hudson Pacific Properties in a research note on Wednesday, May 6th. Wells Fargo & Company boosted their target price on shares of Hudson Pacific Properties from $13.50 to $14.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, Zacks Research cut shares of Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.65.
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Hudson Pacific Properties Stock Down 6.1%
Hudson Pacific Properties (NYSE:HPP – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported ($0.82) EPS for the quarter, topping 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 company 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, analysts anticipate that Hudson Pacific Properties will post 1.05 EPS for the current year.
Hedge Funds Weigh In On Hudson Pacific Properties
Several hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in Hudson Pacific Properties by 38.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,320,823 shares of the real estate investment trust’s stock worth $11,925,000 after acquiring an additional 1,192,974 shares during the last quarter. Purpose Unlimited Inc. acquired a new stake in Hudson Pacific Properties in the fourth quarter worth $4,739,000. Inspire Investing LLC boosted its position in shares of Hudson Pacific Properties by 98.2% during the first quarter. Inspire Investing LLC now owns 84,807 shares of the real estate investment trust’s stock worth $501,000 after purchasing an additional 42,021 shares in the last quarter. Whitebox Advisors LLC grew its holdings in shares of Hudson Pacific Properties by 1,618.4% in the 1st quarter. Whitebox Advisors LLC now owns 189,080 shares of the real estate investment trust’s stock valued at $1,117,000 after buying an additional 178,077 shares during the period. Finally, Militia Capital Management LLC acquired a new position in shares of Hudson Pacific Properties in the 1st quarter valued at $1,765,000. Institutional investors and hedge funds own 97.58% of the company’s stock.
Hudson Pacific Properties Company Profile
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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