Hudson Pacific Properties, Inc. (NYSE:HPP – Get Free Report)’s share price shot up 4.4% during mid-day trading on Tuesday . The company traded as high as $13.01 and last traded at $13.1210. 128,815 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 1,157,152 shares. The stock had previously closed at $12.57.
Analysts Set New Price Targets
A number of equities analysts have weighed in on HPP shares. Wall Street Zen downgraded Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. BMO Capital Markets reiterated a “market perform” rating and issued a $16.00 price objective (up from $8.00) on shares of Hudson Pacific Properties in a report on Monday, June 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Hudson Pacific Properties in a research report on Wednesday, August 26th. BTIG Research restated a “buy” rating and set a $26.00 target price on shares of Hudson Pacific Properties in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $16.00 target price on shares of Hudson Pacific Properties in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Hudson Pacific Properties presently has an average rating of “Hold” and a consensus target price of $15.82.
Check Out Our Latest Report on HPP
Hudson Pacific Properties Stock Up 3.3%
Hudson Pacific Properties (NYSE:HPP – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported ($1.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.90). The firm had revenue of $188.30 million during the quarter, compared to analyst estimates of $181.80 million. Hudson Pacific Properties had a negative net margin of 70.04% and a negative return on equity of 20.76%. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. Sell-side analysts predict that Hudson Pacific Properties, Inc. will post 1.12 EPS for the current year.
Insider Activity
In related news, Director Jon E. Bortz purchased 25,000 shares of Hudson Pacific Properties stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average price of $13.40 per share, with a total value of $335,000.00. Following the completion of the transaction, the director directly owned 35,394 shares of the company’s stock, valued at $474,279.60. This represents a 240.52% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.47% of the company’s stock.
Institutional Investors Weigh In On Hudson Pacific Properties
Institutional investors and hedge funds have recently bought and sold shares of the company. Evergreen Capital Management LLC bought a new stake in shares of Hudson Pacific Properties during the 2nd quarter worth approximately $28,000. Orion Porfolio Solutions LLC acquired a new stake in shares of Hudson Pacific Properties in the 3rd quarter valued at $28,000. United Capital Financial Advisors LLC bought a new position in shares of Hudson Pacific Properties in the 3rd quarter valued at $30,000. Integrated Wealth Concepts LLC bought a new position in shares of Hudson Pacific Properties in the 3rd quarter valued at $32,000. Finally, Allied Private Wealth LLC acquired a new position in shares of Hudson Pacific Properties during the 2nd quarter worth $33,000. Institutional investors own 97.58% of the company’s stock.
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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