Hudson Pacific Properties, Inc. (NYSE:HPP – Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $12.61, but opened at $11.96. Hudson Pacific Properties shares last traded at $12.1610, with a volume of 37,217 shares traded.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company reiterated an “overweight” rating and set a $17.00 price objective (up from $14.00) on shares of Hudson Pacific Properties in a research note on Tuesday, September 1st. Citigroup restated a “neutral” rating and set a $15.00 target price (up from $13.00) on shares of Hudson Pacific Properties in a report on Thursday, August 13th. Morgan Stanley set a $9.00 price target on shares of Hudson Pacific Properties and gave the company an “underweight” rating in a research note on Wednesday, July 22nd. Cantor Fitzgerald lifted their price objective on shares of Hudson Pacific Properties from $14.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Finally, BMO Capital Markets restated a “market perform” rating and set a $16.00 price objective (up from $8.00) on shares of Hudson Pacific Properties in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.82.
View Our Latest Research Report on HPP
Hudson Pacific Properties Trading Down 2.5%
Hudson Pacific Properties (NYSE:HPP – Get Free Report) last issued its quarterly earnings results 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 company had revenue of $188.30 million during the quarter, compared to the consensus estimate of $181.80 million. Hudson Pacific Properties had a negative return on equity of 20.76% and a negative net margin of 70.04%.Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. Research analysts predict that Hudson Pacific Properties, Inc. will post 1.12 earnings per share for the current year.
Insider Buying and Selling at Hudson Pacific Properties
In related news, Director Jon Bortz purchased 25,000 shares of Hudson Pacific Properties stock in a transaction dated Tuesday, August 11th. The shares were bought at an average cost of $13.40 per share, for a total transaction of $335,000.00. Following the purchase, the director owned 35,394 shares in the company, valued at approximately $474,279.60. This trade represents a 240.52% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.47% of the company’s stock.
Hedge Funds Weigh In On Hudson Pacific Properties
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Resona Asset Management Co. Ltd. lifted its stake in shares of Hudson Pacific Properties by 8.4% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 24,670 shares of the real estate investment trust’s stock valued at $147,000 after acquiring an additional 1,918 shares during the last quarter. Allied Private Wealth LLC acquired a new position in Hudson Pacific Properties in the 2nd quarter worth about $33,000. Cetera Investment Advisers increased its holdings in Hudson Pacific Properties by 18.0% in the 1st quarter. Cetera Investment Advisers now owns 16,317 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 2,485 shares in the last quarter. Sanctuary Advisors LLC raised its position in Hudson Pacific Properties by 29.3% in the first quarter. Sanctuary Advisors LLC now owns 15,075 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 3,414 shares during the last quarter. Finally, Allworth Financial LP bought a new position in Hudson Pacific Properties in the second quarter valued at about $67,000. Institutional investors 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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