Hudson Pacific Properties, Inc. (NYSE:HPP) Given Average Rating of “Hold” by Analysts

Hudson Pacific Properties, Inc. (NYSE:HPPGet Free Report) has received an average rating of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $15.8167.

A number of research firms have issued reports on HPP. Morgan Stanley set a $9.00 target price on shares of Hudson Pacific Properties and gave the stock an “underweight” rating in a report on Wednesday, July 22nd. Zacks Research lowered Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 8th. Piper Sandler upgraded Hudson Pacific Properties from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $16.00 to $18.00 in a report on Thursday, August 6th. The Goldman Sachs Group reissued a “neutral” rating and set a $16.00 target price on shares of Hudson Pacific Properties in a research note on Monday, August 10th. Finally, BMO Capital Markets restated a “market perform” rating and set a $16.00 price target (up from $8.00) on shares of Hudson Pacific Properties in a report on Monday, June 15th.

Check Out Our Latest Report on HPP

Insiders Place Their Bets

In other Hudson Pacific Properties news, Director Jon Bortz bought 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $13.40 per share, for a total transaction of $335,000.00. Following the completion of the purchase, the director directly owned 35,394 shares in the company, valued at $474,279.60. This trade represents a 240.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.47% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hudson Pacific Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HPP. IFP Advisors Inc raised its stake in Hudson Pacific Properties by 4,560.0% during the 2nd quarter. IFP Advisors Inc now owns 1,631 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,596 shares during the last quarter. Allied Private Wealth LLC bought a new position in shares of Hudson Pacific Properties during the 2nd quarter worth about $33,000. Allworth Financial LP bought a new stake in shares of Hudson Pacific Properties in the second quarter valued at about $67,000. Legal & General Group Plc acquired a new stake in Hudson Pacific Properties during the second quarter worth about $80,000. Finally, Integrated Wealth Concepts LLC bought a new position in Hudson Pacific Properties during the second quarter valued at about $119,000. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Stock Performance

NYSE HPP opened at $12.07 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $655.31 million, a P/E ratio of -1.36, a P/E/G ratio of 1.13 and a beta of 1.89. Hudson Pacific Properties has a 12-month low of $5.26 and a 12-month high of $20.06. The firm has a 50-day moving average price of $13.63 and a two-hundred day moving average price of $11.63.

Hudson Pacific Properties (NYSE:HPPGet Free Report) last posted 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. Analysts anticipate that Hudson Pacific Properties will post 1.12 earnings per share for the current year.

Hudson Pacific Properties Company Profile

(Get Free Report)

Hudson Pacific Properties, Inc (NYSE:HPP) is a real estate investment trust that owns, operates and develops office and studio properties. The company focuses on properties serving technology, media and entertainment tenants, with offerings that include creative office space, soundstages, production facilities and related studio infrastructure.

Hudson Pacific’s portfolio is concentrated in major markets along the West Coast of the United States and in Vancouver, British Columbia. Its studio operations are conducted under the Sunset Studios brand and support film and television production through soundstages, production offices and other specialized facilities.

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Analyst Recommendations for Hudson Pacific Properties (NYSE:HPP)

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