Hudson Pacific Properties, Inc. (NYSE:HPP) Receives Consensus Recommendation of “Hold” from Brokerages

Hudson Pacific Properties, Inc. (NYSE:HPP) has been given an average recommendation of “Hold” by the thirteen ratings firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, six have given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $13.4833.

A number of research analysts have issued reports on the stock. Piper Sandler restated 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. Bank of America restated an “underperform” rating and set a $14.00 price objective on shares of Hudson Pacific Properties in a research report on Tuesday, June 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Hudson Pacific Properties in a report on Friday, May 29th. BMO Capital Markets reiterated a “market perform” rating and issued a $16.00 price target (up from $8.00) on shares of Hudson Pacific Properties in a research note on Monday, June 15th. Finally, Wall Street Zen upgraded shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Sunday.

Institutional Investors Weigh In On Hudson Pacific Properties

A number of large investors have recently bought and sold shares of HPP. Balyasny Asset Management L.P. raised its stake in shares of Hudson Pacific Properties by 122.4% in the second 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 last quarter. Conversant Capital LLC boosted its holdings in shares of Hudson Pacific Properties by 293.6% in 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 buying an additional 7,981,580 shares during the last quarter. Hudson Bay Capital Management LP boosted its stake in Hudson Pacific Properties by 1.0% in the third quarter. Hudson Bay Capital Management LP now owns 6,987,635 shares of the real estate investment trust’s stock valued at $19,286,000 after acquiring an additional 68,089 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Hudson Pacific Properties by 25.0% in the third 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 purchasing an additional 1,245,435 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of Hudson Pacific Properties by 657.0% during the 3rd quarter. UBS Group AG now owns 5,617,697 shares of the real estate investment trust’s stock worth $15,505,000 after acquiring an additional 4,875,549 shares during the period. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Hudson Pacific Properties Stock Performance

Shares of Hudson Pacific Properties stock traded down $0.26 on Friday, hitting $15.15. The stock had a trading volume of 369,061 shares, compared to its average volume of 826,110. The stock has a market cap of $821.79 million, a price-to-earnings ratio of -1.50, a price-to-earnings-growth ratio of 1.22 and a beta of 1.89. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.28. Hudson Pacific Properties has a twelve month low of $5.26 and a twelve month high of $21.70. The business’s 50 day moving average is $13.42 and its two-hundred day moving average is $9.79.

Hudson Pacific Properties (NYSE:HPP) last announced its earnings results 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 company had revenue of $181.85 million during the quarter, compared to analysts’ expectations of $175.12 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. Analysts forecast that Hudson Pacific Properties will post 1.05 EPS for the current year.

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.