Hudson Pacific Properties (NYSE:HPP) Downgraded to “Hold” Rating by Zacks Research

Hudson Pacific Properties (NYSE:HPP) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday, Zacks reports.

A number of other research analysts also recently weighed in on the company. Wall Street Zen downgraded Hudson Pacific Properties from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Bank of America restated an “underperform” rating and issued a $14.00 target price on shares of Hudson Pacific Properties in a research note on Tuesday, June 16th. Piper Sandler upgraded Hudson Pacific Properties from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $16.00 to $18.00 in a research report on Thursday, August 6th. Cantor Fitzgerald upped their price target on Hudson Pacific Properties from $14.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Finally, Morgan Stanley set a $9.00 price target on Hudson Pacific Properties and gave the stock an “underweight” rating in a research note on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $15.82.

Hudson Pacific Properties Trading Down 2.0%

Shares of HPP opened at $11.92 on Tuesday. The firm’s 50-day moving average price is $14.37 and its 200-day moving average price is $11.32. The firm has a market capitalization of $646.74 million, a price-to-earnings ratio of -1.35, a PEG ratio of 1.12 and a beta of 1.89. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.33. Hudson Pacific Properties has a 1-year low of $5.26 and a 1-year high of $21.07.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.90). Hudson Pacific Properties had a negative return on equity of 20.76% and a negative net margin of 70.04%.The company had revenue of $188.30 million during the quarter, compared to the consensus estimate of $181.80 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. Sell-side analysts anticipate that Hudson Pacific Properties will post 1.12 EPS for the current year.

Insider Activity

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

Institutional Trading of Hudson Pacific Properties

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Balyasny Asset Management L.P. raised its holdings in 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 buying an additional 8,646,463 shares during the last quarter. Conversant Capital LLC grew its holdings in shares of Hudson Pacific Properties by 293.6% during the second quarter. Conversant Capital LLC now owns 10,700,000 shares of the real estate investment trust’s stock valued at $29,318,000 after buying an additional 7,981,580 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Hudson Pacific Properties during the second quarter valued at approximately $102,830,000. Sei Investments Co. increased its position in shares of Hudson Pacific Properties by 18,343.2% during the second quarter. Sei Investments Co. now owns 5,571,688 shares of the real estate investment trust’s stock valued at $15,266,000 after acquiring an additional 5,541,478 shares in the last quarter. Finally, UBS Group AG raised its holdings in Hudson Pacific Properties by 657.0% in 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 last quarter. 97.58% of the stock is currently owned by institutional investors.

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.