Hudson Pacific Properties (NYSE:HPP) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen lowered shares of Hudson Pacific Properties (NYSE:HPP) from a hold rating to a sell rating in a research note issued to investors on Saturday.

HPP has been the subject of a number of other research reports. Piper Sandler decreased their target price on Hudson Pacific Properties from $8.00 to $6.50 and set a “neutral” rating for the company in a report on Wednesday, April 1st. Zacks Research upgraded Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd. Morgan Stanley decreased their price objective on Hudson Pacific Properties from $8.00 to $5.00 and set an “underweight” rating for the company in a report on Tuesday, March 31st. Jefferies Financial Group set a $8.00 price objective on Hudson Pacific Properties and gave the stock a “hold” rating in a report on Friday, March 6th. Finally, Wells Fargo & Company decreased their price objective on Hudson Pacific Properties from $18.20 to $13.50 and set an “overweight” rating for the company in a report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $14.53.

Hudson Pacific Properties Price Performance

Shares of Hudson Pacific Properties stock opened at $11.28 on Friday. The company has a quick ratio of 1.78, a current ratio of 1.65 and a debt-to-equity ratio of 1.28. The company has a market cap of $611.56 million, a PE ratio of -1.12, a P/E/G ratio of 0.84 and a beta of 1.86. The business has a 50 day moving average of $7.56 and a 200 day moving average of $9.81. Hudson Pacific Properties has a 52 week low of $5.26 and a 52 week high of $21.70.

Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) EPS for the quarter, beating analysts’ consensus estimates of ($0.92) by $0.10. The company had revenue of $181.85 million during the quarter, compared to the consensus estimate of $175.12 million. Hudson Pacific Properties had a negative return on equity of 19.05% and a negative net margin of 67.89%.Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. As a group, equities research analysts forecast that Hudson Pacific Properties will post 1.13 earnings per share for the current year.

Hedge Funds Weigh In On Hudson Pacific Properties

A number of institutional investors have recently added to or reduced their stakes in HPP. 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 purchasing an additional 8,646,463 shares in the last quarter. Conversant Capital LLC grew its stake in shares of Hudson Pacific Properties by 293.6% in the second quarter. Conversant Capital LLC now owns 10,700,000 shares of the real estate investment trust’s stock worth $29,318,000 after acquiring an additional 7,981,580 shares during the last quarter. Sei Investments Co. grew its stake in shares of Hudson Pacific Properties by 18,343.2% in the second quarter. Sei Investments Co. now owns 5,571,688 shares of the real estate investment trust’s stock worth $15,266,000 after acquiring an additional 5,541,478 shares during the last quarter. UBS Group AG grew its stake in shares of Hudson Pacific Properties by 657.0% in the third 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. Finally, Vanguard Group Inc. grew its stake in shares of Hudson Pacific Properties by 14.3% in the third quarter. Vanguard Group Inc. now owns 38,453,976 shares of the real estate investment trust’s stock worth $106,133,000 after acquiring an additional 4,815,234 shares during the last quarter. 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.