Hudson Pacific Properties (NYSE:HPP) Shares Down 6.8% – Here’s Why

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP) were down 6.8% during mid-day trading on Tuesday . The company traded as low as $9.22 and last traded at $9.2820. Approximately 274,836 shares were traded during trading, a decline of 78% from the average daily volume of 1,233,470 shares. The stock had previously closed at $9.96.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HPP. Piper Sandler reaffirmed a “neutral” rating and set a $11.00 price target on shares of Hudson Pacific Properties in a research note on Monday, January 5th. BMO Capital Markets lowered Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $16.00 to $11.00 in a research report on Friday, January 9th. The Goldman Sachs Group set a $16.50 target price on Hudson Pacific Properties and gave the stock a “neutral” rating in a report on Friday, December 19th. Wells Fargo & Company set a $2.60 price target on shares of Hudson Pacific Properties in a research note on Tuesday, November 25th. Finally, Citigroup lowered their price objective on shares of Hudson Pacific Properties from $20.30 to $13.30 and set a “neutral” rating on the stock in a report on Monday, November 24th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.31.

Hudson Pacific Properties Price Performance

The company has a debt-to-equity ratio of 1.20, a current ratio of 1.78 and a quick ratio of 1.78. The company has a fifty day moving average of $11.91 and a 200-day moving average of $16.24. The firm has a market cap of $501.41 million, a P/E ratio of -0.55 and a beta of 1.49.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Hudson Pacific Properties had a negative net margin of 59.61% and a negative return on equity of 16.24%. The firm had revenue of $186.62 million for the quarter, compared to the consensus estimate of $186.05 million. Hudson Pacific Properties has set its Q4 2025 guidance at 0.010-0.050 EPS. On average, sell-side analysts anticipate that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Hudson Pacific Properties

Several hedge funds have recently modified their holdings of HPP. Abel Hall LLC purchased a new position in shares of Hudson Pacific Properties in the 2nd quarter worth approximately $28,000. Ethic Inc. bought a new stake in Hudson Pacific Properties during the third quarter worth $28,000. Evergreen Capital Management LLC bought a new stake in Hudson Pacific Properties during the second quarter worth $28,000. Orion Porfolio Solutions LLC purchased a new position in Hudson Pacific Properties in the third quarter worth $28,000. Finally, Envestnet Portfolio Solutions Inc. bought a new position in Hudson Pacific Properties in the 2nd quarter valued at $29,000. 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.