Hudson Pacific Properties (NYSE:HPP) Shares Up 10.1% – Time to Buy?

Hudson Pacific Properties, Inc. (NYSE:HPP)’s stock price shot up 10.1% during trading on Wednesday . The company traded as high as $15.43 and last traded at $15.3850. Approximately 440,075 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 1,216,333 shares. The stock had previously closed at $13.98.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HPP. BMO Capital Markets restated a “market perform” rating and set a $16.00 target price (up from $8.00) on shares of Hudson Pacific Properties in a research report on Monday, June 15th. Citigroup reiterated a “neutral” rating and issued a $13.00 price target (up from $8.00) on shares of Hudson Pacific Properties in a research report on Thursday, May 14th. Cantor Fitzgerald boosted their price objective on Hudson Pacific Properties from $14.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday. Mizuho upped their price objective on Hudson Pacific Properties from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $12.00 price objective (up from $7.50) on shares of Hudson Pacific Properties in a research note on Tuesday, May 19th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.07.

Hudson Pacific Properties Trading Up 7.6%

The company’s 50 day simple moving average is $14.76 and its 200-day simple moving average is $10.38. The firm has a market cap of $784.47 million, a P/E ratio of -1.64, a P/E/G ratio of 1.11 and a beta of 1.90. The company has a quick ratio of 1.65, a current ratio of 1.11 and a debt-to-equity ratio of 1.33.

Hudson Pacific Properties (NYSE:HPP) last released its 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). Hudson Pacific Properties had a negative net margin of 70.04% and a negative return on equity of 20.76%. The business had revenue of $188.30 million for 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. As a group, research analysts predict that Hudson Pacific Properties, Inc. will post 1.14 earnings per share for the current fiscal year.

Institutional Trading of Hudson Pacific Properties

A number of large investors have recently made changes to their positions in the stock. Resona Asset Management Co. Ltd. raised its holdings in Hudson Pacific Properties by 8.4% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 24,670 shares of the real estate investment trust’s stock worth $147,000 after purchasing an additional 1,918 shares during the period. Allied Private Wealth LLC acquired a new stake in Hudson Pacific Properties in the second quarter valued at approximately $33,000. Cetera Investment Advisers increased its position in shares of Hudson Pacific Properties by 18.0% in the first quarter. Cetera Investment Advisers now owns 16,317 shares of the real estate investment trust’s stock valued at $96,000 after buying an additional 2,485 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of Hudson Pacific Properties by 29.3% in the first quarter. Sanctuary Advisors LLC now owns 15,075 shares of the real estate investment trust’s stock valued at $89,000 after buying an additional 3,414 shares in the last quarter. Finally, State of Wyoming raised its stake in shares of Hudson Pacific Properties by 22.5% during the 1st quarter. State of Wyoming now owns 30,214 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 5,543 shares during the period. 97.58% of the stock is owned by hedge funds and other institutional investors.

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.