Hudson Pacific Properties (NYSE:HPP) Stock Price Down 8% – Time to Sell?

Hudson Pacific Properties, Inc. (NYSE:HPP) dropped 8% on Wednesday . The stock traded as low as $13.58 and last traded at $13.4650. 359,591 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 1,332,487 shares. The stock had previously closed at $14.64.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HPP. Zacks Research raised Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd. Cantor Fitzgerald cut their price objective on shares of Hudson Pacific Properties from $13.00 to $10.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Hudson Pacific Properties in a research note on Friday, May 29th. Piper Sandler reiterated a “neutral” rating and set a $12.00 price objective (up from $6.50) on shares of Hudson Pacific Properties in a research note on Thursday, May 28th. Finally, Morgan Stanley decreased their target price on shares of Hudson Pacific Properties from $8.00 to $5.00 and set an “underweight” rating on the stock in a report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $13.48.

Hudson Pacific Properties Stock Down 0.2%

The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.28. The firm has a 50 day moving average of $10.91 and a two-hundred day moving average of $9.52. The firm has a market capitalization of $791.52 million, a price-to-earnings ratio of -1.45, a price-to-earnings-growth ratio of 1.08 and a beta of 1.94.

Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) EPS for the quarter, topping the consensus estimate of ($0.92) by $0.10. Hudson Pacific Properties had a negative return on equity of 19.05% and a negative net margin of 67.89%.The firm had revenue of $181.85 million during the quarter, compared to the consensus estimate of $175.12 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. As a group, sell-side analysts anticipate that Hudson Pacific Properties, Inc. will post 1.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Hudson Pacific Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in 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 valued at $106,133,000 after buying an additional 4,815,234 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of Hudson Pacific Properties by 122.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 15,712,981 shares of the real estate investment trust’s stock valued at $43,054,000 after acquiring an additional 8,646,463 shares during the last quarter. Conversant Capital LLC lifted its stake 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 valued at $29,318,000 after acquiring an additional 7,981,580 shares during the last quarter. Hudson Bay Capital Management LP boosted its holdings in shares of Hudson Pacific Properties by 1.0% during the 3rd 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 in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Hudson Pacific Properties by 25.0% during the 3rd 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 acquiring an additional 1,245,435 shares in the last quarter. Institutional investors own 97.58% of the company’s stock.

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.