Hudson Pacific Properties (NYSE:HPP) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Hudson Pacific Properties (NYSE:HPP) from a hold rating to a strong-buy rating in a report issued on Monday,Zacks.com reports.

Several other equities research analysts also recently commented on the stock. BTIG Research reaffirmed a “buy” rating and issued a $26.00 target price on shares of Hudson Pacific Properties in a research note on Wednesday, May 6th. Wells Fargo & Company lifted their price target on shares of Hudson Pacific Properties from $13.50 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Hudson Pacific Properties in a report on Friday, May 29th. Cantor Fitzgerald upped their price objective on shares of Hudson Pacific Properties from $14.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Finally, Bank of America restated an “underperform” rating and issued a $14.00 price objective on shares of Hudson Pacific Properties in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.40.

Hudson Pacific Properties Price Performance

Shares of HPP opened at $13.30 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.65 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 $21.70. The stock has a market cap of $721.61 million, a P/E ratio of -1.50, a price-to-earnings-growth ratio of 1.04 and a beta of 1.90. The stock’s 50-day moving average price is $14.83 and its two-hundred day moving average price is $10.47.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly 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). The company had revenue of $188.30 million during the quarter, compared to the consensus estimate of $181.80 million. Hudson Pacific Properties had a negative net margin of 70.04% and a negative return on equity of 20.76%. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. On average, equities analysts predict that Hudson Pacific Properties will post 1.11 earnings per share for the current year.

Insiders Place Their Bets

In other Hudson Pacific Properties news, Director Jon E. Bortz purchased 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $13.40 per share, with a total value of $335,000.00. Following the purchase, the director directly owned 35,394 shares of the company’s stock, valued at $474,279.60. The trade was a 240.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 2.47% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hudson Pacific Properties

A number of large investors have recently modified their holdings of HPP. Allied Private Wealth LLC acquired a new stake in shares of Hudson Pacific Properties in the second quarter valued at about $33,000. Allworth Financial LP acquired a new position in Hudson Pacific Properties during the second quarter valued at approximately $67,000. Evergreen Capital Management LLC acquired a new position in Hudson Pacific Properties during the second quarter valued at approximately $28,000. Orion Porfolio Solutions LLC bought a new position in Hudson Pacific Properties in the third quarter valued at approximately $28,000. Finally, United Capital Financial Advisors LLC bought a new position in Hudson Pacific Properties in the third quarter valued at approximately $30,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

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.