Piper Sandler Cuts Hudson Pacific Properties (NYSE:HPP) Price Target to $6.50

Hudson Pacific Properties (NYSE:HPP) had its target price cut by Piper Sandler from $8.00 to $6.50 in a research report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Several other research analysts also recently commented on HPP. Morgan Stanley decreased their price objective on Hudson Pacific Properties from $8.00 to $5.00 and set an “underweight” rating on the stock in a research note on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hudson Pacific Properties in a research note on Monday, December 29th. The Goldman Sachs Group set a $14.50 target price on shares of Hudson Pacific Properties and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Zacks Research raised shares of Hudson Pacific Properties from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Finally, Wall Street Zen upgraded shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.11.

Hudson Pacific Properties Trading Down 0.3%

NYSE:HPP opened at $5.63 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.78 and a quick ratio of 1.78. The firm has a market capitalization of $305.59 million, a price-to-earnings ratio of -0.43, a price-to-earnings-growth ratio of 0.59 and a beta of 1.51. Hudson Pacific Properties has a one year low of $5.26 and a one year high of $21.70. The business has a fifty day moving average price of $6.85 and a 200-day moving average price of $11.83.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Thursday, February 26th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. Hudson Pacific Properties had a negative return on equity of 19.89% and a negative net margin of 69.12%.The company had revenue of $256.03 million for the quarter, compared to the consensus estimate of $168.02 million. Hudson Pacific Properties has set its FY 2026 guidance at 0.960-1.060 EPS. Sell-side analysts forecast that Hudson Pacific Properties will post 0.45 EPS for the current year.

Institutional Trading of Hudson Pacific Properties

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Hudson Pacific Properties by 14.3% during the 3rd quarter. Vanguard Group Inc. now owns 38,453,976 shares of the real estate investment trust’s stock valued at $106,133,000 after purchasing an additional 4,815,234 shares during the period. Balyasny Asset Management L.P. boosted its stake in 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 worth $43,054,000 after purchasing an additional 8,646,463 shares during the period. Principal Financial Group Inc. grew its holdings in Hudson Pacific Properties by 20.1% during the 3rd quarter. Principal Financial Group Inc. now owns 12,196,771 shares of the real estate investment trust’s stock valued at $33,663,000 after buying an additional 2,039,627 shares in the last quarter. Conversant Capital LLC grew its holdings in Hudson Pacific Properties by 293.6% during 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 buying an additional 7,981,580 shares in the last quarter. Finally, Hudson Bay Capital Management LP raised its position in shares of Hudson Pacific Properties by 1.0% during the third 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 buying an additional 68,089 shares during the last quarter. Hedge funds and other 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.