Wedbush Has Optimistic Outlook of HPP FY2025 Earnings

Hudson Pacific Properties, Inc. (NYSE:HPP) – Analysts at Wedbush raised their FY2025 earnings estimates for Hudson Pacific Properties in a research report issued on Wednesday, November 13th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will post earnings per share of $0.59 for the year, up from their previous estimate of $0.57. The consensus estimate for Hudson Pacific Properties’ current full-year earnings is $0.52 per share.

Other equities analysts also recently issued research reports about the company. Piper Sandler lowered their price objective on Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating on the stock in a research note on Friday. BMO Capital Markets cut shares of Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $8.00 to $6.00 in a research report on Thursday, August 8th. Jefferies Financial Group cut shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating and cut their price objective for the stock from $5.50 to $5.00 in a research report on Tuesday, November 12th. Bank of America decreased their target price on shares of Hudson Pacific Properties from $4.50 to $4.00 and set an “underperform” rating on the stock in a report on Thursday, August 22nd. Finally, The Goldman Sachs Group reduced their price target on shares of Hudson Pacific Properties from $6.50 to $4.70 and set a “neutral” rating on the stock in a research report on Wednesday, August 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Hudson Pacific Properties has an average rating of “Hold” and an average price target of $6.17.

Hudson Pacific Properties Trading Down 8.3 %

HPP opened at $3.38 on Monday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.47. The company’s 50 day simple moving average is $4.57 and its two-hundred day simple moving average is $4.92. The firm has a market capitalization of $476.65 million, a price-to-earnings ratio of -1.61 and a beta of 1.31. Hudson Pacific Properties has a 1-year low of $3.34 and a 1-year high of $9.85.

Hedge Funds Weigh In On Hudson Pacific Properties

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. raised its holdings in Hudson Pacific Properties by 549.1% in the third quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 5,013 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Hudson Pacific Properties in the 3rd quarter valued at $44,000. Stifel Financial Corp purchased a new stake in shares of Hudson Pacific Properties during the 3rd quarter worth $48,000. Key Client Fiduciary Advisors LLC purchased a new stake in shares of Hudson Pacific Properties during the 2nd quarter worth $53,000. Finally, MQS Management LLC acquired a new position in shares of Hudson Pacific Properties during the third quarter worth $58,000. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Insider Buying and Selling

In other news, Director Jonathan M. Glaser sold 9,287 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $5.20, for a total transaction of $48,292.40. Following the sale, the director now owns 3,713 shares of the company’s stock, valued at approximately $19,307.60. This represents a 71.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Andy Wattula sold 9,356 shares of Hudson Pacific Properties stock in a transaction on Friday, September 20th. The shares were sold at an average price of $5.28, for a total value of $49,399.68. Following the completion of the transaction, the chief operating officer now owns 61,068 shares of the company’s stock, valued at approximately $322,439.04. This trade represents a 13.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.95% of the stock is owned by corporate insiders.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.