Citigroup Cuts Hudson Pacific Properties (NYSE:HPP) Price Target to $1.90

Hudson Pacific Properties (NYSE:HPP) had its target price decreased by Citigroup from $2.90 to $1.90 in a report issued on Monday morning,Benzinga reports. Citigroup currently has a neutral rating on the real estate investment trust’s stock.

HPP has been the topic of several other reports. Jefferies Financial Group dropped their price target on Hudson Pacific Properties from $2.50 to $2.40 and set a “hold” rating on the stock in a research note on Monday, October 13th. Cantor Fitzgerald lowered their price objective on shares of Hudson Pacific Properties from $3.50 to $3.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Wells Fargo & Company dropped their target price on shares of Hudson Pacific Properties from $3.40 to $3.10 and set an “overweight” rating on the stock in a research report on Wednesday, August 27th. The Goldman Sachs Group raised their price target on shares of Hudson Pacific Properties from $2.80 to $3.20 and gave the stock a “neutral” rating in a report on Wednesday, September 17th. Finally, New Street Research set a $2.40 price target on shares of Hudson Pacific Properties in a research note on Monday, October 13th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hudson Pacific Properties has a consensus rating of “Hold” and a consensus price target of $2.97.

Hudson Pacific Properties Stock Up 4.0%

Shares of NYSE HPP opened at $1.96 on Monday. The company’s 50 day moving average price is $2.41 and its 200-day moving average price is $2.50. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.18 and a current ratio of 2.18. Hudson Pacific Properties has a 52-week low of $1.67 and a 52-week high of $3.96. The company has a market capitalization of $741.92 million, a P/E ratio of -0.70 and a beta of 1.62.

Hudson Pacific Properties shares are going to reverse split on the morning of Monday, December 1st. The 1-7 reverse split was announced on Monday, November 17th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, November 28th.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. The firm had revenue of $186.62 million during the quarter, compared to analyst estimates of $186.05 million. Hudson Pacific Properties had a negative return on equity of 15.10% and a negative net margin of 53.76%. Hudson Pacific Properties has set its Q4 2025 guidance at 0.010-0.050 EPS. Equities analysts forecast that Hudson Pacific Properties will post 0.45 earnings per share for the current year.

Institutional Investors Weigh In On Hudson Pacific Properties

Hedge funds and other institutional investors have recently made changes to their positions in the business. Abel Hall LLC bought a new position in Hudson Pacific Properties in the 2nd quarter valued at about $28,000. Ethic Inc. purchased a new stake in shares of Hudson Pacific Properties in the third quarter worth approximately $28,000. Evergreen Capital Management LLC bought a new position in shares of Hudson Pacific Properties in the second quarter valued at approximately $28,000. Orion Porfolio Solutions LLC purchased a new position in shares of Hudson Pacific Properties during the third quarter valued at approximately $28,000. Finally, US Bancorp DE grew its holdings in Hudson Pacific Properties by 1,053.7% during the first quarter. US Bancorp DE now owns 9,772 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 8,925 shares in the last quarter. 97.58% of the stock is owned by institutional investors.

About Hudson Pacific Properties

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.