Zacks Research Upgrades Hudson Pacific Properties (NYSE:HPP) to “Strong-Buy”

Hudson Pacific Properties (NYSE:HPP) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research analysts also recently commented on the company. Citigroup reiterated a “neutral” rating and set a $13.00 target price (up from $8.00) on shares of Hudson Pacific Properties in a research note on Thursday, May 14th. Morgan Stanley set a $9.00 price target on Hudson Pacific Properties and gave the company an “underweight” rating in a research note on Wednesday, July 22nd. Wall Street Zen downgraded Hudson Pacific Properties from a “hold” rating to a “sell” rating in a report on Saturday. Piper Sandler raised shares of Hudson Pacific Properties from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $16.00 to $18.00 in a research report on Thursday, August 6th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Hudson Pacific Properties in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Hudson Pacific Properties currently has a consensus rating of “Hold” and a consensus price target of $15.40.

Hudson Pacific Properties Trading Down 2.5%

Shares of NYSE:HPP opened at $13.30 on Monday. Hudson Pacific Properties has a 52-week low of $5.26 and a 52-week high of $21.70. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.65 and a current ratio of 1.11. The company has a market capitalization 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 company has a 50-day simple moving average of $14.83 and a 200 day simple moving average of $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) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.90). The business had revenue of $188.30 million for the quarter, compared to analyst estimates of $181.80 million. Hudson Pacific Properties had a negative return on equity of 20.76% and a negative net margin of 70.04%.Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. Sell-side analysts forecast that Hudson Pacific Properties will post 1.11 earnings per share for the current year.

Insider Transactions at Hudson Pacific Properties

In other news, Director Jon E. Bortz acquired 25,000 shares of Hudson Pacific Properties stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $13.40 per share, for a total transaction of $335,000.00. Following the completion of the acquisition, the director directly owned 35,394 shares in the company, valued at approximately $474,279.60. The trade was a 240.52% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.47% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hudson Pacific Properties

A number of large investors have recently made changes to their positions in HPP. Allied Private Wealth LLC acquired a new stake in Hudson Pacific Properties during the 2nd quarter worth approximately $33,000. Allworth Financial LP acquired a new position in Hudson Pacific Properties in the 2nd quarter valued at $67,000. Evergreen Capital Management LLC acquired a new position in Hudson Pacific Properties in the 2nd quarter valued at $28,000. Orion Porfolio Solutions LLC bought a new position in Hudson Pacific Properties during the 3rd quarter worth $28,000. Finally, United Capital Financial Advisors LLC bought a new position in Hudson Pacific Properties during the 3rd quarter worth $30,000. 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.