Hudson Pacific Properties (NYSE:HPP) Shares Up 4.4% – Still a Buy?

Hudson Pacific Properties, Inc. (NYSE:HPP) shares shot up 4.4% during mid-day trading on Tuesday . The company traded as high as $13.01 and last traded at $13.1210. 128,815 shares were traded during mid-day trading, a decline of 89% from the average session volume of 1,157,152 shares. The stock had previously closed at $12.57.

Analyst Ratings Changes

A number of brokerages have recently commented on HPP. Cantor Fitzgerald upped their price target on Hudson Pacific Properties from $14.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Zacks Research raised shares of Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Piper Sandler raised shares of Hudson Pacific Properties from a “neutral” rating to an “overweight” rating and increased their price target for the company from $16.00 to $18.00 in a report on Thursday, August 6th. Weiss Ratings restated a “sell (d)” rating on shares of Hudson Pacific Properties in a research report on Wednesday, August 26th. Finally, BTIG Research restated a “buy” rating and set a $26.00 price objective on shares of Hudson Pacific Properties in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $15.82.

Hudson Pacific Properties Price Performance

The stock has a market cap of $711.68 million, a price-to-earnings ratio of -1.48, a price-to-earnings-growth ratio of 1.19 and a beta of 1.89. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.33. The company’s 50-day moving average is $14.65 and its 200-day moving average is $11.11.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share for the quarter, missing the consensus estimate of ($0.72) by ($0.90). Hudson Pacific Properties had a negative net margin of 70.04% and a negative return on equity of 20.76%. The company had revenue of $188.30 million during the quarter, compared to the consensus estimate of $181.80 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. Equities research analysts expect that Hudson Pacific Properties, Inc. will post 1.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jon E. Bortz acquired 25,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of $13.40 per share, with a total value of $335,000.00. Following the completion of the purchase, the director owned 35,394 shares of the company’s stock, valued at $474,279.60. This represents a 240.52% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.47% of the company’s stock.

Institutional Investors Weigh In On Hudson Pacific Properties

Hedge funds and other institutional investors have recently bought and sold shares of the business. Balyasny Asset Management L.P. grew its holdings in shares of Hudson Pacific Properties by 122.4% during the second 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 last quarter. Conversant Capital LLC raised its holdings in shares of Hudson Pacific Properties by 293.6% in the second 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 during the last quarter. BlackRock Inc. acquired a new position in Hudson Pacific Properties during the 2nd quarter worth about $102,830,000. Sei Investments Co. grew its holdings in Hudson Pacific Properties by 18,343.2% during the 2nd quarter. Sei Investments Co. now owns 5,571,688 shares of the real estate investment trust’s stock worth $15,266,000 after acquiring an additional 5,541,478 shares during the last quarter. Finally, UBS Group AG grew its holdings in Hudson Pacific Properties by 657.0% during the 3rd quarter. UBS Group AG now owns 5,617,697 shares of the real estate investment trust’s stock worth $15,505,000 after acquiring an additional 4,875,549 shares during the last quarter. 97.58% of the stock is owned by institutional investors and hedge funds.

Hudson Pacific Properties Company Profile

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.