Hudson Pacific Properties (NYSE:HPP) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Hudson Pacific Properties (NYSE:HPP) from a sell rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

Several other equities research analysts also recently commented on the stock. Morgan Stanley set a $9.00 price objective on shares of Hudson Pacific Properties and gave the company an “underweight” rating in a report on Wednesday, July 22nd. Cantor Fitzgerald boosted their price target on shares of Hudson Pacific Properties from $14.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Citigroup restated a “neutral” rating and set a $15.00 price target (up from $13.00) on shares of Hudson Pacific Properties in a research note on Thursday, August 13th. Piper Sandler raised shares of Hudson Pacific Properties from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $16.00 to $18.00 in a report on Thursday, August 6th. Finally, Zacks Research lowered shares of Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 8th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.82.

Hudson Pacific Properties Price Performance

Shares of NYSE HPP opened at $12.28 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.33. The stock has a fifty day simple moving average of $14.17 and a two-hundred day simple moving average of $11.37. Hudson Pacific Properties has a 1-year low of $5.26 and a 1-year high of $21.07. The firm has a market cap of $666.27 million, a price-to-earnings ratio of -1.39, a price-to-earnings-growth ratio of 1.13 and a beta of 1.89.

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

Insiders Place Their Bets

In other Hudson Pacific Properties news, Director Jon Bortz bought 25,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average cost of $13.40 per share, for a total transaction of $335,000.00. Following the purchase, the director directly owned 35,394 shares of the company’s stock, valued at $474,279.60. The trade was 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. 2.47% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. WINTON GROUP Ltd purchased a new position in shares of Hudson Pacific Properties during the second quarter worth about $1,092,000. Integrated Wealth Concepts LLC purchased a new stake in Hudson Pacific Properties in the second quarter valued at approximately $119,000. IFP Advisors Inc lifted its position in Hudson Pacific Properties by 4,560.0% during the second quarter. IFP Advisors Inc now owns 1,631 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,596 shares during the last quarter. Allworth Financial LP lifted its position in Hudson Pacific Properties by 601.3% during the second quarter. Allworth Financial LP now owns 4,425 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 3,794 shares during the last quarter. Finally, Corient Private Wealth LP bought a new stake in Hudson Pacific Properties during the second quarter valued at approximately $333,000. Hedge funds and other institutional investors own 97.58% of the company’s stock.

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.