Hudson Pacific Properties, Inc. (NYSE:HPP) Given Average Recommendation of “Hold” by Analysts

Hudson Pacific Properties, Inc. (NYSE:HPP) has been given an average recommendation of “Hold” by the thirteen brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, five have given a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $15.5667.

Several research analysts recently issued reports on HPP shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $16.00 price target on shares of Hudson Pacific Properties in a research note on Monday, August 10th. Piper Sandler raised shares of Hudson Pacific Properties from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $16.00 to $18.00 in a research note on Thursday, August 6th. Morgan Stanley set a $9.00 price objective on shares of Hudson Pacific Properties and gave the stock an “underweight” rating in a report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hudson Pacific Properties in a research note on Wednesday. Finally, Bank of America reiterated an “underperform” rating and set a $14.00 target price on shares of Hudson Pacific Properties in a report on Tuesday, June 16th.

Hudson Pacific Properties Trading Down 3.2%

NYSE HPP opened at $13.13 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.33. Hudson Pacific Properties has a twelve month low of $5.26 and a twelve month high of $21.70. The firm has a market capitalization of $712.57 million, a PE ratio of -1.48, a P/E/G ratio of 1.04 and a beta of 1.90. The stock’s 50 day moving average is $14.75 and its 200 day moving average is $10.96.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 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. Research analysts forecast that Hudson Pacific Properties will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Hudson Pacific Properties

In related news, Director Jon E. Bortz acquired 25,000 shares of Hudson Pacific Properties stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average price of $13.40 per share, with a total value of $335,000.00. Following the transaction, the director directly owned 35,394 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website. 2.47% of the stock is owned by insiders.

Institutional Investors Weigh In On Hudson Pacific Properties

Hedge funds have recently added to or reduced their stakes in the stock. Allied Private Wealth LLC bought a new position in shares of Hudson Pacific Properties during the second quarter valued at $33,000. Allworth Financial LP purchased a new position in shares of Hudson Pacific Properties in the 2nd quarter worth about $67,000. Legal & General Group Plc bought a new position in Hudson Pacific Properties in the 2nd quarter worth about $80,000. Evergreen Capital Management LLC bought a new position in Hudson Pacific Properties in the 2nd quarter worth about $28,000. Finally, Orion Porfolio Solutions LLC purchased a new stake in Hudson Pacific Properties during the 3rd quarter valued at about $28,000. 97.58% of the stock is owned by institutional investors.

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.