Hudson Pacific Properties, Inc. (NYSE:HPP) Sees Large Decline in Short Interest

Hudson Pacific Properties, Inc. (NYSE:HPP) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 6,240,302 shares, a decrease of 83.1% from the November 30th total of 36,992,543 shares. Based on an average daily volume of 1,211,889 shares, the days-to-cover ratio is presently 5.1 days. Approximately 12.0% of the company’s shares are short sold. Approximately 12.0% of the company’s shares are short sold. Based on an average daily volume of 1,211,889 shares, the days-to-cover ratio is presently 5.1 days.

Hedge Funds Weigh In On Hudson Pacific Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HPP. Abel Hall LLC acquired a new position in shares of Hudson Pacific Properties in the 2nd quarter valued at about $28,000. Ethic Inc. acquired a new position in shares of Hudson Pacific Properties in the 3rd quarter valued at $28,000. Evergreen Capital Management LLC purchased a new stake in Hudson Pacific Properties during the second quarter worth $28,000. Orion Porfolio Solutions LLC purchased a new stake in Hudson Pacific Properties during the third quarter worth $28,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Hudson Pacific Properties during the second quarter valued at $29,000. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Stock Up 1.0%

Shares of NYSE:HPP traded up $0.10 during trading on Friday, reaching $10.37. The stock had a trading volume of 796,342 shares, compared to its average volume of 1,342,689. The firm’s 50-day simple moving average is $14.09 and its 200 day simple moving average is $17.18. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.20. Hudson Pacific Properties has a one year low of $9.96 and a one year high of $24.01. The company has a market capitalization of $562.58 million, a P/E ratio of -0.61 and a beta of 1.45.

Hudson Pacific Properties (NYSE:HPP) last posted its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Hudson Pacific Properties had a negative net margin of 59.61% and a negative return on equity of 16.24%. The company had revenue of $186.62 million during the quarter, compared to analysts’ expectations of $186.05 million. Hudson Pacific Properties has set its Q4 2025 guidance at 0.010-0.050 EPS. As a group, research analysts expect that Hudson Pacific Properties will post 0.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HPP shares. Jefferies Financial Group decreased their target price on Hudson Pacific Properties from $17.50 to $16.80 and set a “hold” rating for the company in a research report on Monday, October 13th. Mizuho cut their price target on Hudson Pacific Properties from $21.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Cantor Fitzgerald decreased their price objective on Hudson Pacific Properties from $24.50 to $21.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Citigroup dropped their target price on shares of Hudson Pacific Properties from $20.30 to $13.30 and set a “neutral” rating on the stock in a report on Monday, November 24th. Finally, The Goldman Sachs Group set a $16.50 target price on shares of Hudson Pacific Properties and gave the company a “neutral” rating in a research report on Friday, December 19th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $19.02.

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.