Hudson Pacific Properties (NYSE:HPP) Stock Breaks Below 200-Day Moving Average – Here’s Why

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $10.90 and traded as low as $10.39. Hudson Pacific Properties shares last traded at $10.52, with a volume of 966,531 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HPP. Zacks Research cut shares of Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 8th. The Goldman Sachs Group reiterated a “neutral” rating and set a $16.00 price objective on shares of Hudson Pacific Properties in a research note on Monday, August 10th. Mizuho raised their target price on shares of Hudson Pacific Properties from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Citigroup reaffirmed a “neutral” rating and set a $15.00 price target (up from $13.00) on shares of Hudson Pacific Properties in a report on Thursday, August 13th. Finally, Piper Sandler cut shares of Hudson Pacific Properties from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $15.00 to $13.00 in a research note on Monday, October 19th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $15.27.

Hudson Pacific Properties Stock Down 5.1%

The company has a 50 day simple moving average of $11.83 and a two-hundred day simple moving average of $10.90. The company has a market capitalization of $570.92 million, a P/E ratio of -1.19, a PEG ratio of 0.88 and a beta of 1.96. 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 (NYSE:HPP) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) EPS 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 firm had revenue of $188.30 million for 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. As a group, equities analysts predict that Hudson Pacific Properties, Inc. will post 1.16 EPS for the current year.

Insider Activity

In related news, Director Jon Bortz bought 25,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of $13.40 per share, for a total transaction of $335,000.00. Following the completion of the purchase, the director directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.47% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hudson Pacific Properties

Institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc lifted its position in Hudson Pacific Properties by 4,560.0% in the second quarter. IFP Advisors Inc now owns 1,631 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 1,596 shares during the last quarter. Allied Private Wealth LLC purchased a new position in shares of Hudson Pacific Properties during the second quarter worth about $33,000. Pinnacle Wealth Planning Services Inc. increased its position in shares of Hudson Pacific Properties by 66.3% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 4,300 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,715 shares in the last quarter. Allworth Financial LP acquired a new stake in shares of Hudson Pacific Properties during the second quarter worth about $67,000. Finally, Legal & General Group Plc acquired a new stake in shares of Hudson Pacific Properties during the second quarter worth about $80,000. Institutional investors and hedge funds own 97.58% of the company’s stock.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties, Inc is a real estate investment trust that owns, operates and develops office and studio properties in major technology, media and entertainment markets. The company’s portfolio is focused primarily on the West Coast of the United States and Vancouver, Canada, with properties designed for businesses in the technology, media and creative industries.

Hudson Pacific’s office business includes creative office campuses and traditional office buildings that it leases to companies across sectors such as technology, entertainment and professional services.