Hudson Pacific Properties, Inc. (NYSE:HPP) Receives $14.53 Average Price Target from Analysts

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP) have earned a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, six 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 target price among brokerages that have issued a report on the stock in the last year is $14.3167.

HPP has been the topic of several recent analyst reports. Piper Sandler dropped their price target on Hudson Pacific Properties from $8.00 to $6.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Jefferies Financial Group set a $8.00 price target on Hudson Pacific Properties and gave the stock a “hold” rating in a research report on Friday, March 6th. Wells Fargo & Company dropped their price target on Hudson Pacific Properties from $18.20 to $13.50 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $12.00 price target (up from $7.50) on shares of Hudson Pacific Properties in a research report on Tuesday. Finally, Morgan Stanley dropped their price target on Hudson Pacific Properties from $8.00 to $5.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 31st.

Hudson Pacific Properties Stock Performance

Shares of NYSE HPP opened at $10.93 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.28. The business’s 50 day moving average is $7.78 and its two-hundred day moving average is $9.72. The company has a market cap of $592.63 million, a P/E ratio of -1.08, a P/E/G ratio of 0.80 and a beta of 1.86. Hudson Pacific Properties has a 12 month low of $5.26 and a 12 month high of $21.70.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) EPS for the quarter, topping the consensus estimate of ($0.92) by $0.10. The company had revenue of $181.85 million for the quarter, compared to the consensus estimate of $175.12 million. Hudson Pacific Properties had a negative return on equity of 19.05% and a negative net margin of 67.89%.Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. On average, equities analysts expect that Hudson Pacific Properties will post 1.13 EPS for the current year.

Institutional Trading of Hudson Pacific Properties

Institutional investors and hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. bought a new stake in shares of Hudson Pacific Properties during the third quarter valued at approximately $584,000. Kettle Hill Capital Management LLC increased its position in shares of Hudson Pacific Properties by 436.7% during the third quarter. Kettle Hill Capital Management LLC now owns 4,558,816 shares of the real estate investment trust’s stock valued at $12,582,000 after purchasing an additional 3,709,391 shares during the period. Oasis Management Co Ltd. bought a new stake in shares of Hudson Pacific Properties during the third quarter valued at approximately $1,049,000. Vanguard Group Inc. increased its position in shares of Hudson Pacific Properties by 14.3% during the third quarter. Vanguard Group Inc. now owns 38,453,976 shares of the real estate investment trust’s stock valued at $106,133,000 after purchasing an additional 4,815,234 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Hudson Pacific Properties by 38.1% during the third quarter. JPMorgan Chase & Co. now owns 4,320,823 shares of the real estate investment trust’s stock valued at $11,925,000 after purchasing an additional 1,192,974 shares during the period. 97.58% of the stock is currently 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.