Hudson Pacific Properties (NYSE:HPP) Stock Passes Above 200 Day Moving Average – Here’s Why

Hudson Pacific Properties, Inc. (NYSE:HPP) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.53 and traded as high as $15.70. Hudson Pacific Properties shares last traded at $15.2310, with a volume of 851,104 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Jefferies Financial Group set a $8.00 target price on shares of Hudson Pacific Properties and gave the stock a “hold” rating in a research report on Friday, March 6th. Bank of America reaffirmed an “underperform” rating and issued a $14.00 price objective on shares of Hudson Pacific Properties in a research note on Tuesday, June 16th. Zacks Research upgraded shares of Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd. Morgan Stanley lowered their target price on shares of 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. Finally, 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, May 19th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Hudson Pacific Properties currently has a consensus rating of “Hold” and an average target price of $13.48.

Hudson Pacific Properties Trading Up 5.1%

The company’s fifty day moving average is $12.40 and its 200-day moving average is $9.55. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $917.09 million, a P/E ratio of -1.67, a P/E/G ratio of 1.22 and a beta of 1.89.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.10. The firm had revenue of $181.85 million during the quarter, compared to analyst estimates of $175.12 million. Hudson Pacific Properties had a negative net margin of 67.89% and a negative return on equity of 19.05%. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. As a group, sell-side analysts anticipate that Hudson Pacific Properties, Inc. will post 1.06 earnings per share for the current fiscal year.

Institutional Trading of Hudson Pacific Properties

Hedge funds have recently bought and sold shares of the stock. Oasis Management Co Ltd. acquired a new stake in Hudson Pacific Properties during the third quarter worth about $1,049,000. Kettle Hill Capital Management LLC lifted its position in shares of Hudson Pacific Properties by 436.7% in the 3rd quarter. Kettle Hill Capital Management LLC now owns 4,558,816 shares of the real estate investment trust’s stock worth $12,582,000 after acquiring an additional 3,709,391 shares during the period. 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. JPMorgan Chase & Co. lifted its position in Hudson Pacific Properties by 38.1% in the third quarter. JPMorgan Chase & Co. now owns 4,320,823 shares of the real estate investment trust’s stock worth $11,925,000 after purchasing an additional 1,192,974 shares during the period. Finally, Algert Global LLC raised its stake in shares of Hudson Pacific Properties by 193.8% in the 3rd quarter. Algert Global LLC now owns 3,577,833 shares of the real estate investment trust’s stock valued at $9,875,000 after buying an additional 2,359,961 shares in the last quarter. 97.58% of the stock is owned by institutional investors.

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.