Hudson Pacific Properties, Inc. (NYSE:HPP) Receives $13.48 Consensus PT from Analysts

Hudson Pacific Properties, Inc. (NYSE:HPP) has been assigned a consensus rating of “Hold” from the thirteen brokerages that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $13.4833.

HPP has been the subject of several recent analyst reports. Bank of America restated an “underperform” rating and set a $14.00 price objective on shares of Hudson Pacific Properties in a research report on Tuesday, June 16th. Wells Fargo & Company lifted their target price on Hudson Pacific Properties from $13.50 to $14.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Wall Street Zen downgraded Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Zacks Research raised shares of Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $12.00 price target (up from $7.50) on shares of Hudson Pacific Properties in a research note on Tuesday, May 19th.

Institutional Investors Weigh In On Hudson Pacific Properties

Institutional investors have recently added to or reduced their stakes in the business. Militia Capital Management LLC bought a new stake in Hudson Pacific Properties in the first quarter valued at approximately $1,904,000. Bank of America Corp DE raised its holdings in Hudson Pacific Properties by 19.7% during the 1st quarter. Bank of America Corp DE now owns 288,272 shares of the real estate investment trust’s stock worth $1,704,000 after purchasing an additional 47,463 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Hudson Pacific Properties by 61.8% in the 1st quarter. California State Teachers Retirement System now owns 82,344 shares of the real estate investment trust’s stock worth $487,000 after purchasing an additional 31,452 shares during the period. Quantinno Capital Management LP boosted its stake in shares of Hudson Pacific Properties by 347.8% in the 1st quarter. Quantinno Capital Management LP now owns 184,034 shares of the real estate investment trust’s stock valued at $1,088,000 after purchasing an additional 142,941 shares during the last quarter. Finally, Saba Capital Management L.P. boosted its stake in shares of Hudson Pacific Properties by 49.8% in the 1st quarter. Saba Capital Management L.P. now owns 831,868 shares of the real estate investment trust’s stock valued at $4,916,000 after purchasing an additional 276,459 shares during the last quarter. 97.58% of the stock is owned by institutional investors.

Hudson Pacific Properties Stock Down 1.3%

HPP stock opened at $16.07 on Friday. Hudson Pacific Properties has a 1-year low of $5.26 and a 1-year high of $21.70. The business’s 50 day simple moving average is $13.06 and its 200 day simple moving average is $9.68. 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 $871.37 million, a PE ratio of -1.59, a PEG ratio of 1.31 and a beta of 1.89.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) EPS for the quarter, beating analysts’ consensus estimates of ($0.92) by $0.10. Hudson Pacific Properties had a negative net margin of 67.89% and a negative return on equity of 19.05%. The business had revenue of $181.85 million for the quarter, compared to analyst estimates of $175.12 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. As a group, research analysts anticipate that Hudson Pacific Properties will post 1.05 EPS for the current year.

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.