Hudson Pacific Properties (NYSE:HPP) Shares Gap Down – Here’s What Happened

Hudson Pacific Properties, Inc. (NYSE:HPP) shares gapped down before the market opened on Monday. The stock had previously closed at $10.30, but opened at $9.85. Hudson Pacific Properties shares last traded at $9.70, with a volume of 58,431 shares.

Analysts Set New Price Targets

HPP has been the topic of several analyst reports. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $17.00 target price (up from $14.00) on shares of Hudson Pacific Properties in a report on Tuesday, September 1st. Morgan Stanley set a $9.00 price target on shares of Hudson Pacific Properties and gave the stock an “underweight” rating in a report on Wednesday, July 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Hudson Pacific Properties in a research report on Wednesday, August 26th. Zacks Research lowered shares of Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 8th. Finally, Mizuho lifted their price objective on shares of Hudson Pacific Properties from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.27.

Hudson Pacific Properties Price Performance

The company has a 50 day moving average price of $12.52 and a 200 day moving average price of $12.30. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $535.92 million, a PE ratio of -1.12, a PEG ratio of 0.86 and a beta of 1.96.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $188.30 million during the quarter, compared to analyst estimates of $181.80 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. Sell-side analysts expect that Hudson Pacific Properties, Inc. will post 1.15 EPS for the current fiscal year.

Insider Buying and Selling

In other Hudson Pacific Properties news, Director Jon Bortz purchased 25,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of $13.40 per share, with a total value of $335,000.00. Following the purchase, the director owned 35,394 shares in the company, valued at approximately $474,279.60. This represents a 240.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.47% of the company’s stock.

Hedge Funds Weigh In On Hudson Pacific Properties

A number of hedge funds have recently made changes to their positions in the business. Whitebox Advisors LLC boosted its position in shares of Hudson Pacific Properties by 1,618.4% in the first quarter. Whitebox Advisors LLC now owns 189,080 shares of the real estate investment trust’s stock worth $1,117,000 after buying an additional 178,077 shares during the period. Militia Capital Management LLC purchased a new stake in shares of Hudson Pacific Properties during the 1st quarter valued at about $1,904,000. Dimensional Fund Advisors LP raised its holdings in shares of Hudson Pacific Properties by 14.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 705,984 shares of the real estate investment trust’s stock valued at $4,172,000 after buying an additional 89,787 shares during the period. Saba Capital Management L.P. boosted its holdings in 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 worth $4,916,000 after acquiring an additional 276,459 shares during the period. Finally, Bank of America Corp DE purchased a new position in shares of Hudson Pacific Properties in the second quarter valued at $5,138,000. Hedge funds and other institutional investors own 97.58% of the company’s stock.

About Hudson Pacific Properties

Hudson Pacific Properties, Inc is a real estate investment trust (REIT) that owns, operates and develops office and studio properties. The company focuses on high-quality, well-located properties serving media, entertainment, technology and other knowledge-based industries.

Its office portfolio includes creative and traditional office buildings, while its studio platform operates soundstages, production facilities and related infrastructure through the Sunset Studios brand. These facilities support film and television production and are designed to accommodate the evolving needs of media and entertainment companies.

Hudson Pacific Properties primarily serves markets along the U.S.