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

Hudson Pacific Properties, Inc. (NYSE:HPP)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $15.15, but opened at $14.37. Hudson Pacific Properties shares last traded at $14.8850, with a volume of 66,692 shares changing hands.

Analyst Upgrades and Downgrades

HPP has been the subject of a number of recent analyst reports. Jefferies Financial Group set a $8.00 price objective on shares of Hudson Pacific Properties and gave the company a “hold” rating in a research report on Friday, March 6th. BTIG Research restated a “buy” rating and issued a $26.00 price objective on shares of Hudson Pacific Properties in a research report on Wednesday, May 6th. BMO Capital Markets restated a “market perform” rating and issued a $16.00 price objective (up from $8.00) on shares of Hudson Pacific Properties in a research report on Monday. Citigroup restated a “neutral” rating and issued a $13.00 price objective (up from $8.00) on shares of Hudson Pacific Properties in a research report on Thursday, May 14th. Finally, Wells Fargo & Company raised their price objective on shares of Hudson Pacific Properties from $13.50 to $14.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $13.48.

Hudson Pacific Properties Stock Performance

The stock’s 50-day moving average price is $10.42 and its 200-day moving average price is $9.47. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.65 and a current ratio of 1.65. The company has a market capitalization of $792.66 million, a price-to-earnings ratio of -1.45, a P/E/G ratio of 1.23 and a beta of 1.94.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share (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 company had revenue of $181.85 million during the quarter, compared to the consensus estimate of $175.12 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. As a group, equities research analysts expect that Hudson Pacific Properties, Inc. will post 1.06 earnings per share for the current year.

Institutional Investors Weigh In On Hudson Pacific Properties

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pensionfund Sabic acquired a new stake in shares of Hudson Pacific Properties during the 4th quarter valued at approximately $59,000. Evergreen Capital Management LLC acquired a new stake in shares of Hudson Pacific Properties during the 2nd quarter valued at approximately $28,000. Orion Porfolio Solutions LLC purchased a new position in shares of Hudson Pacific Properties during the 3rd quarter worth approximately $28,000. United Capital Financial Advisors LLC purchased a new position in shares of Hudson Pacific Properties during the 3rd quarter worth approximately $30,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Hudson Pacific Properties during the 3rd quarter worth approximately $32,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

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.