Hudson Pacific Properties (NYSE:HPP) Price Target Raised to $17.00

Hudson Pacific Properties (NYSE:HPP) had its price target hoisted by Mizuho from $15.00 to $17.00 in a research report sent to investors on Tuesday, Marketbeat reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

A number of other analysts have also recently weighed in on the stock. Bank of America restated an “underperform” rating and issued a $14.00 price target on shares of Hudson Pacific Properties in a report on Tuesday, June 16th. Citigroup reiterated a “neutral” rating and set a $13.00 price objective (up from $8.00) on shares of Hudson Pacific Properties in a research note on Thursday, May 14th. The Goldman Sachs Group reissued a “neutral” rating and set a $12.00 target price (up from $7.50) on shares of Hudson Pacific Properties in a research report on Tuesday, May 19th. Weiss Ratings restated a “sell (d)” rating on shares of Hudson Pacific Properties in a research note on Friday, May 29th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $16.00 price target (up from $8.00) on shares of Hudson Pacific Properties in a report on Monday, June 15th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Hudson Pacific Properties currently has a consensus rating of “Hold” and a consensus target price of $14.32.

Hudson Pacific Properties Stock Up 2.9%

Shares of NYSE HPP opened at $14.86 on Tuesday. Hudson Pacific Properties has a 12-month low of $5.26 and a 12-month high of $21.70. The stock’s fifty day simple moving average is $14.18 and its two-hundred day simple moving average is $10.08. The stock has a market capitalization of $806.22 million, a PE ratio of -1.47, a price-to-earnings-growth ratio of 1.10 and a beta of 1.89. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.28.

Hudson Pacific Properties (NYSE:HPP) last released 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 firm had revenue of $181.85 million during the quarter, compared to analyst estimates 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. As a group, analysts expect that Hudson Pacific Properties will post 1.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Hudson Pacific Properties

A number of large investors have recently modified their holdings of HPP. AQR Capital Management LLC increased its holdings in shares of Hudson Pacific Properties by 140.3% during the first quarter. AQR Capital Management LLC now owns 348,203 shares of the real estate investment trust’s stock valued at $1,027,000 after acquiring an additional 203,283 shares in the last quarter. Caxton Associates LLP acquired a new stake in Hudson Pacific Properties in the 1st quarter worth approximately $82,000. Strs Ohio acquired a new stake in Hudson Pacific Properties in the 1st quarter worth approximately $73,000. Creative Planning grew its position in Hudson Pacific Properties by 25.8% during the 2nd quarter. Creative Planning now owns 46,095 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 9,467 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in Hudson Pacific Properties during the 2nd quarter worth approximately $62,000. Hedge funds and other institutional investors own 97.58% of the company’s stock.

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.