Hudson Pacific Properties (NYSE:HPP) Stock Jumps 7.3% – Here’s Why

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP) traded up 7.3% during trading on Thursday. The stock traded as high as $10.11 and last traded at $10.1550. 169,873 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 1,080,091 shares. The stock had previously closed at $9.46.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Morgan Stanley set a $9.00 price target on Hudson Pacific Properties and gave the company an “underweight” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company reissued an “overweight” rating and set a $17.00 price objective (up from $14.00) on shares of Hudson Pacific Properties in a report on Tuesday, September 1st. Zacks Research cut Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 8th. Wall Street Zen downgraded shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research note on Sunday, September 20th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $16.00 target price on shares of Hudson Pacific Properties in a report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $15.27.

Hudson Pacific Properties Trading Up 3.1%

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 company has a market cap of $591.81 million, a price-to-earnings ratio of -1.23, a price-to-earnings-growth ratio of 0.88 and a beta of 1.96. The business has a 50 day simple moving average of $12.12 and a 200 day simple moving average of $12.40.

Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) EPS for the quarter, missing the consensus estimate of ($0.72) by ($0.90). Hudson Pacific Properties had a negative return on equity of 20.76% and a negative net margin of 70.04%. The business had revenue of $188.30 million for the quarter, compared to the consensus estimate of $181.80 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. As a group, equities analysts forecast that Hudson Pacific Properties, Inc. will post 1.16 EPS for the current year.

Insiders Place Their Bets

In related news, Director Jon Bortz bought 25,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was bought at an average cost of $13.40 per share, with a total value of $335,000.00. Following the completion of the purchase, the director owned 35,394 shares in the company, valued at approximately $474,279.60. The trade was a 240.52% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.47% of the company’s stock.

Institutional Trading of Hudson Pacific Properties

Several hedge funds have recently modified their holdings of the stock. IFP Advisors Inc raised its position in Hudson Pacific Properties by 4,560.0% in the 2nd quarter. IFP Advisors Inc now owns 1,631 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,596 shares during the last quarter. Allied Private Wealth LLC bought a new position in Hudson Pacific Properties in the 2nd quarter valued at $33,000. Allworth Financial LP bought a new position in Hudson Pacific Properties in the 2nd quarter valued at $67,000. Legal & General Group Plc bought a new position in Hudson Pacific Properties in the 2nd quarter valued at $80,000. Finally, Sanctuary Advisors LLC boosted its position in Hudson Pacific Properties by 29.3% in the 1st quarter. Sanctuary Advisors LLC now owns 15,075 shares of the real estate investment trust’s stock valued at $89,000 after buying an additional 3,414 shares during the last quarter. 97.58% of the stock is owned by institutional investors.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties, Inc is a real estate investment trust that owns, operates and develops office and studio properties in major technology, media and entertainment markets. The company’s portfolio is focused primarily on the West Coast of the United States and Vancouver, Canada, with properties designed for businesses in the technology, media and creative industries.

Hudson Pacific’s office business includes creative office campuses and traditional office buildings that it leases to companies across sectors such as technology, entertainment and professional services.