Hudson Pacific Properties (NYSE:HPP) Downgraded by Wall Street Zen to Sell

Key Points

• Wall Street Zen downgraded Hudson Pacific Properties to “Sell” from “Hold,” although the broader analyst consensus remains “Hold” with an average price target of $15.82.
• HPP shares opened at $11.48, while the stock has traded between $5.26 and $20.06 over the past year. The company reported a quarterly loss of $1.62 per share, missing estimates by $0.90, despite revenue exceeding expectations.
• Director Jon Bortz purchased 25,000 shares worth $335,000, and institutional investors own approximately 97.58% of the company’s outstanding stock.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Sunday, Wall Street Zen reports.

HPP has been the topic of several other research reports. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $17.00 price target (up from $14.00) on shares of Hudson Pacific Properties in a research report on Tuesday, September 1st. Cantor Fitzgerald raised their target price on Hudson Pacific Properties from $14.00 to $17.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Bank of America reaffirmed an "underperform" rating and set a $14.00 target price on shares of Hudson Pacific Properties in a research report on Tuesday, June 16th. BMO Capital Markets reiterated a "market perform" rating and set a $16.00 price target (up from $8.00) on shares of Hudson Pacific Properties in a report on Monday, June 15th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Hudson Pacific Properties in a research report on Wednesday, August 26th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Hudson Pacific Properties currently has a consensus rating of "Hold" and an average target price of $15.82.

Hudson Pacific Properties Stock Performance

Shares of NYSE HPP opened at $11.48 on Friday. The company has a market capitalization of $623.02 million, a P/E ratio of -1.30, a P/E/G ratio of 1.06 and a beta of 1.89. The stock has a 50 day moving average of $13.76 and a 200-day moving average of $11.53. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.33. Hudson Pacific Properties has a 12 month low of $5.26 and a 12 month high of $20.06.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share for the quarter, missing analysts' consensus estimates of ($0.72) by ($0.90). The business had revenue of $188.30 million during the quarter, compared to the consensus estimate of $181.80 million. Hudson Pacific Properties had a negative net margin of 70.04% and a negative return on equity of 20.76%. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. As a group, equities research analysts predict that Hudson Pacific Properties will post 1.12 EPS for the current year.

Insider Activity at Hudson Pacific Properties

In other news, Director Jon Bortz bought 25,000 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were purchased at an average price of $13.40 per share, with a total value of $335,000.00. Following the transaction, the director directly owned 35,394 shares in the company, valued at $474,279.60. This represents a 240.52% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.47% of the stock is currently owned by corporate insiders.

Institutional Trading of Hudson Pacific Properties

A number of institutional investors and hedge funds have recently modified their holdings of the business. IFP Advisors Inc boosted its position in Hudson Pacific Properties by 4,560.0% in the second 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. Resona Asset Management Co. Ltd. increased its position in shares of Hudson Pacific Properties by 8.4% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 24,670 shares of the real estate investment trust's stock valued at $147,000 after purchasing an additional 1,918 shares during the last quarter. Allied Private Wealth LLC purchased a new stake in shares of Hudson Pacific Properties during the 2nd quarter valued at $33,000. Cetera Investment Advisers raised its stake in shares of Hudson Pacific Properties by 18.0% during the 1st quarter. Cetera Investment Advisers now owns 16,317 shares of the real estate investment trust's stock worth $96,000 after purchasing an additional 2,485 shares during the period. Finally, Sanctuary Advisors LLC raised its stake in shares of Hudson Pacific Properties by 29.3% during the 1st quarter. Sanctuary Advisors LLC now owns 15,075 shares of the real estate investment trust's stock worth $89,000 after purchasing an additional 3,414 shares during the period. 97.58% of the stock is owned by hedge funds and other institutional investors.

About Hudson Pacific Properties

Hudson Pacific Properties, Inc NYSE: HPP is a real estate investment trust that owns, operates and develops office and studio properties. The company focuses on properties serving technology, media and entertainment tenants, with offerings that include creative office space, soundstages, production facilities and related studio infrastructure.

Hudson Pacific's portfolio is concentrated in major markets along the West Coast of the United States and in Vancouver, British Columbia. Its studio operations are conducted under the Sunset Studios brand and support film and television production through soundstages, production offices and other specialized facilities.

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