Hudson Pacific Properties (NYSE:HPP) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Hudson Pacific Properties from “sell” to “hold,” while the broader analyst consensus remains “hold” with an average price target of $15.82.
• Hudson Pacific reported a quarterly loss of $1.62 per share, missing estimates by $0.90, although revenue of $188.3 million exceeded expectations.
• Director Jon Bortz purchased 25,000 shares for $335,000, while institutional investors and hedge funds collectively own 97.58% of the company.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday, Wall Street Zen reports.

Several other analysts have also commented on HPP. Morgan Stanley set a $9.00 price target on shares of Hudson Pacific Properties and gave the company an "underweight" rating in a research report on Wednesday, July 22nd. Cantor Fitzgerald lifted their price objective on shares of Hudson Pacific Properties from $14.00 to $17.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Wells Fargo & Company reiterated an "overweight" rating and set a $17.00 price objective (up from $14.00) on shares of Hudson Pacific Properties in a research note on Tuesday, September 1st. Zacks Research cut shares of Hudson Pacific Properties from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Hudson Pacific Properties in a research note on Wednesday, August 26th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $15.82.

Hudson Pacific Properties Stock Performance

Shares of NYSE:HPP opened at $12.28 on Friday. The firm has a 50 day moving average of $14.17 and a 200 day moving average of $11.37. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $666.27 million, a price-to-earnings ratio of -1.39, a price-to-earnings-growth ratio of 1.10 and a beta of 1.89. Hudson Pacific Properties has a 52 week low of $5.26 and a 52 week high of $21.07.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.72) by ($0.90). The company had revenue of $188.30 million during the quarter, compared to analysts' expectations 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. On average, sell-side analysts predict that Hudson Pacific Properties will post 1.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Hudson Pacific Properties

In other Hudson Pacific Properties news, Director Jon Bortz purchased 25,000 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of $13.40 per share, for a total transaction of $335,000.00. Following the completion of the purchase, the director owned 35,394 shares of the company's stock, valued at approximately $474,279.60. The trade was a 240.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.47% of the company's stock.

Institutional Trading of Hudson Pacific Properties

A number of institutional investors have recently bought and sold shares of the stock. Militia Capital Management LLC purchased a new position in shares of Hudson Pacific Properties in the first quarter worth $1,904,000. Dimensional Fund Advisors LP grew its holdings in shares of Hudson Pacific Properties by 14.6% during the first 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 last quarter. Whitebox Advisors LLC grew its holdings in shares of Hudson Pacific Properties by 1,618.4% during the first quarter. Whitebox Advisors LLC now owns 189,080 shares of the real estate investment trust's stock valued at $1,117,000 after buying an additional 178,077 shares during the last quarter. Saba Capital Management L.P. increased its position in shares of 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 valued at $4,916,000 after acquiring an additional 276,459 shares during the period. Finally, Quantinno Capital Management LP increased its position in shares of Hudson Pacific Properties by 347.8% in the 1st quarter. Quantinno Capital Management LP now owns 184,034 shares of the real estate investment trust's stock valued at $1,088,000 after acquiring an additional 142,941 shares during the period. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Hudson Pacific Properties Company Profile

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.

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