Hudson Pacific Properties, Inc. (NYSE:HPP) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on Hudson Pacific Properties, with three sell, six hold, and four buy ratings. The average 12-month price target is $15.82, above the reported $11.60 share price.
• Hudson Pacific reported a quarterly loss of $1.62 per share, missing estimates by $0.90, although revenue of $188.3 million exceeded expectations. The company posted a negative net margin of 70.04%.
• Director Jon Bortz purchased 25,000 shares for $335,000, while institutional investors own 97.58% of the company’s stock.

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) have earned a consensus rating of "Hold" from the thirteen research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $15.8167.

Several research firms have recently issued reports on HPP. BMO Capital Markets reiterated a "market perform" rating and issued a $16.00 target price (up from $8.00) on shares of Hudson Pacific Properties in a research note on Monday, June 15th. Zacks Research downgraded shares of Hudson Pacific Properties from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 8th. Mizuho boosted their target price on Hudson Pacific Properties from $15.00 to $17.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 21st. Cantor Fitzgerald upped 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. Finally, 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.

Hudson Pacific Properties Stock Performance

NYSE HPP opened at $11.60 on Friday. The company has a market cap of $629.42 million, a P/E ratio of -1.31, a PEG ratio of 1.06 and a beta of 1.89. The company has a fifty day simple moving average of $13.84 and a 200 day simple moving average of $11.53. Hudson Pacific Properties has a 12-month low of $5.26 and a 12-month high of $20.06. 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 (NYSE:HPP - Get Free Report) last released 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). Hudson Pacific Properties had a negative net margin of 70.04% and a negative return on equity of 20.76%. The company had revenue of $188.30 million for the quarter, compared to analyst estimates of $181.80 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. Sell-side analysts predict that Hudson Pacific Properties will post 1.12 earnings per share for the current fiscal year.

Insider Transactions at Hudson Pacific Properties

In other Hudson Pacific Properties news, Director Jon Bortz acquired 25,000 shares of Hudson Pacific Properties stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of $13.40 per share, for a total transaction of $335,000.00. Following the purchase, the director directly owned 35,394 shares of the company's stock, valued at $474,279.60. This trade represents a 240.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.47% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hudson Pacific Properties

A number of hedge funds have recently made changes to their positions in HPP. WINTON GROUP Ltd purchased a new stake in Hudson Pacific Properties during the second quarter worth about $1,092,000. Integrated Wealth Concepts LLC purchased a new position in Hudson Pacific Properties in the second quarter valued at about $119,000. IFP Advisors Inc boosted its stake 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 valued at $25,000 after acquiring an additional 1,596 shares during the last quarter. Allworth Financial LP grew its position in shares of Hudson Pacific Properties by 601.3% during the 2nd quarter. Allworth Financial LP now owns 4,425 shares of the real estate investment trust's stock valued at $67,000 after acquiring an additional 3,794 shares during the period. Finally, Corient Private Wealth LP purchased a new stake in shares of Hudson Pacific Properties during the 2nd quarter worth approximately $333,000. 97.58% of the stock is currently owned by 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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