Hudson Pacific Properties, Inc. (NYSE:HPP) Stock Has Consensus Target Price of $15.45

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 $15.45 versus the stock’s recent price of $12.12.
• Hudson Pacific reported quarterly EPS of -$1.62, missing the consensus estimate of -$0.72, despite revenue of $188.3 million exceeding expectations.
• Institutional investors own 97.58% of the stock, while Director Jon Bortz purchased 25,000 shares at an average price of $13.40, increasing his ownership by 240.52%.

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) has earned an average rating of "Hold" from the thirteen analysts that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $15.45.

A number of brokerages have recently commented on HPP. Cantor Fitzgerald lifted their price target on shares of Hudson Pacific Properties from $14.00 to $17.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Citigroup restated a "neutral" rating and issued a $15.00 price objective (up from $13.00) on shares of Hudson Pacific Properties in a report on Thursday, August 13th. 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. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Hudson Pacific Properties in a report on Wednesday, August 26th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $15.00 target price (down from $18.00) on shares of Hudson Pacific Properties in a report on Monday.

Insider Buying and Selling at Hudson Pacific Properties

In related news, Director Jon Bortz acquired 25,000 shares of the stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $13.40 per share, for a total transaction of $335,000.00. Following the completion of the transaction, the director directly owned 35,394 shares of the company's stock, valued at $474,279.60. The trade was a 240.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.47% of the company's stock.

Institutional Trading of Hudson Pacific Properties

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Hudson Pacific Properties during the 2nd quarter worth about $102,830,000. Valueworks LLC bought a new stake in shares of Hudson Pacific Properties during the second quarter valued at approximately $25,667,000. Wellington Management Group LLP acquired a new position in Hudson Pacific Properties during the second quarter worth $23,325,000. Saba Capital Management L.P. increased its position in shares of Hudson Pacific Properties by 49.8% during the first quarter. Saba Capital Management L.P. now owns 831,868 shares of the real estate investment trust's stock worth $4,916,000 after acquiring an additional 276,459 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position 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 worth $4,172,000 after acquiring an additional 89,787 shares in the last quarter. 97.58% of the stock is currently owned by institutional investors.

Hudson Pacific Properties Stock Performance

Hudson Pacific Properties stock opened at $12.12 on Tuesday. The business has a 50 day moving average of $12.77 and a 200-day moving average of $12.15. Hudson Pacific Properties has a 1 year low of $5.26 and a 1 year high of $19.46. 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 capitalization of $657.97 million, a P/E ratio of -1.37, a P/E/G ratio of 1.02 and a beta of 1.96.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $188.30 million during 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. On average, equities research analysts predict that Hudson Pacific Properties will post 1.13 earnings per share for the current year.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties, Inc is a real estate investment trust (REIT) that owns, operates and develops office and studio properties. The company focuses on high-quality, well-located properties serving media, entertainment, technology and other knowledge-based industries.

Its office portfolio includes creative and traditional office buildings, while its studio platform operates soundstages, production facilities and related infrastructure through the Sunset Studios brand. These facilities support film and television production and are designed to accommodate the evolving needs of media and entertainment companies.

Hudson Pacific Properties primarily serves markets along the U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.