Hudson Pacific Properties, Inc. (NYSE:HPP) Sees Significant Decline in Short Interest

Key Points

• Short interest fell 13.3% in February to 5,004,616 shares (about 9.6% of shares sold short) with a days-to-cover ratio of roughly 3.1 days.
• Equity analysts have a consensus rating of "Hold" with an average target price of $13.74, based on 4 Buys, 8 Holds and 2 Sells.
• Institutional ownership is very high at 97.58%, and several firms recently established small new positions in the stock.

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) was the recipient of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 5,004,616 shares, a decrease of 13.3% from the February 12th total of 5,770,381 shares. Currently, 9.6% of the shares of the stock are sold short. Based on an average daily volume of 1,590,558 shares, the days-to-cover ratio is currently 3.1 days. Based on an average daily volume of 1,590,558 shares, the days-to-cover ratio is currently 3.1 days. Currently, 9.6% of the shares of the stock are sold short.

Institutional Trading of Hudson Pacific Properties

A number of large investors have recently made changes to their positions in the stock. Ethic Inc. bought a new position in Hudson Pacific Properties during the third quarter valued at approximately $28,000. Evergreen Capital Management LLC purchased a new position in shares of Hudson Pacific Properties in the 2nd quarter worth $28,000. Orion Porfolio Solutions LLC bought a new stake in shares of Hudson Pacific Properties in the third quarter worth $28,000. Discipline Wealth Solutions LLC bought a new position in Hudson Pacific Properties in the third quarter valued at about $30,000. Finally, United Capital Financial Advisors LLC purchased a new position in Hudson Pacific Properties in the third quarter worth about $30,000. 97.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. BTIG Research set a $26.00 target price on Hudson Pacific Properties and gave the stock a "buy" rating in a research report on Friday, January 2nd. Zacks Research upgraded Hudson Pacific Properties from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 5th. Citigroup boosted their price objective on Hudson Pacific Properties from $7.00 to $8.00 and gave the stock a "neutral" rating in a report on Monday, March 2nd. Mizuho decreased their price objective on shares of Hudson Pacific Properties from $21.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, December 12th. Finally, Wells Fargo & Company set a $2.60 target price on shares of Hudson Pacific Properties in a research note on Tuesday, November 25th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $13.74.

Hudson Pacific Properties Price Performance

HPP traded up $0.01 during midday trading on Tuesday, hitting $6.33. The stock had a trading volume of 531,909 shares, compared to its average volume of 1,434,898. The company has a market cap of $343.12 million, a P/E ratio of -0.49, a price-to-earnings-growth ratio of 0.79 and a beta of 1.50. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.78 and a current ratio of 1.78. Hudson Pacific Properties has a 1 year low of $5.55 and a 1 year high of $22.89. The business has a fifty day moving average of $7.96 and a 200 day moving average of $13.23.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last issued its earnings results on Thursday, February 26th. The real estate investment trust reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. Hudson Pacific Properties had a negative net margin of 69.12% and a negative return on equity of 19.89%. The company had revenue of $256.03 million for the quarter, compared to analysts' expectations of $168.02 million. Hudson Pacific Properties has set its FY 2026 guidance at 0.960-1.060 EPS. As a group, equities analysts forecast that Hudson Pacific Properties will post 0.45 earnings per share for the current fiscal year.

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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