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,” while the broader analyst consensus remains “hold” with an average price target of $15.07.
• HPP opened at $14.34, with shares ranging from $5.26 to $21.70 over the past year. The stock’s 50-day and 200-day moving averages were $14.81 and $10.40, respectively.
• The REIT reported a quarterly loss of $1.62 per share, missing estimates by $0.90, despite revenue of $188.3 million exceeding forecasts; institutional investors own 97.58% of the company.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

A number of other equities research analysts have also recently weighed in on HPP. Mizuho lifted their price target on shares of Hudson Pacific Properties from $15.00 to $17.00 and gave the company a "neutral" rating in a research report on Tuesday, July 21st. Wells Fargo & Company upped their price objective on shares of Hudson Pacific Properties from $13.50 to $14.00 and gave the stock an "overweight" rating in a report on Monday, June 1st. Piper Sandler raised shares of Hudson Pacific Properties from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $16.00 to $18.00 in a research report on Thursday. 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 report on Monday, June 15th. Finally, Zacks Research lowered Hudson Pacific Properties from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Hudson Pacific Properties currently has a consensus rating of "Hold" and an average price target of $15.07.

Hudson Pacific Properties Stock Performance

NYSE HPP opened at $14.34 on Friday. The stock has a market cap of $777.96 million, a PE ratio of -1.62, a P/E/G ratio of 1.00 and a beta of 1.90. The company has a current ratio of 1.11, a quick ratio of 1.65 and a debt-to-equity ratio of 1.33. Hudson Pacific Properties has a twelve month low of $5.26 and a twelve month high of $21.70. The stock has a fifty day simple moving average of $14.81 and a 200-day simple moving average of $10.40.

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 return on equity of 20.76% and a negative net margin of 70.04%.The business 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. Equities analysts anticipate that Hudson Pacific Properties will post 1.14 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HPP. Resona Asset Management Co. Ltd. raised its stake in Hudson Pacific Properties by 8.4% in the first quarter. Resona Asset Management Co. Ltd. now owns 24,670 shares of the real estate investment trust's stock valued at $147,000 after buying an additional 1,918 shares in the last quarter. Allied Private Wealth LLC acquired a new position in shares of Hudson Pacific Properties during the 2nd quarter worth about $33,000. Cetera Investment Advisers boosted its position 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 acquiring an additional 2,485 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Hudson Pacific Properties by 29.3% in the 1st quarter. Sanctuary Advisors LLC now owns 15,075 shares of the real estate investment trust's stock valued at $89,000 after acquiring an additional 3,414 shares during the last quarter. Finally, State of Wyoming increased its holdings in shares of Hudson Pacific Properties by 22.5% in the 1st quarter. State of Wyoming now owns 30,214 shares of the real estate investment trust's stock valued at $179,000 after acquiring an additional 5,543 shares during the last quarter. Hedge funds and other institutional investors own 97.58% of the company's stock.

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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