Hudson Pacific Properties (NYSE:HPP) Price Target Cut to $13.50 by Analysts at Wells Fargo & Company

Key Points

• Wells Fargo cut its price target on Hudson Pacific Properties to $13.50 (from $18.20) but kept an overweight rating, a level that implies roughly a 147% upside from the stock's recent close.
• HPP shares traded around $5.46 (down ~0.8%), market cap ~$296M, and the company shows negative profitability (net margin -69.12%, ROE -19.89%); analysts' consensus is a Hold with an average price target of $14.11 and mixed ratings (4 Buy, 8 Hold, 2 Sell).

Hudson Pacific Properties (NYSE:HPP - Get Free Report) had its target price dropped by analysts at Wells Fargo & Company from $18.20 to $13.50 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the real estate investment trust's stock. Wells Fargo & Company's price target would indicate a potential upside of 147.07% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on the stock. Zacks Research raised shares of Hudson Pacific Properties from a "strong sell" rating to a "hold" rating in a report on Thursday, March 5th. Wall Street Zen upgraded Hudson Pacific Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 7th. The Goldman Sachs Group set a $14.50 price target on Hudson Pacific Properties and gave the stock a "neutral" rating in a research report on Thursday, January 29th. Morgan Stanley dropped their price objective on Hudson Pacific Properties from $8.00 to $5.00 and set an "underweight" rating on the stock in a research note on Tuesday. Finally, BMO Capital Markets reaffirmed a "market perform" rating on shares of Hudson Pacific Properties in a research report on Thursday, February 26th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Hudson Pacific Properties has an average rating of "Hold" and an average price target of $14.11.

Hudson Pacific Properties Stock Down 0.8%

Shares of NYSE:HPP traded down $0.05 during midday trading on Thursday, hitting $5.46. The stock had a trading volume of 64,449 shares, compared to its average volume of 1,385,177. The company has a market cap of $296.37 million, a P/E ratio of -0.42, a PEG ratio of 0.62 and a beta of 1.51. Hudson Pacific Properties has a 12 month low of $5.26 and a 12 month high of $21.70. The business's 50-day simple moving average is $7.00 and its 200-day simple moving average is $12.04. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 1.25.

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

Institutional Trading of Hudson Pacific Properties

Several hedge funds and other institutional investors have recently modified their holdings of HPP. Ethic Inc. bought a new position in Hudson Pacific Properties in the 3rd quarter valued at about $28,000. Evergreen Capital Management LLC acquired a new stake in Hudson Pacific Properties during the second quarter worth approximately $28,000. Orion Porfolio Solutions LLC bought a new stake in shares of Hudson Pacific Properties during the third quarter worth approximately $28,000. Discipline Wealth Solutions LLC bought a new stake in shares of Hudson Pacific Properties during the third quarter worth approximately $30,000. Finally, United Capital Financial Advisors LLC acquired a new position in shares of Hudson Pacific Properties in the third quarter valued at approximately $30,000. Institutional investors own 97.58% of the company's stock.

About Hudson Pacific Properties

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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