The Goldman Sachs Group Increases Hudson Pacific Properties (NYSE:HPP) Price Target to $3.20

Key Points

• Goldman Sachs has raised the price target for Hudson Pacific Properties (NYSE:HPP) from $2.80 to $3.20, signaling a potential upside of 12.08%.
• Overall, Hudson Pacific Properties is rated as a "Hold" by analysts, with four having a "Buy" rating and six a "Hold" rating, reflecting mixed sentiments on the stock's performance.
• The company reported an earnings per share (EPS) of $0.04 for the last quarter, slightly surpassing expectations, but also recorded a negative net margin of 53.76%.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) had its price objective boosted by analysts at The Goldman Sachs Group from $2.80 to $3.20 in a report released on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the real estate investment trust's stock. The Goldman Sachs Group's target price suggests a potential upside of 15.52% from the company's previous close.

Several other equities analysts have also weighed in on the stock. BMO Capital Markets reduced their target price on shares of Hudson Pacific Properties from $4.00 to $3.50 and set an "outperform" rating on the stock in a report on Friday, June 13th. Wells Fargo & Company dropped their price target on shares of Hudson Pacific Properties from $3.40 to $3.10 and set an "overweight" rating on the stock in a research note on Wednesday, August 27th. Piper Sandler set a $2.00 price target on shares of Hudson Pacific Properties and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Odeon Capital Group assumed coverage on shares of Hudson Pacific Properties in a research note on Monday, June 16th. They set a "buy" rating and a $5.00 price target on the stock. Finally, BTIG Research dropped their price target on shares of Hudson Pacific Properties from $8.00 to $4.75 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $3.20.

Hudson Pacific Properties Trading Down 3.1%

Shares of HPP traded down $0.09 during mid-day trading on Wednesday, reaching $2.77. The company had a trading volume of 18,353,638 shares, compared to its average volume of 6,194,065. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.17. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -0.99 and a beta of 1.63. The firm has a fifty day simple moving average of $2.68 and a 200-day simple moving average of $2.55. Hudson Pacific Properties has a fifty-two week low of $1.78 and a fifty-two week high of $5.28.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last posted its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $190.00 million for the quarter, compared to analyst estimates of $196.27 million. Hudson Pacific Properties had a negative net margin of 53.76% and a negative return on equity of 15.10%. Hudson Pacific Properties has set its Q3 2025 guidance at 0.010-0.05 EPS. On average, sell-side analysts anticipate that Hudson Pacific Properties will post 0.45 EPS for the current fiscal year.

Institutional Trading of Hudson Pacific Properties

A number of institutional investors have recently made changes to their positions in the stock. Balyasny Asset Management L.P. lifted its stake in shares of Hudson Pacific Properties by 122.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 15,712,981 shares of the real estate investment trust's stock worth $43,054,000 after acquiring an additional 8,646,463 shares during the period. Conversant Capital LLC lifted its stake in shares of Hudson Pacific Properties by 293.6% in the 2nd quarter. Conversant Capital LLC now owns 10,700,000 shares of the real estate investment trust's stock worth $29,318,000 after acquiring an additional 7,981,580 shares during the period. Prudential Financial Inc. lifted its stake in Hudson Pacific Properties by 357.1% during the second quarter. Prudential Financial Inc. now owns 10,686,082 shares of the real estate investment trust's stock valued at $29,280,000 after purchasing an additional 8,348,371 shares during the last quarter. Geode Capital Management LLC lifted its stake in Hudson Pacific Properties by 136.9% during the second quarter. Geode Capital Management LLC now owns 8,266,586 shares of the real estate investment trust's stock valued at $22,655,000 after purchasing an additional 4,777,056 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Hudson Pacific Properties during the second quarter valued at approximately $21,422,000. 97.58% of the stock is owned by institutional investors and hedge funds.

About Hudson Pacific Properties

Hudson Pacific Properties NYSE: HPP is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.