Hudson Pacific Properties (NYSE:HPP) Rating Increased to Strong-Buy at Zacks Research

Key Points

• Zacks Research upgraded Hudson Pacific Properties to “strong buy” from “hold,” although the broader analyst consensus remains “hold” with a $15.40 price target.
• HPP opened at $13.30, with shares trading between a 52-week low of $5.26 and high of $21.70; the company has a market capitalization of approximately $721.6 million.
• The REIT reported a quarterly loss of $1.62 per share, missing estimates by $0.90, despite revenue of $188.3 million exceeding expectations. Director Jon E. Bortz also purchased 25,000 shares for approximately $335,000.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a report issued on Monday,Zacks.com reports.

HPP has been the topic of several other reports. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $16.00 target price on shares of Hudson Pacific Properties in a report on Monday. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Hudson Pacific Properties in a research note on Friday, May 29th. BTIG Research reaffirmed a "buy" rating and set a $26.00 price objective on shares of Hudson Pacific Properties in a report on Wednesday, May 6th. Citigroup reiterated a "neutral" rating and set a $13.00 target price (up from $8.00) on shares of Hudson Pacific Properties in a research report on Thursday, May 14th. Finally, Morgan Stanley set a $9.00 target price on shares of Hudson Pacific Properties and gave the company an "underweight" rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Hudson Pacific Properties has an average rating of "Hold" and a consensus price target of $15.40.

Hudson Pacific Properties Price Performance

HPP stock opened at $13.30 on Monday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.65 and a current ratio of 1.11. The company's fifty day moving average price is $14.83 and its 200-day moving average price is $10.47. Hudson Pacific Properties has a one year low of $5.26 and a one year high of $21.70. The company has a market capitalization of $721.61 million, a PE ratio of -1.50, a price-to-earnings-growth ratio of 1.04 and a beta of 1.90.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share for the quarter, missing the consensus estimate of ($0.72) by ($0.90). The company had revenue of $188.30 million for the quarter, compared to analysts' expectations of $181.80 million. Hudson Pacific Properties had a negative net margin of 70.04% and a negative return on equity of 20.76%. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. On average, equities analysts anticipate that Hudson Pacific Properties will post 1.11 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jon E. Bortz acquired 25,000 shares of the firm's stock in a transaction on Tuesday, August 11th. The shares were acquired 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 in the company, valued at approximately $474,279.60. This trade represents a 240.52% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.47% of the stock is owned by insiders.

Institutional Trading of Hudson Pacific Properties

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Resona Asset Management Co. Ltd. raised its stake in Hudson Pacific Properties by 8.4% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 24,670 shares of the real estate investment trust's stock worth $147,000 after acquiring an additional 1,918 shares during the last quarter. Allied Private Wealth LLC purchased a new stake in Hudson Pacific Properties during the 2nd quarter valued at about $33,000. Cetera Investment Advisers increased its holdings in shares of Hudson Pacific Properties by 18.0% in the first quarter. Cetera Investment Advisers now owns 16,317 shares of the real estate investment trust's stock valued at $96,000 after purchasing an additional 2,485 shares during the period. Sanctuary Advisors LLC increased its holdings in shares of Hudson Pacific Properties by 29.3% in the first quarter. Sanctuary Advisors LLC now owns 15,075 shares of the real estate investment trust's stock valued at $89,000 after purchasing an additional 3,414 shares during the period. Finally, Allworth Financial LP purchased a new position in shares of Hudson Pacific Properties in the second quarter worth about $67,000. 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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