Hudson Pacific Properties (NYSE:HPP) Shares Gap Up - Should You Buy?

Key Points

• Hudson Pacific Properties (NYSE:HPP) shares opened at $2.80 after a previous close of $2.69, with a trading volume of over 1 million shares.
• Analysts have set a range of target prices for HPP, with BMO Capital Markets lowering their estimate from $4.00 to $3.50, while Odeon Capital Group initiated coverage with a buy rating and a target price of $5.00.
• Insider purchases have increased, with Director Ted R. Antenucci acquiring 89,686 shares at an average price of $2.23, reflecting a significant increase in ownership.

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $2.69, but opened at $2.80. Hudson Pacific Properties shares last traded at $2.66, with a volume of 1,051,656 shares changing hands.

Analysts Set New Price Targets

HPP has been the subject of several research reports. Odeon Capital Group initiated coverage on Hudson Pacific Properties in a report on Monday, June 16th. They set a "buy" rating and a $5.00 price target for the company. Piper Sandler set a $2.00 target price on Hudson Pacific Properties and gave the stock a "neutral" rating in a report on Friday, May 23rd. BTIG Research dropped their target price on Hudson Pacific Properties from $8.00 to $4.75 and set a "buy" rating for the company in a report on Wednesday, June 25th. BMO Capital Markets dropped their target price on Hudson Pacific Properties from $4.00 to $3.50 and set an "outperform" rating for the company in a report on Friday, June 13th. Finally, Wedbush reissued a "neutral" rating on shares of Hudson Pacific Properties in a report on Monday, May 5th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $3.11.

Hudson Pacific Properties Stock Performance

The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -1.00 and a beta of 1.59. The stock has a 50 day moving average of $2.64 and a 200 day moving average of $2.57. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.17.

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

Insiders Place Their Bets

In related news, CEO Victor J. Coleman purchased 224,215 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was acquired at an average price of $2.23 per share, with a total value of $499,999.45. Following the completion of the purchase, the chief executive officer directly owned 711,666 shares in the company, valued at $1,587,015.18. This trade represents a 46.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Harris II bought 44,843 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was acquired at an average price of $2.23 per share, for a total transaction of $99,999.89. Following the transaction, the director owned 174,731 shares of the company's stock, valued at approximately $389,650.13. The trade was a 34.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 1,139,007 shares of company stock valued at $2,539,986 over the last 90 days. 4.92% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE grew its position in Hudson Pacific Properties by 1,053.7% in the first quarter. US Bancorp DE now owns 9,772 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 8,925 shares during the last quarter. Abel Hall LLC bought a new position in Hudson Pacific Properties in the second quarter valued at about $28,000. Evergreen Capital Management LLC bought a new position in Hudson Pacific Properties in the second quarter valued at about $28,000. Envestnet Portfolio Solutions Inc. bought a new position in Hudson Pacific Properties in the second quarter valued at about $29,000. Finally, Gerber Kawasaki Wealth & Investment Management bought a new position in Hudson Pacific Properties in the second quarter valued at about $32,000. Institutional investors own 97.58% of the company's stock.

Hudson Pacific Properties Company Profile

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.