Cantor Fitzgerald Begins Coverage on Hudson Pacific Properties (NYSE:HPP)

Key Points

• Hudson Pacific Properties has been upgraded to a "strong-buy" rating by Cantor Fitzgerald, indicating increased confidence from analysts in the company's prospects.
• Despite the upgrade, various analysts have lowered their price targets for the company's stock, with current consensus at around $3.23.
• Institutional investors and hedge funds hold a significant portion of Hudson Pacific Properties, owning approximately 97.58% of the company's stock.

Stock analysts at Cantor Fitzgerald began coverage on shares of Hudson Pacific Properties (NYSE:HPP - Get Free Report) in a research note issued on Wednesday, Marketbeat.com reports. The brokerage set an "overweight" rating and a $3.50 price target on the real estate investment trust's stock. Cantor Fitzgerald's price objective would suggest a potential upside of 27.78% from the company's current price.

Several other equities research analysts have also recently issued reports on HPP. BTIG Research reduced their target price on Hudson Pacific Properties from $8.00 to $4.75 and set a "buy" rating on the stock in a report on Wednesday, June 25th. BMO Capital Markets reduced their price objective on Hudson Pacific Properties from $4.00 to $3.50 and set an "outperform" rating on the stock in a research note on Friday, June 13th. Wells Fargo & Company lowered their target price on Hudson Pacific Properties from $3.40 to $3.10 and set an "overweight" rating for the company in a research report on Wednesday, August 27th. The Goldman Sachs Group lifted their price objective on shares of Hudson Pacific Properties from $2.80 to $3.20 and gave the stock a "neutral" rating in a research note on Wednesday, September 17th. Finally, Odeon Capital Group began coverage on Hudson Pacific Properties in a research report on Monday, June 16th. They issued a "buy" rating and a $5.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $3.23.

Hudson Pacific Properties Price Performance

HPP stock opened at $2.74 on Wednesday. Hudson Pacific Properties has a one year low of $1.78 and a one year high of $5.02. The company's fifty day moving average price is $2.69 and its 200-day moving average price is $2.54. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.18 and a current ratio of 2.18. The company has a market capitalization of $1.04 billion, a PE ratio of -0.97 and a beta of 1.64.

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 company had revenue of $190.00 million during the quarter, compared to analysts' expectations 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, equities analysts anticipate that Hudson Pacific Properties will post 0.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Hudson Pacific Properties

Hedge funds have recently added to or reduced their stakes in the company. Hudson Bay Capital Management LP lifted its stake in Hudson Pacific Properties by 229.2% in the second quarter. Hudson Bay Capital Management LP now owns 6,919,546 shares of the real estate investment trust's stock worth $18,960,000 after purchasing an additional 4,817,844 shares during the last quarter. Winslow Asset Management Inc. raised its holdings in shares of Hudson Pacific Properties by 16.6% in the second quarter. Winslow Asset Management Inc. now owns 57,145 shares of the real estate investment trust's stock worth $157,000 after buying an additional 8,115 shares during the period. Evergreen Capital Management LLC purchased a new stake in shares of Hudson Pacific Properties in the second quarter worth approximately $28,000. CANADA LIFE ASSURANCE Co lifted its stake in shares of Hudson Pacific Properties by 36.2% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 337,364 shares of the real estate investment trust's stock worth $921,000 after acquiring an additional 89,662 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Hudson Pacific Properties by 370.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 60,595 shares of the real estate investment trust's stock valued at $166,000 after acquiring an additional 47,713 shares during the period. 97.58% of the stock is currently owned by institutional investors.

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.