Hudson Pacific Properties (NYSE:HPP) Shares Climb 7.3% - What's Next?

Key Points

• Hudson Pacific Properties shares rose 7.3% to about $10.16 in midday trading, although trading volume was 84% below the average daily level.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $15.27; targets range from $9 to $17.
• The REIT reported a significant quarterly EPS miss, posting a loss of $1.62 per share versus expectations of a $0.72 loss, alongside a negative 70.04% net margin. Director Jon Bortz nevertheless purchased 25,000 shares for $335,000.

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) shares were up 7.3% during mid-day trading on Thursday. The stock traded as high as $10.11 and last traded at $10.1550. Approximately 169,873 shares changed hands during trading, a decline of 84% from the average daily volume of 1,080,091 shares. The stock had previously closed at $9.46.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HPP. Weiss Ratings reiterated a "sell (d)" rating on shares of Hudson Pacific Properties in a research report on Wednesday, August 26th. Cantor Fitzgerald boosted their price target on shares of Hudson Pacific Properties from $14.00 to $17.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Morgan Stanley set a $9.00 price target on shares of Hudson Pacific Properties and gave the company an "underweight" rating in a research note on Wednesday, July 22nd. Zacks Research lowered shares of Hudson Pacific Properties from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 8th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $16.00 price objective on shares of Hudson Pacific Properties in a research report on Monday, August 10th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Hudson Pacific Properties currently has a consensus rating of "Hold" and an average target price of $15.27.

Hudson Pacific Properties Price Performance

The firm has a market capitalization of $574.71 million, a P/E ratio of -1.20, a price-to-earnings-growth ratio of 0.79 and a beta of 1.96. The firm has a 50 day moving average price of $12.26 and a 200-day moving average price of $12.38. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.33.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last released 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). Hudson Pacific Properties had a negative net margin of 70.04% and a negative return on equity of 20.76%. The company had revenue of $188.30 million for the quarter, compared to the consensus estimate of $181.80 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. On average, analysts expect that Hudson Pacific Properties, Inc. will post 1.16 earnings per share for the current year.

Insider Transactions at Hudson Pacific Properties

In other Hudson Pacific Properties news, Director Jon Bortz bought 25,000 shares of the company's stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price 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 of the company's stock, valued at approximately $474,279.60. This represents a 240.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.47% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. WINTON GROUP Ltd purchased a new position in Hudson Pacific Properties in the 2nd quarter worth about $1,092,000. Integrated Wealth Concepts LLC purchased a new stake in Hudson Pacific Properties in the 2nd quarter valued at about $119,000. IFP Advisors Inc boosted its position in Hudson Pacific Properties by 4,560.0% in the 2nd quarter. IFP Advisors Inc now owns 1,631 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 1,596 shares during the period. Allworth Financial LP grew its stake in Hudson Pacific Properties by 601.3% in the 2nd quarter. Allworth Financial LP now owns 4,425 shares of the real estate investment trust's stock worth $67,000 after acquiring an additional 3,794 shares in the last quarter. Finally, Corient Private Wealth LP bought a new position in Hudson Pacific Properties in the 2nd quarter worth about $333,000. Institutional investors own 97.58% of the company's stock.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties, Inc is a real estate investment trust that owns, operates and develops office and studio properties in major technology, media and entertainment markets. The company's portfolio is focused primarily on the West Coast of the United States and Vancouver, Canada, with properties designed for businesses in the technology, media and creative industries.

Hudson Pacific's office business includes creative office campuses and traditional office buildings that it leases to companies across sectors such as technology, entertainment and professional services.

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