Hudson Pacific Properties (NYSE:HPP) Shares Gap Down - Here's Why

Key Points

• Hudson Pacific Properties shares fell 2.5%. The stock opened at $11.96 after previously closing at $12.61 and last traded near $12.16.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $15.82. Targets range from Morgan Stanley’s $9.00 to Mizuho’s $17.00.
• The REIT reported a quarterly loss of $1.62 per share, missing estimates by $0.90, although revenue of $188.3 million exceeded expectations. Director Jon Bortz also purchased 25,000 shares worth $335,000.

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $12.61, but opened at $11.96. Hudson Pacific Properties shares last traded at $12.1610, with a volume of 37,217 shares trading hands.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Morgan Stanley set a $9.00 price target on shares of Hudson Pacific Properties and gave the company an "underweight" rating in a report on Wednesday, July 22nd. Citigroup reaffirmed a "neutral" rating and set a $15.00 price objective (up from $13.00) on shares of Hudson Pacific Properties in a research report on Thursday, August 13th. Weiss Ratings reiterated a "sell (d)" rating on shares of Hudson Pacific Properties in a research note on Wednesday, August 26th. Mizuho lifted their target price on Hudson Pacific Properties from $15.00 to $17.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 21st. Finally, BMO Capital Markets restated a "market perform" rating and set a $16.00 price target (up from $8.00) on shares of Hudson Pacific Properties in a research note on Monday, June 15th. One equities research 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 issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $15.82.

Hudson Pacific Properties Stock Down 2.5%

The company has a market cap of $667.36 million, a P/E ratio of -1.39, a PEG ratio of 1.17 and a beta of 1.89. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.11 and a quick ratio of 1.11. The business's 50 day moving average price is $14.51 and its 200-day moving average price is $11.24.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported ($1.62) EPS for the quarter, missing analysts' consensus estimates of ($0.72) by ($0.90). Hudson Pacific Properties had a negative return on equity of 20.76% and a negative net margin of 70.04%.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 anticipate that Hudson Pacific Properties, Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Activity at Hudson Pacific Properties

In related news, Director Jon Bortz purchased 25,000 shares of the business's stock in a transaction on Tuesday, August 11th. The shares were purchased at an average price of $13.40 per share, with a total value of $335,000.00. Following the completion of the purchase, the director owned 35,394 shares in the company, valued at $474,279.60. This represents a 240.52% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.47% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hudson Pacific Properties

Several institutional investors have recently added to or reduced their stakes in HPP. Corient Private Wealth LP acquired a new position in Hudson Pacific Properties during the 2nd quarter worth approximately $333,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Hudson Pacific Properties by 4,462.2% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 42,976 shares of the real estate investment trust's stock worth $653,000 after purchasing an additional 42,034 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Hudson Pacific Properties by 72.1% in the second quarter. Hsbc Holdings PLC now owns 103,664 shares of the real estate investment trust's stock worth $1,602,000 after purchasing an additional 43,437 shares in the last quarter. Wellington Management Group LLP acquired a new position in Hudson Pacific Properties during the second quarter worth $23,325,000. Finally, Valueworks LLC acquired a new position in Hudson Pacific Properties during the second quarter worth $25,667,000. 97.58% of the stock is owned by institutional investors.

About Hudson Pacific Properties

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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