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

Key Points

• Hudson Pacific Properties shares gapped higher, opening at $12.36 versus a prior close of $11.51, before trading near $12.27.
• Analyst sentiment remains mixed: the stock has a consensus “Hold” rating from 13 analysts, with an average price target of $15.82; several firms recently raised their targets to $17.
• The REIT reported a significant quarterly loss, with EPS of -$1.62 versus a consensus estimate of -$0.72, although revenue of $188.3 million exceeded expectations. Director Jon Bortz also purchased 25,000 shares at $13.40 each.

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $11.51, but opened at $12.36. Hudson Pacific Properties shares last traded at $12.2710, with a volume of 6,946 shares.

Analyst Ratings Changes

A number of research analysts have recently commented on HPP shares. Mizuho boosted their price target on shares of Hudson Pacific Properties from $15.00 to $17.00 and gave the company a "neutral" rating in a research report on Tuesday, July 21st. Wells Fargo & Company reiterated an "overweight" rating and issued a $17.00 price objective (up from $14.00) on shares of Hudson Pacific Properties in a research report on Tuesday, September 1st. Weiss Ratings reissued a "sell (d)" rating on shares of Hudson Pacific Properties in a research note on Wednesday, August 26th. Zacks Research cut Hudson Pacific Properties from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 8th. Finally, Citigroup restated a "neutral" rating and issued a $15.00 target price (up from $13.00) on shares of Hudson Pacific Properties in a research note on Thursday, August 13th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Hudson Pacific Properties has a consensus rating of "Hold" and an average price target of $15.82.

Hudson Pacific Properties Price Performance

The firm's 50-day moving average is $13.70 and its 200-day moving average is $11.60. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $668.23 million, a PE ratio of -1.39, a price-to-earnings-growth ratio of 1.06 and a beta of 1.89.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last posted its quarterly 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 return on equity of 20.76% and a negative net margin of 70.04%.The business had revenue of $188.30 million during 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. Equities analysts predict that Hudson Pacific Properties, Inc. will post 1.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jon Bortz acquired 25,000 shares of the company's stock in a transaction dated Tuesday, August 11th. The stock was 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 trade represents a 240.52% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.47% of the company's stock.

Institutional Investors Weigh In On Hudson Pacific Properties

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

Hudson Pacific Properties Company Profile

Hudson Pacific Properties, Inc NYSE: HPP is a real estate investment trust that owns, operates and develops office and studio properties. The company focuses on properties serving technology, media and entertainment tenants, with offerings that include creative office space, soundstages, production facilities and related studio infrastructure.

Hudson Pacific's portfolio is concentrated in major markets along the West Coast of the United States and in Vancouver, British Columbia. Its studio operations are conducted under the Sunset Studios brand and support film and television production through soundstages, production offices and other specialized facilities.

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