Hudson Pacific Properties (NYSE:HPP) Shares Gap Up - What's Next?

Key Points

• Hudson Pacific Properties shares opened sharply higher, rising from a prior close of $9.46 to $10.62 before trading near $10.54.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $15.27; recent actions included downgrades from Wall Street Zen and Piper Sandler.
• The REIT reported a significant quarterly loss, with EPS of negative $1.62 versus expectations of negative $0.72, though revenue of $188.3 million exceeded estimates. Director Jon Bortz separately bought 25,000 shares at $13.40 each.

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report)'s stock price gapped up prior to trading on Friday. The stock had previously closed at $9.46, but opened at $10.62. Hudson Pacific Properties shares last traded at $10.5440, with a volume of 9,765 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HPP shares. Wall Street Zen lowered Hudson Pacific Properties from a "hold" rating to a "sell" rating in a research report on Sunday, September 20th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $16.00 price objective on shares of Hudson Pacific Properties in a report on Monday, August 10th. Mizuho raised their price objective on Hudson Pacific Properties from $15.00 to $17.00 and gave the company a "neutral" rating in a research report on Tuesday, July 21st. Morgan Stanley set a $9.00 target price on shares of Hudson Pacific Properties and gave the stock an "underweight" rating in a research report on Wednesday, July 22nd. Finally, Piper Sandler lowered shares of Hudson Pacific Properties from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $15.00 to $13.00 in a research note on Monday. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $15.27.

Hudson Pacific Properties Stock Up 0.2%

The stock has a 50 day simple moving average of $12.18 and a 200-day simple moving average of $12.42. The firm has a market cap of $575.26 million, a PE ratio of -1.20, a PEG ratio of 0.79 and a beta of 1.96. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.11 and a quick ratio of 1.11.

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) EPS 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 company 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. Sell-side analysts predict that Hudson Pacific Properties, Inc. will post 1.16 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Jon Bortz acquired 25,000 shares of Hudson Pacific Properties stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of $13.40 per share, for a total transaction of $335,000.00. Following 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.47% of the company's stock.

Institutional Investors Weigh In On Hudson Pacific Properties

Several institutional investors and hedge funds have recently made changes to their positions in HPP. IFP Advisors Inc lifted its holdings 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 purchasing an additional 1,596 shares in the last quarter. Allied Private Wealth LLC purchased a new stake in shares of Hudson Pacific Properties in the 2nd quarter worth $33,000. Allworth Financial LP bought a new position in shares of Hudson Pacific Properties in the second quarter worth about $67,000. Legal & General Group Plc bought a new stake in Hudson Pacific Properties during the 2nd quarter valued at approximately $80,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in Hudson Pacific Properties in the 2nd quarter worth $119,000. 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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