Hudson Pacific Properties (NYSE:HPP) Trading 4.4% Higher - Should You Buy?

Key Points

• Hudson Pacific Properties shares rose 4.4% to about $13.12, though trading volume was 89% below the average session volume.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $15.82; targets range from $9.00 to $26.00.
• The REIT reported a significant quarterly loss of $1.62 per share versus an expected loss of $0.72, despite revenue exceeding estimates. Director Jon E. Bortz purchased 25,000 shares, increasing his position by 240.5%.

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) traded up 4.4% on Tuesday . The stock traded as high as $13.01 and last traded at $13.1210. 128,815 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 1,157,152 shares. The stock had previously closed at $12.57.

Analyst Ratings Changes

A number of equities analysts have commented on the company. BTIG Research reissued a "buy" rating and issued a $26.00 price objective on shares of Hudson Pacific Properties in a research note on Wednesday, May 6th. Piper Sandler raised Hudson Pacific Properties from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $16.00 to $18.00 in a report on Thursday, August 6th. Citigroup reiterated a "neutral" rating and set a $15.00 price target (up from $13.00) on shares of Hudson Pacific Properties in a research report on Thursday, August 13th. Morgan Stanley set a $9.00 price objective on shares of Hudson Pacific Properties and gave the stock an "underweight" rating in a report on Wednesday, July 22nd. Finally, BMO Capital Markets restated a "market perform" rating and issued a $16.00 price objective (up from $8.00) on shares of Hudson Pacific Properties in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $15.82.

Hudson Pacific Properties Stock Up 3.3%

The business's 50-day moving average is $14.71 and its two-hundred day moving average is $11.02. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $705.02 million, a price-to-earnings ratio of -1.47, a P/E/G ratio of 1.00 and a beta of 1.90.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.72) by ($0.90). The business had revenue of $188.30 million during the quarter, compared to the consensus estimate of $181.80 million. Hudson Pacific Properties had a negative return on equity of 20.76% and a negative net margin of 70.04%.Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. On average, equities analysts anticipate that Hudson Pacific Properties, Inc. will post 1.12 earnings per share for the current year.

Insider Transactions at Hudson Pacific Properties

In related news, Director Jon E. Bortz bought 25,000 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of $13.40 per share, for a total transaction of $335,000.00. Following the acquisition, the director owned 35,394 shares of the company's stock, valued at approximately $474,279.60. This represents a 240.52% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.47% of the company's stock.

Institutional Investors Weigh In On Hudson Pacific Properties

Several large investors have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its position in Hudson Pacific Properties by 140.3% in the 1st quarter. AQR Capital Management LLC now owns 348,203 shares of the real estate investment trust's stock valued at $1,027,000 after acquiring an additional 203,283 shares in the last quarter. Caxton Associates LLP bought a new position in Hudson Pacific Properties during the 1st quarter worth about $82,000. Strs Ohio bought a new position in Hudson Pacific Properties during the 1st quarter worth about $73,000. Creative Planning raised its stake in shares of Hudson Pacific Properties by 25.8% in the 2nd quarter. Creative Planning now owns 46,095 shares of the real estate investment trust's stock valued at $126,000 after purchasing an additional 9,467 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in shares of Hudson Pacific Properties in the 2nd quarter valued at about $62,000. Institutional investors own 97.58% of the company's stock.

Hudson Pacific Properties Company Profile

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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