Hudson Pacific Properties (NYSE:HPP) Given New $3.10 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo & Company has reduced its price target for Hudson Pacific Properties from $3.40 to $3.10, maintaining an "overweight" rating that suggests a potential upside of 14.60%.
• In recent evaluations, various analysts have set target prices ranging from $2.00 to $8.00, with the overall consensus rating currently reflecting a "Hold" and an average target price of $3.11.
• Significant insider transactions indicate growing confidence, with the president increasing his ownership by 18.82% after buying shares, while the director saw a 127.01% increase in ownership following their recent purchase.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) had its target price decreased by equities researchers at Wells Fargo & Company from $3.40 to $3.10 in a research report issued on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the real estate investment trust's stock. Wells Fargo & Company's price objective suggests a potential upside of 10.64% from the company's current price.

A number of other equities analysts have also recently issued reports on HPP. Wedbush reaffirmed a "neutral" rating on shares of Hudson Pacific Properties in a research note on Monday, May 5th. Piper Sandler set a $2.00 price objective on shares of Hudson Pacific Properties and gave the stock a "neutral" rating in a report on Friday, May 23rd. BTIG Research lowered their price target on shares of Hudson Pacific Properties from $8.00 to $4.75 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. BMO Capital Markets lowered their price target on shares of Hudson Pacific Properties from $4.00 to $3.50 and set an "outperform" rating on the stock in a research note on Friday, June 13th. Finally, Odeon Capital Group began coverage on shares of Hudson Pacific Properties in a research note on Monday, June 16th. They set a "buy" rating and a $5.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Hudson Pacific Properties presently has a consensus rating of "Hold" and a consensus price target of $3.11.

Hudson Pacific Properties Price Performance

Shares of Hudson Pacific Properties stock traded down $0.02 during midday trading on Wednesday, reaching $2.80. The company had a trading volume of 3,838,089 shares, compared to its average volume of 6,673,376. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of -1.00 and a beta of 1.63. The stock has a fifty day simple moving average of $2.64 and a 200 day simple moving average of $2.56. Hudson Pacific Properties has a 1-year low of $1.78 and a 1-year high of $5.56.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. Hudson Pacific Properties had a negative net margin of 53.76% and a negative return on equity of 15.10%. The business had revenue of $190.00 million during the quarter, compared to analyst estimates of $196.27 million. Hudson Pacific Properties has set its Q3 2025 guidance at 0.010-0.05 EPS. As a group, equities research analysts forecast that Hudson Pacific Properties will post 0.45 earnings per share for the current year.

Insider Buying and Selling at Hudson Pacific Properties

In other Hudson Pacific Properties news, Director Barry A. Sholem acquired 224,215 shares of the business's stock in a transaction on Thursday, June 12th. The stock was purchased at an average price of $2.23 per share, with a total value of $499,999.45. Following the acquisition, the director directly owned 400,743 shares of the company's stock, valued at approximately $893,656.89. This trade represents a 127.01% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Victor J. Coleman acquired 224,215 shares of the business's stock in a transaction on Thursday, June 12th. The stock was acquired at an average cost of $2.23 per share, with a total value of $499,999.45. Following the acquisition, the chief executive officer directly owned 711,666 shares in the company, valued at approximately $1,587,015.18. This trade represents a 46.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,139,007 shares of company stock worth $2,539,986 in the last ninety days. Insiders own 3.92% of the company's stock.

Institutional Trading of Hudson Pacific Properties

Institutional investors have recently bought and sold shares of the business. Abel Hall LLC bought a new stake in Hudson Pacific Properties in the 2nd quarter valued at about $28,000. Evergreen Capital Management LLC bought a new stake in Hudson Pacific Properties in the 2nd quarter valued at about $28,000. US Bancorp DE boosted its holdings in Hudson Pacific Properties by 1,053.7% in the 1st quarter. US Bancorp DE now owns 9,772 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 8,925 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in Hudson Pacific Properties in the 2nd quarter valued at about $29,000. Finally, Gerber Kawasaki Wealth & Investment Management bought a new stake in Hudson Pacific Properties in the 2nd quarter valued at about $32,000. Institutional investors own 97.58% of the company's stock.

About Hudson Pacific Properties

Hudson Pacific Properties NYSE: HPP is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.