Wells Fargo & Company Issues Pessimistic Forecast for Hudson Pacific Properties (NYSE:HPP) Stock Price

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 price target reduced by research analysts at Wells Fargo & Company from $3.40 to $3.10 in a report released on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the real estate investment trust's stock. Wells Fargo & Company's price objective would suggest a potential upside of 14.60% from the stock's previous close.

Several other equities analysts also recently weighed in on the company. Piper Sandler set a $2.00 target price on Hudson Pacific Properties and gave the stock a "neutral" rating in a research report on Friday, May 23rd. BTIG Research reduced their target price on Hudson Pacific Properties from $8.00 to $4.75 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. Odeon Capital Group initiated coverage on Hudson Pacific Properties in a research report on Monday, June 16th. They set a "buy" rating and a $5.00 target price on the stock. BMO Capital Markets reduced their target price on Hudson Pacific Properties from $4.00 to $3.50 and set an "outperform" rating on the stock in a research report on Friday, June 13th. Finally, Wedbush reiterated a "neutral" rating on shares of Hudson Pacific Properties in a research report on Monday, May 5th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Hudson Pacific Properties currently has a consensus rating of "Hold" and an average target price of $3.11.

Hudson Pacific Properties Price Performance

Shares of NYSE:HPP traded up $0.04 on Wednesday, hitting $2.71. The company had a trading volume of 832,553 shares, compared to its average volume of 5,084,753. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.17. Hudson Pacific Properties has a 52-week low of $1.78 and a 52-week high of $5.56. The business has a 50 day moving average of $2.64 and a 200 day moving average of $2.57. The company has a market cap of $1.03 billion, a PE ratio of -0.96 and a beta of 1.59.

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

Insiders Place Their Bets

In related news, President Mark T. Lammas bought 22,421 shares of the stock in a transaction dated Thursday, June 12th. The stock was acquired at an average price of $2.23 per share, for a total transaction of $49,998.83. Following the completion of the purchase, the president owned 141,578 shares in the company, valued at $315,718.94. This represents a 18.82% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barry A. Sholem acquired 224,215 shares of the stock in a transaction on Thursday, June 12th. The shares were acquired at an average price of $2.23 per share, with a total value of $499,999.45. Following the purchase, the director owned 400,743 shares in the company, valued at $893,656.89. This represents a 127.01% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 1,139,007 shares of company stock valued at $2,539,986. Company insiders own 3.92% of the company's stock.

Institutional Investors Weigh In On Hudson Pacific Properties

Hedge funds have recently bought and sold shares of the business. Millennium Management LLC grew its stake in Hudson Pacific Properties by 303.5% during the 4th quarter. Millennium Management LLC now owns 7,384,275 shares of the real estate investment trust's stock valued at $22,374,000 after purchasing an additional 5,554,444 shares in the last quarter. Bank of America Corp DE grew its stake in Hudson Pacific Properties by 113.8% during the 4th quarter. Bank of America Corp DE now owns 1,129,267 shares of the real estate investment trust's stock valued at $3,422,000 after purchasing an additional 601,074 shares in the last quarter. DigitalBridge Group Inc. acquired a new stake in Hudson Pacific Properties during the 4th quarter valued at approximately $2,199,000. Point72 Asset Management L.P. acquired a new stake in Hudson Pacific Properties during the 4th quarter valued at approximately $773,000. Finally, D. E. Shaw & Co. Inc. grew its stake in Hudson Pacific Properties by 95.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,605,516 shares of the real estate investment trust's stock valued at $7,895,000 after purchasing an additional 1,275,236 shares in the last quarter. Institutional investors and hedge funds own 97.58% of the company's stock.

Hudson Pacific Properties Company Profile

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.

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