Hudson Pacific Properties (NYSE:HPP) Receives “Underperform” Rating from Bank of America

Hudson Pacific Properties (NYSE:HPP)‘s stock had its “underperform” rating reissued by stock analysts at Bank of America in a report issued on Tuesday,Benzinga reports. They presently have a $14.00 target price on the real estate investment trust’s stock. Bank of America‘s price target would indicate a potential downside of 7.12% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. BTIG Research reaffirmed a “buy” rating and set a $26.00 price objective on shares of Hudson Pacific Properties in a report on Wednesday, May 6th. Morgan Stanley dropped their price objective on shares of Hudson Pacific Properties from $8.00 to $5.00 and set an “underweight” rating on the stock in a report on Tuesday, March 31st. Piper Sandler reaffirmed a “neutral” rating and set a $12.00 price objective (up from $6.50) on shares of Hudson Pacific Properties in a report on Thursday, May 28th. Jefferies Financial Group set a $8.00 price objective on shares of Hudson Pacific Properties and gave the company a “hold” rating in a report on Friday, March 6th. Finally, Citigroup reaffirmed a “neutral” rating and set a $13.00 price objective (up from $8.00) on shares of Hudson Pacific Properties in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $13.48.

Hudson Pacific Properties Stock Performance

NYSE:HPP opened at $15.07 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.65 and a quick ratio of 1.65. The business has a fifty day simple moving average of $10.42 and a two-hundred day simple moving average of $9.47. Hudson Pacific Properties has a 1 year low of $5.26 and a 1 year high of $21.70. The company has a market capitalization of $817.61 million, a P/E ratio of -1.49, a P/E/G ratio of 1.23 and a beta of 1.94.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.10. Hudson Pacific Properties had a negative return on equity of 19.05% and a negative net margin of 67.89%.The business had revenue of $181.85 million during the quarter, compared to the consensus estimate of $175.12 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. On average, analysts expect that Hudson Pacific Properties will post 1.06 earnings per share for the current year.

Institutional Investors Weigh In On Hudson Pacific Properties

Institutional investors and hedge funds have recently bought and sold shares of the stock. Evergreen Capital Management LLC purchased a new stake in Hudson Pacific Properties in the second quarter valued at approximately $28,000. Orion Porfolio Solutions LLC bought a new position in Hudson Pacific Properties during the third quarter valued at approximately $28,000. United Capital Financial Advisors LLC bought a new position in shares of Hudson Pacific Properties in the third quarter worth approximately $30,000. Integrated Wealth Concepts LLC bought a new position in shares of Hudson Pacific Properties in the third quarter worth approximately $32,000. Finally, US Bancorp DE grew its holdings in shares of Hudson Pacific Properties by 196.2% in the third quarter. US Bancorp DE now owns 12,485 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 8,270 shares during the last quarter. 97.58% of the stock is owned by hedge funds and other institutional investors.

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.