Hudson Pacific Properties, Inc. (NYSE:HPP) Receives $14.82 Average Target Price from Analysts

Hudson Pacific Properties, Inc. (NYSE:HPP) has been given an average rating of “Hold” by the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $13.4833.

HPP has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on Hudson Pacific Properties from $13.50 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. BMO Capital Markets reiterated a “market perform” rating and set a $16.00 target price (up from $8.00) on shares of Hudson Pacific Properties in a research note on Monday. Piper Sandler reissued a “neutral” rating and issued a $12.00 target price (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 target on Hudson Pacific Properties and gave the company a “hold” rating in a research note on Friday, March 6th. Finally, Zacks Research raised Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd.

Institutional Investors Weigh In On Hudson Pacific Properties

Institutional investors have recently added to or reduced their stakes in the business. Balyasny Asset Management L.P. grew its position in shares of Hudson Pacific Properties by 122.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 15,712,981 shares of the real estate investment trust’s stock valued at $43,054,000 after buying an additional 8,646,463 shares during the last quarter. Conversant Capital LLC lifted its position in Hudson Pacific Properties by 293.6% in the second quarter. Conversant Capital LLC now owns 10,700,000 shares of the real estate investment trust’s stock valued at $29,318,000 after acquiring an additional 7,981,580 shares during the last quarter. Sei Investments Co. boosted its stake in Hudson Pacific Properties by 18,343.2% in the second quarter. Sei Investments Co. now owns 5,571,688 shares of the real estate investment trust’s stock valued at $15,266,000 after acquiring an additional 5,541,478 shares in the last quarter. UBS Group AG boosted its stake in Hudson Pacific Properties by 657.0% in the third quarter. UBS Group AG now owns 5,617,697 shares of the real estate investment trust’s stock valued at $15,505,000 after acquiring an additional 4,875,549 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Hudson Pacific Properties by 14.3% during the third quarter. Vanguard Group Inc. now owns 38,453,976 shares of the real estate investment trust’s stock worth $106,133,000 after purchasing an additional 4,815,234 shares during the last quarter. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Stock Down 0.5%

Shares of NYSE:HPP traded down $0.08 during trading on Wednesday, hitting $14.57. The company’s stock had a trading volume of 22,822 shares, compared to its average volume of 1,329,892. Hudson Pacific Properties has a fifty-two week low of $5.26 and a fifty-two week high of $21.70. The business has a 50 day moving average price of $10.60 and a two-hundred day moving average price of $9.51. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.65 and a current ratio of 1.65. The company has a market capitalization of $790.01 million, a PE ratio of -1.44, a P/E/G ratio of 1.21 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, beating 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 firm had revenue of $181.85 million during the quarter, compared to analyst estimates of $175.12 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. As a group, research analysts expect that Hudson Pacific Properties will post 1.06 EPS for the current fiscal year.

About Hudson Pacific Properties

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.