Hudson Pacific Properties (NYSE:HPP) Shares Gap Down – Should You Sell?

Hudson Pacific Properties, Inc. (NYSE:HPP) shares gapped down before the market opened on Tuesday . The stock had previously closed at $15.15, but opened at $14.37. Hudson Pacific Properties shares last traded at $14.8850, with a volume of 66,692 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Jefferies Financial Group set a $8.00 price target on Hudson Pacific Properties and gave the stock a “hold” rating in a research report on Friday, March 6th. BMO Capital Markets reaffirmed a “market perform” rating and set a $16.00 price target (up from $8.00) on shares of Hudson Pacific Properties in a research report on Monday. Wells Fargo & Company increased their target price on shares of Hudson Pacific Properties from $13.50 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Piper Sandler reissued a “neutral” rating and set a $12.00 target price (up from $6.50) on shares of Hudson Pacific Properties in a research note on Thursday, May 28th. Finally, Wall Street Zen lowered shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Hudson Pacific Properties has a consensus rating of “Hold” and a consensus price target of $13.48.

Hudson Pacific Properties Trading Down 8.6%

The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.28. The company has a fifty day moving average of $10.74 and a 200-day moving average of $9.51. The company has a market capitalization of $726.19 million, a price-to-earnings ratio of -1.33, a PEG ratio of 1.17 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 for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.10. Hudson Pacific Properties had a negative net margin of 67.89% and a negative return on equity of 19.05%. The business had revenue of $181.85 million for 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, equities research analysts anticipate that Hudson Pacific Properties, Inc. will post 1.06 earnings per share for the current fiscal year.

Institutional Trading of Hudson Pacific Properties

Several institutional investors have recently made changes to their positions in the company. Militia Capital Management LLC purchased a new stake in shares of Hudson Pacific Properties during the 1st quarter valued at approximately $1,904,000. Bank of America Corp DE raised its position in shares of Hudson Pacific Properties by 19.7% during the 1st quarter. Bank of America Corp DE now owns 288,272 shares of the real estate investment trust’s stock valued at $1,704,000 after buying an additional 47,463 shares during the period. California State Teachers Retirement System raised its position in shares of Hudson Pacific Properties by 61.8% during the 1st quarter. California State Teachers Retirement System now owns 82,344 shares of the real estate investment trust’s stock valued at $487,000 after buying an additional 31,452 shares during the period. Quantinno Capital Management LP increased its holdings in Hudson Pacific Properties by 347.8% in the 1st quarter. Quantinno Capital Management LP now owns 184,034 shares of the real estate investment trust’s stock valued at $1,088,000 after purchasing an additional 142,941 shares during the last quarter. Finally, Saba Capital Management L.P. increased its holdings in Hudson Pacific Properties by 49.8% in the 1st quarter. Saba Capital Management L.P. now owns 831,868 shares of the real estate investment trust’s stock valued at $4,916,000 after purchasing an additional 276,459 shares during the last quarter. Hedge funds and other institutional investors own 97.58% of the company’s stock.

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.