Hudson Pacific Properties (NYSE:HPP) Issues FY 2026 Earnings Guidance

Hudson Pacific Properties (NYSE:HPP) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.120-1.200 for the period, compared to the consensus earnings per share estimate of 1.050. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HPP. Morgan Stanley set a $9.00 price target on Hudson Pacific Properties and gave the company an “underweight” rating in a report on Wednesday, July 22nd. Mizuho boosted their price objective on shares of Hudson Pacific Properties from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Wells Fargo & Company upped their target price on shares of Hudson Pacific Properties from $13.50 to $14.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Piper Sandler raised shares of Hudson Pacific Properties from a “neutral” rating to an “overweight” rating and increased their target price for the company from $16.00 to $18.00 in a research report on Thursday. Finally, Citigroup reiterated a “neutral” rating and set a $13.00 price target (up from $8.00) on shares of Hudson Pacific Properties in a research note on Thursday, May 14th. Four research analysts have rated the stock with 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, Hudson Pacific Properties currently has a consensus rating of “Hold” and a consensus price target of $14.48.

Hudson Pacific Properties Stock Performance

Shares of HPP stock traded down $1.47 during trading hours on Thursday, hitting $13.50. The stock had a trading volume of 940,529 shares, compared to its average volume of 1,221,595. 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 firm has a market capitalization of $732.43 million, a PE ratio of -1.34, a PEG ratio of 1.04 and a beta of 1.90. The stock’s 50 day moving average is $14.73 and its 200 day moving average is $10.35. Hudson Pacific Properties has a twelve month low of $5.26 and a twelve month high of $21.70.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) EPS for the quarter, missing the consensus estimate of ($0.72) by ($0.90). 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 $188.30 million during the quarter, compared to analysts’ expectations of $181.80 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. As a group, research analysts forecast that Hudson Pacific Properties will post 1.14 earnings per share for the current fiscal year.

Key Headlines Impacting Hudson Pacific Properties

Here are the key news stories impacting Hudson Pacific Properties this week:

• Positive Sentiment: Funds from operations and revenue exceeded expectations. Hudson Pacific reported second-quarter Core FFO of $0.35 per diluted share, above the $0.28 consensus estimate, while revenue of $188.3 million also topped forecasts. Core FFO increased from $0.27 per share a year earlier. Hudson Pacific Properties Tops Q2 FFO and Revenue Estimates
• Positive Sentiment: Leasing trends and the outlook improved. The REIT executed 1.3 million square feet of office leases, lifted in-service office occupancy to 82.5%, and reported same-store cash NOI growth of 7.5%. Management raised its 2026 Core FFO guidance to $1.12-$1.20 per share, above the prior consensus estimate of $1.05. Hudson Pacific Properties Signals Leasing-Led Recovery
• Neutral Sentiment: Liquidity remains a mitigating factor. Hudson Pacific ended June with $876.1 million of total liquidity, which may help support operations and refinancing efforts, although the company continues to face challenging office-market conditions.
• Negative Sentiment: The reported net loss was materially worse than expected. Hudson Pacific posted a $104.7 million net loss, or a $1.62 loss per share, versus the $0.72 loss analysts expected. The loss also widened from $87.8 million a year earlier, raising concerns about profitability despite improved FFO. Hudson Pacific Properties Posts $105M Loss
• Negative Sentiment: Financing risk increased. A roughly $1.1 billion loan tied to Hudson Pacific’s Hollywood media properties was moved to special servicing, while the company secured an extension on the maturity. The extension provides additional time but signals lender concern and keeps refinancing pressure in focus. $1.1B Loan to Hudson Pacific and Blackstone Moves to Special Servicing

Institutional Trading of Hudson Pacific Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. grew its stake 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 purchasing an additional 8,646,463 shares during the last quarter. Conversant Capital LLC raised its stake in shares of Hudson Pacific Properties by 293.6% during the second quarter. Conversant Capital LLC now owns 10,700,000 shares of the real estate investment trust’s stock worth $29,318,000 after purchasing an additional 7,981,580 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Hudson Pacific Properties by 25.0% during the third quarter. Russell Investments Group Ltd. now owns 6,225,104 shares of the real estate investment trust’s stock worth $17,181,000 after purchasing an additional 1,245,435 shares during the last quarter. UBS Group AG lifted its holdings in shares of Hudson Pacific Properties by 657.0% during the third quarter. UBS Group AG now owns 5,617,697 shares of the real estate investment trust’s stock worth $15,505,000 after purchasing an additional 4,875,549 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Hudson Pacific Properties by 18,343.2% during the second quarter. Sei Investments Co. now owns 5,571,688 shares of the real estate investment trust’s stock worth $15,266,000 after purchasing an additional 5,541,478 shares during the period. 97.58% of the stock is owned by hedge funds and other institutional investors.

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.