Zacks Research Downgrades Hudson Pacific Properties (NYSE:HPP) to Hold

Hudson Pacific Properties (NYSE:HPP) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday, Zacks reports.

Several other equities analysts have also weighed in on HPP. Wall Street Zen lowered Hudson Pacific Properties from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Citigroup reaffirmed a “neutral” rating and set a $15.00 price objective (up from $13.00) on shares of Hudson Pacific Properties in a report on Thursday, August 13th. Cantor Fitzgerald boosted their price target on shares of Hudson Pacific Properties from $14.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Bank of America reaffirmed an “underperform” rating and issued a $14.00 price objective on shares of Hudson Pacific Properties in a report on Tuesday, June 16th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $16.00 price objective (up from $8.00) on shares of Hudson Pacific Properties in a research note on Monday, June 15th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.82.

Hudson Pacific Properties Stock Down 2.0%

Shares of NYSE:HPP opened at $11.92 on Tuesday. Hudson Pacific Properties has a 1 year low of $5.26 and a 1 year high of $21.07. The company has a market capitalization of $646.74 million, a PE ratio of -1.35, a price-to-earnings-growth ratio of 1.12 and a beta of 1.89. The business has a fifty day moving average price of $14.37 and a two-hundred day moving average price of $11.32. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.11 and a quick ratio of 1.11.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.90). The company had revenue of $188.30 million during the quarter, compared to analysts’ expectations of $181.80 million. Hudson Pacific Properties had a negative return on equity of 20.76% and a negative net margin of 70.04%.Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. Analysts forecast that Hudson Pacific Properties will post 1.12 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Jon Bortz bought 25,000 shares of Hudson Pacific Properties stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average price of $13.40 per share, with a total value of $335,000.00. Following the completion of the purchase, the director directly owned 35,394 shares in the company, valued at $474,279.60. The trade was a 240.52% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 2.47% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hudson Pacific Properties

A number of hedge funds and other institutional investors have recently modified their holdings of HPP. IFP Advisors Inc raised its holdings in shares of Hudson Pacific Properties by 4,560.0% during the 2nd quarter. IFP Advisors Inc now owns 1,631 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 1,596 shares in the last quarter. Evergreen Capital Management LLC purchased a new position in shares of Hudson Pacific Properties during the second quarter worth approximately $28,000. Orion Porfolio Solutions LLC purchased a new position in shares of Hudson Pacific Properties during the third quarter worth approximately $28,000. United Capital Financial Advisors LLC bought a new stake in shares of Hudson Pacific Properties in the 3rd quarter worth approximately $30,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Hudson Pacific Properties in the 3rd quarter worth approximately $32,000. 97.58% of the stock is currently 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.