Hudson Pacific Properties (NYSE:HPP) Shares Gap Up – Should You Buy?

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP) gapped up before the market opened on Friday. The stock had previously closed at $9.46, but opened at $10.62. Hudson Pacific Properties shares last traded at $10.5440, with a volume of 9,765 shares trading hands.

Wall Street Analyst Weigh In

HPP has been the topic of a number of research analyst reports. Morgan Stanley set a $9.00 target price on shares of Hudson Pacific Properties and gave the stock an “underweight” rating in a research note on Wednesday, July 22nd. Cantor Fitzgerald upped their target price on Hudson Pacific Properties from $14.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Citigroup reissued a “neutral” rating and set a $15.00 price target (up from $13.00) on shares of Hudson Pacific Properties in a research report on Thursday, August 13th. Zacks Research downgraded Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 8th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Hudson Pacific Properties in a research report on Wednesday, August 26th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Hudson Pacific Properties has an average rating of “Hold” and a consensus price target of $15.27.

Hudson Pacific Properties Stock Up 0.2%

The company has a market cap of $575.26 million, a PE ratio of -1.20, a price-to-earnings-growth ratio of 0.79 and a beta of 1.96. The business has a fifty day simple moving average of $12.18 and a two-hundred day simple moving average of $12.42. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.33.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported ($1.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.90). Hudson Pacific Properties had a negative net margin of 70.04% and a negative return on equity of 20.76%. The business had revenue of $188.30 million during the quarter, compared to analyst estimates of $181.80 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. As a group, equities research analysts predict that Hudson Pacific Properties, Inc. will post 1.16 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Jon Bortz bought 25,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average cost of $13.40 per share, for a total transaction of $335,000.00. Following the acquisition, the director directly owned 35,394 shares of the company’s stock, valued at $474,279.60. This trade represents a 240.52% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 2.47% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. IFP Advisors Inc lifted its holdings in shares of Hudson Pacific Properties by 4,560.0% in the 2nd quarter. IFP Advisors Inc now owns 1,631 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 1,596 shares during the last quarter. Allied Private Wealth LLC purchased a new stake in shares of Hudson Pacific Properties in the 2nd quarter valued at approximately $33,000. Allworth Financial LP acquired a new stake in Hudson Pacific Properties in the second quarter valued at $67,000. Legal & General Group Plc acquired a new position in Hudson Pacific Properties in the second quarter valued at approximately $80,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Hudson Pacific Properties in the 2nd quarter valued at $119,000. Institutional investors and hedge funds own 97.58% of the company’s stock.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties, Inc is a real estate investment trust that owns, operates and develops office and studio properties in major technology, media and entertainment markets. The company’s portfolio is focused primarily on the West Coast of the United States and Vancouver, Canada, with properties designed for businesses in the technology, media and creative industries.

Hudson Pacific’s office business includes creative office campuses and traditional office buildings that it leases to companies across sectors such as technology, entertainment and professional services.