Hudson Pacific Properties (NYSE:HPP) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Hudson Pacific Properties (NYSE:HPP) from a hold rating to a sell rating in a report issued on Saturday.

A number of other equities research analysts also recently commented on HPP. Citigroup reaffirmed a “neutral” rating and issued a $13.00 price objective (up from $8.00) on shares of Hudson Pacific Properties in a research report on Thursday, May 14th. Mizuho raised their price target on Hudson Pacific Properties from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. BTIG Research restated a “buy” rating and issued a $26.00 price target on shares of Hudson Pacific Properties in a report on Wednesday, May 6th. Cantor Fitzgerald upped their price objective on shares of Hudson Pacific Properties from $14.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Bank of America reiterated an “underperform” rating and set a $14.00 price objective on shares of Hudson Pacific Properties in a report on Tuesday, June 16th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $15.07.

Hudson Pacific Properties Stock Performance

NYSE:HPP opened at $14.34 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.11 and a quick ratio of 1.65. The firm has a market cap of $777.96 million, a PE ratio of -1.62, a P/E/G ratio of 1.07 and a beta of 1.90. The firm has a 50 day simple moving average of $14.81 and a 200-day simple moving average of $10.40. Hudson Pacific Properties has a 1-year low of $5.26 and a 1-year high of $21.70.

Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.90). The firm had revenue of $188.30 million for the quarter, compared to analyst estimates 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. On average, equities analysts expect that Hudson Pacific Properties will post 1.11 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Resona Asset Management Co. Ltd. boosted its holdings in Hudson Pacific Properties by 8.4% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 24,670 shares of the real estate investment trust’s stock worth $147,000 after acquiring an additional 1,918 shares during the period. Allied Private Wealth LLC purchased a new stake in shares of Hudson Pacific Properties during the second quarter valued at approximately $33,000. Cetera Investment Advisers lifted its position in shares of Hudson Pacific Properties by 18.0% during the first quarter. Cetera Investment Advisers now owns 16,317 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 2,485 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Hudson Pacific Properties by 29.3% during the first quarter. Sanctuary Advisors LLC now owns 15,075 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 3,414 shares in the last quarter. Finally, State of Wyoming boosted its stake in shares of Hudson Pacific Properties by 22.5% in the first quarter. State of Wyoming now owns 30,214 shares of the real estate investment trust’s stock valued at $179,000 after purchasing an additional 5,543 shares during the period. 97.58% of the stock is owned by institutional investors and hedge funds.

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.