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

Zacks Research downgraded shares of Hudson Pacific Properties (NYSE:HPP) from a strong-buy rating to a hold rating in a report released on Tuesday morning,Zacks reports.

A number of other research analysts also recently issued reports on the stock. Citigroup reaffirmed a “neutral” rating and issued a $15.00 price objective (up from $13.00) on shares of Hudson Pacific Properties in a research report on Thursday, August 13th. Bank of America reissued an “underperform” rating and issued a $14.00 target price on shares of Hudson Pacific Properties in a research report on Tuesday, June 16th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $16.00 target price on shares of Hudson Pacific Properties in a research report on Monday, August 10th. Cantor Fitzgerald lifted 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, August 7th. Finally, Wall Street Zen lowered shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Four research 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $15.82.

Hudson Pacific Properties Stock Down 2.0%

Shares of NYSE HPP opened at $11.92 on Tuesday. The stock has a market capitalization of $646.74 million, a price-to-earnings ratio of -1.35, a P/E/G ratio of 1.12 and a beta of 1.89. Hudson Pacific Properties has a 12-month low of $5.26 and a 12-month high of $21.07. The firm’s 50-day moving average price is $14.37 and its 200-day moving average price is $11.32. 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 issued its quarterly 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 business had revenue of $188.30 million for the quarter, compared to the consensus estimate 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 research analysts anticipate that Hudson Pacific Properties will post 1.12 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Jon Bortz acquired 25,000 shares of the company’s stock in a transaction dated 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 purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.47% of the company’s stock.

Hedge Funds Weigh In On Hudson Pacific Properties

Several large investors have recently made changes to their positions in the company. IFP Advisors Inc grew its position in Hudson Pacific Properties by 4,560.0% during the second 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 during the period. Allied Private Wealth LLC purchased a new position in shares of Hudson Pacific Properties in the 2nd quarter valued at about $33,000. Allworth Financial LP acquired a new position in Hudson Pacific Properties in the 2nd quarter worth about $67,000. Legal & General Group Plc purchased a new position in Hudson Pacific Properties during the second quarter worth approximately $80,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Hudson Pacific Properties during the second quarter worth approximately $119,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

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.