Hudson Pacific Properties (NYSE:HPP) Shares Gap Down – Here’s What Happened

Hudson Pacific Properties, Inc. (NYSE:HPP) shares gapped down prior to trading on Monday. The stock had previously closed at $10.30, but opened at $9.85. Hudson Pacific Properties shares last traded at $9.70, with a volume of 58,431 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently weighed in on HPP. Citigroup reiterated 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. Weiss Ratings restated a “sell (d)” rating on shares of Hudson Pacific Properties in a research report on Wednesday, August 26th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $17.00 price target (up from $14.00) on shares of Hudson Pacific Properties in a research note on Tuesday, September 1st. Piper Sandler lowered Hudson Pacific Properties from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $15.00 to $13.00 in a research note on Monday. Finally, Morgan Stanley set a $9.00 price target on Hudson Pacific Properties and gave the stock an “underweight” rating in a report on Wednesday, July 22nd. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $15.27.

Hudson Pacific Properties Stock Performance

The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.33. The firm has a 50-day moving average price of $12.36 and a 200 day moving average price of $12.35. The firm has a market capitalization of $515.84 million, a PE ratio of -1.07, a price-to-earnings-growth ratio of 0.75 and a beta of 1.96.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm 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. Research analysts expect that Hudson Pacific Properties, Inc. will post 1.16 earnings per share for the current year.

Insider Activity

In other Hudson Pacific Properties news, Director Jon Bortz purchased 25,000 shares of Hudson Pacific Properties 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 completion of the transaction, the director 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.47% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Hudson Pacific Properties in the second quarter valued at $102,830,000. Valueworks LLC purchased a new position in Hudson Pacific Properties in the second quarter valued at $25,667,000. Wellington Management Group LLP acquired a new position in Hudson Pacific Properties during the 2nd quarter worth $23,325,000. Bank of America Corp DE acquired a new position in Hudson Pacific Properties during the 2nd quarter worth $5,138,000. Finally, Militia Capital Management LLC acquired a new position in Hudson Pacific Properties during the 1st quarter worth $1,904,000. Institutional investors and hedge funds own 97.58% of the company’s stock.

About Hudson Pacific Properties

Hudson Pacific Properties, Inc is a real estate investment trust (REIT) that owns, operates and develops office and studio properties. The company focuses on high-quality, well-located properties serving media, entertainment, technology and other knowledge-based industries.

Its office portfolio includes creative and traditional office buildings, while its studio platform operates soundstages, production facilities and related infrastructure through the Sunset Studios brand. These facilities support film and television production and are designed to accommodate the evolving needs of media and entertainment companies.

Hudson Pacific Properties primarily serves markets along the U.S.