Hudson Pacific Properties (NYSE:HPP) Hits New 12-Month Low – Here’s Why

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP) reached a new 52-week low on Tuesday . The stock traded as low as $11.47 and last traded at $11.5250, with a volume of 463940 shares trading hands. The stock had previously closed at $12.06.

Analyst Ratings Changes

HPP has been the subject of a number of research reports. Jefferies Financial Group dropped their target price on shares of Hudson Pacific Properties from $17.50 to $16.80 and set a “hold” rating on the stock in a report on Monday, October 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hudson Pacific Properties in a research report on Monday, December 1st. New Street Research set a $16.80 price objective on shares of Hudson Pacific Properties in a research note on Monday, October 13th. Piper Sandler reduced their price objective on shares of Hudson Pacific Properties from $21.00 to $17.50 and set a “neutral” rating for the company in a research note on Monday, November 10th. Finally, The Goldman Sachs Group set a $19.25 target price on Hudson Pacific Properties and gave the stock a “neutral” rating in a report on Tuesday, November 25th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Hudson Pacific Properties currently has a consensus rating of “Hold” and an average price target of $19.23.

Hudson Pacific Properties Trading Down 5.3%

The company’s 50 day simple moving average is $15.53 and its two-hundred day simple moving average is $17.41. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $619.04 million, a price-to-earnings ratio of -0.67 and a beta of 1.45.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. Hudson Pacific Properties had a negative return on equity of 16.24% and a negative net margin of 59.61%.The firm had revenue of $186.62 million during the quarter, compared to analyst estimates of $186.05 million. Hudson Pacific Properties has set its Q4 2025 guidance at 0.010-0.050 EPS. As a group, research analysts anticipate that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hudson Pacific Properties

A number of large investors have recently modified their holdings of the business. Hudson Bay Capital Management LP increased its holdings in shares of Hudson Pacific Properties by 1.0% during the third quarter. Hudson Bay Capital Management LP now owns 6,987,635 shares of the real estate investment trust’s stock valued at $19,286,000 after acquiring an additional 68,089 shares in the last quarter. Swiss Life Asset Management Ltd acquired a new position in Hudson Pacific Properties during the 3rd quarter valued at approximately $39,000. CIBC Bancorp USA Inc. purchased a new position in shares of Hudson Pacific Properties in the third quarter worth $109,000. Connective Capital Management LLC purchased a new position in shares of Hudson Pacific Properties in the third quarter worth $242,000. Finally, CANADA LIFE ASSURANCE Co lifted its stake in shares of Hudson Pacific Properties by 83.8% during the third quarter. CANADA LIFE ASSURANCE Co now owns 619,907 shares of the real estate investment trust’s stock worth $1,687,000 after buying an additional 282,543 shares during the period. Hedge funds and other institutional investors own 97.58% of the company’s stock.

About Hudson Pacific Properties

Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.