Hudson Pacific Properties, Inc. (NYSE:HPP) Receives Average Recommendation of “Hold” from Brokerages

Hudson Pacific Properties, Inc. (NYSE:HPP) has earned a consensus recommendation of “Hold” from the fourteen analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $13.7417.

A number of brokerages have recently commented on HPP. Wall Street Zen raised shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research note on Saturday. Wells Fargo & Company set a $2.60 price target on shares of Hudson Pacific Properties in a research report on Tuesday, November 25th. Zacks Research raised Hudson Pacific Properties from a “strong sell” rating to a “hold” rating in a research report on Thursday. Piper Sandler set a $10.00 target price on Hudson Pacific Properties in a research report on Tuesday, January 27th. Finally, Citigroup increased their target price on Hudson Pacific Properties from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Hudson Pacific Properties by 14.3% during the 3rd quarter. Vanguard Group Inc. now owns 38,453,976 shares of the real estate investment trust’s stock valued at $106,133,000 after purchasing an additional 4,815,234 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in Hudson Pacific Properties by 122.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 15,712,981 shares of the real estate investment trust’s stock worth $43,054,000 after buying an additional 8,646,463 shares in the last quarter. Principal Financial Group Inc. boosted its position in Hudson Pacific Properties by 20.1% in the 3rd quarter. Principal Financial Group Inc. now owns 12,196,771 shares of the real estate investment trust’s stock valued at $33,663,000 after buying an additional 2,039,627 shares during the last quarter. Conversant Capital LLC grew its stake in shares of Hudson Pacific Properties by 293.6% during the second quarter. Conversant Capital LLC now owns 10,700,000 shares of the real estate investment trust’s stock valued at $29,318,000 after acquiring an additional 7,981,580 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in shares of Hudson Pacific Properties by 357.1% during the second quarter. Prudential Financial Inc. now owns 10,686,082 shares of the real estate investment trust’s stock valued at $29,280,000 after acquiring an additional 8,348,371 shares in the last quarter. 97.58% of the stock is owned by institutional investors and hedge funds.

Hudson Pacific Properties Stock Down 6.6%

HPP opened at $6.99 on Monday. The firm has a 50 day moving average price of $8.49 and a 200 day moving average price of $13.73. The company has a market cap of $379.14 million, a PE ratio of -0.54 and a beta of 1.50. Hudson Pacific Properties has a 1 year low of $5.55 and a 1 year high of $22.89. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.78 and a current ratio of 1.78.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. The firm had revenue of $256.03 million for the quarter, compared to analyst estimates of $168.02 million. Hudson Pacific Properties had a negative net margin of 69.12% and a negative return on equity of 19.89%. Hudson Pacific Properties has set its FY 2026 guidance at 0.960-1.060 EPS. Sell-side analysts expect that Hudson Pacific Properties will post 0.45 earnings per share for the current year.

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.