Hudson Pacific Properties, Inc. (NYSE:HPP) Short Interest Down 13.3% in February

Hudson Pacific Properties, Inc. (NYSE:HPP) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 5,004,616 shares, a drop of 13.3% from the February 12th total of 5,770,381 shares. Currently, 9.6% of the company’s shares are short sold. Based on an average daily volume of 1,590,558 shares, the days-to-cover ratio is currently 3.1 days. Based on an average daily volume of 1,590,558 shares, the days-to-cover ratio is currently 3.1 days. Currently, 9.6% of the company’s shares are short sold.

Hudson Pacific Properties Trading Down 1.5%

Hudson Pacific Properties stock opened at $6.06 on Thursday. The company’s fifty day simple moving average is $7.78 and its 200-day simple moving average is $13.04. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 1.25. Hudson Pacific Properties has a 12 month low of $5.55 and a 12 month high of $22.89. The stock has a market cap of $328.44 million, a P/E ratio of -0.47, a P/E/G ratio of 0.65 and a beta of 1.50.

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

Institutional Investors Weigh In On Hudson Pacific Properties

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ethic Inc. bought a new stake in shares of Hudson Pacific Properties in the 3rd quarter valued at approximately $28,000. Evergreen Capital Management LLC acquired a new position in Hudson Pacific Properties in the second quarter worth approximately $28,000. Orion Porfolio Solutions LLC bought a new position in Hudson Pacific Properties during the third quarter valued at approximately $28,000. Discipline Wealth Solutions LLC bought a new position in Hudson Pacific Properties during the third quarter valued at approximately $30,000. Finally, United Capital Financial Advisors LLC acquired a new stake in Hudson Pacific Properties in the third quarter valued at approximately $30,000. 97.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hudson Pacific Properties in a research note on Monday, December 29th. Mizuho dropped their target price on shares of Hudson Pacific Properties from $21.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, December 12th. Wells Fargo & Company set a $2.60 price target on shares of Hudson Pacific Properties in a report on Tuesday, November 25th. BTIG Research set a $26.00 price target on shares of Hudson Pacific Properties and gave the company a “buy” rating in a research report on Friday, January 2nd. Finally, The Goldman Sachs Group set a $14.50 price objective on shares of Hudson Pacific Properties and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hudson Pacific Properties presently has a consensus rating of “Hold” and an average target price of $13.74.

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.