Morgan Stanley Cuts Hudson Pacific Properties (NYSE:HPP) Price Target to $5.00

Hudson Pacific Properties (NYSE:HPP) had its target price decreased by Morgan Stanley from $8.00 to $5.00 in a report released on Tuesday morning,Benzinga reports. Morgan Stanley currently has an underweight rating on the real estate investment trust’s stock.

HPP has been the subject of several other research reports. BTIG Research set a $26.00 price target on Hudson Pacific Properties and gave the stock a “buy” rating in a research note on Friday, January 2nd. Mizuho dropped their target price on shares of Hudson Pacific Properties from $21.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, December 12th. Cantor Fitzgerald cut their target price on shares of Hudson Pacific Properties from $13.00 to $10.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. BMO Capital Markets reaffirmed a “market perform” rating on shares of Hudson Pacific Properties in a report on Thursday, February 26th. Finally, Citigroup raised their price objective on shares of Hudson Pacific Properties from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Monday, March 2nd. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $14.11.

Hudson Pacific Properties Trading Up 2.3%

Shares of Hudson Pacific Properties stock opened at $5.63 on Tuesday. Hudson Pacific Properties has a 12-month low of $5.26 and a 12-month high of $21.70. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.25. The stock has a market cap of $305.60 million, a PE ratio of -0.43, a price-to-earnings-growth ratio of 0.57 and a beta of 1.51. The company has a 50-day moving average of $6.92 and a two-hundred day moving average of $11.94.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $256.03 million for 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. On average, research analysts anticipate that Hudson Pacific Properties will post 0.45 EPS for the current fiscal year.

Institutional Trading of Hudson Pacific Properties

Institutional investors have recently modified their holdings of the company. AQR Capital Management LLC raised its stake in shares of Hudson Pacific Properties by 140.3% in the 1st quarter. AQR Capital Management LLC now owns 348,203 shares of the real estate investment trust’s stock valued at $1,027,000 after acquiring an additional 203,283 shares during the period. Caxton Associates LLP acquired a new position in shares of Hudson Pacific Properties during the first quarter worth about $82,000. Strs Ohio purchased a new stake in shares of Hudson Pacific Properties in the first quarter worth about $73,000. Creative Planning grew its stake in shares of Hudson Pacific Properties by 25.8% in the second quarter. Creative Planning now owns 46,095 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 9,467 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of Hudson Pacific Properties during the 2nd quarter valued at about $62,000. Hedge funds and other institutional investors own 97.58% of the company’s stock.

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.