Hudson Pacific Properties (NYSE:HPP) Receives “Underperform” Rating from Bank of America

Hudson Pacific Properties (NYSE:HPP)‘s stock had its “underperform” rating reaffirmed by investment analysts at Bank of America in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $14.00 price objective on the real estate investment trust’s stock. Bank of America‘s target price points to a potential downside of 7.12% from the company’s current price.

A number of other brokerages have also commented on HPP. BTIG Research restated a “buy” rating and set a $26.00 price target on shares of Hudson Pacific Properties in a research note on Wednesday, May 6th. Weiss Ratings restated a “sell (d)” rating on shares of Hudson Pacific Properties in a research note on Friday, May 29th. Wall Street Zen lowered shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Morgan Stanley decreased their price target on shares of Hudson Pacific Properties from $8.00 to $5.00 and set an “underweight” rating for the company in a research note on Tuesday, March 31st. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $16.00 price objective (up from $8.00) on shares of Hudson Pacific Properties in a report on Monday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $13.48.

Hudson Pacific Properties Stock Performance

Shares of HPP stock opened at $15.07 on Tuesday. The firm has a market capitalization of $817.61 million, a PE ratio of -1.49, a price-to-earnings-growth ratio of 1.23 and a beta of 1.94. The firm has a fifty day simple moving average of $10.42 and a two-hundred day simple moving average of $9.47. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.28. Hudson Pacific Properties has a 12 month low of $5.26 and a 12 month high of $21.70.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) EPS for the quarter, beating analysts’ consensus estimates of ($0.92) by $0.10. The business had revenue of $181.85 million during the quarter, compared to analyst estimates of $175.12 million. Hudson Pacific Properties had a negative net margin of 67.89% and a negative return on equity of 19.05%. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. Analysts forecast that Hudson Pacific Properties will post 1.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Hudson Pacific Properties

A number of hedge funds have recently bought and sold shares of HPP. Evergreen Capital Management LLC purchased a new position in Hudson Pacific Properties during the 2nd quarter worth $28,000. Orion Porfolio Solutions LLC purchased a new position in shares of Hudson Pacific Properties in the 3rd quarter worth about $28,000. United Capital Financial Advisors LLC purchased a new position in shares of Hudson Pacific Properties in the 3rd quarter worth about $30,000. Integrated Wealth Concepts LLC purchased a new position in shares of Hudson Pacific Properties in the 3rd quarter worth about $32,000. Finally, US Bancorp DE boosted its holdings in shares of Hudson Pacific Properties by 196.2% in the 3rd quarter. US Bancorp DE now owns 12,485 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 8,270 shares during the last quarter. 97.58% of the stock is owned by hedge funds and other institutional investors.

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.