Hudson Pacific Properties (NYSE:HPP) Stock Rating Lowered by Wall Street Zen

Hudson Pacific Properties (NYSE:HPP) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Other analysts have also issued reports about the stock. BMO Capital Markets reissued a “market perform” rating and set a $16.00 target price (up from $8.00) on shares of Hudson Pacific Properties in a research note on Monday, June 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $12.00 price target (up from $7.50) on shares of Hudson Pacific Properties in a research note on Tuesday, May 19th. Weiss Ratings reiterated a “sell (d)” rating on shares of Hudson Pacific Properties in a report on Friday, May 29th. Morgan Stanley set a $9.00 price objective on shares of Hudson Pacific Properties and gave the company an “underweight” rating in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company upped their target price on shares of Hudson Pacific Properties from $13.50 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.07.

Hudson Pacific Properties Trading Down 0.1%

Shares of NYSE HPP opened at $14.34 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.65 and a current ratio of 1.11. The business’s 50 day moving average price is $14.81 and its 200-day moving average price is $10.41. Hudson Pacific Properties has a fifty-two week low of $5.26 and a fifty-two week high of $21.70. The company has a market cap of $777.96 million, a price-to-earnings ratio of -1.62, a PEG ratio of 1.10 and a beta of 1.90.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.90). The business had revenue of $188.30 million for the quarter, compared to analysts’ expectations of $181.80 million. Hudson Pacific Properties had a negative net margin of 70.04% and a negative return on equity of 20.76%. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. On average, sell-side analysts expect that Hudson Pacific Properties will post 1.11 earnings per share for the current year.

Hedge Funds Weigh In On Hudson Pacific Properties

Institutional investors have recently made changes to their positions in the company. Militia Capital Management LLC purchased a new position in Hudson Pacific Properties during the first quarter valued at approximately $1,904,000. Whitebox Advisors LLC lifted its holdings in Hudson Pacific Properties by 1,618.4% during the first quarter. Whitebox Advisors LLC now owns 189,080 shares of the real estate investment trust’s stock worth $1,117,000 after buying an additional 178,077 shares during the period. Saba Capital Management L.P. lifted its holdings in Hudson Pacific Properties by 49.8% during the first quarter. Saba Capital Management L.P. now owns 831,868 shares of the real estate investment trust’s stock worth $4,916,000 after buying an additional 276,459 shares during the period. Inspire Investing LLC boosted its position in Hudson Pacific Properties by 98.2% during the 1st quarter. Inspire Investing LLC now owns 84,807 shares of the real estate investment trust’s stock valued at $501,000 after acquiring an additional 42,021 shares in the last quarter. Finally, Purpose Unlimited Inc. bought a new stake in Hudson Pacific Properties during the 4th quarter valued at $4,739,000. 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 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.