Hudson Pacific Properties (NYSE:HPP) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Hudson Pacific Properties (NYSE:HPP) from a hold rating to a sell rating in a research note published on Sunday,Wall Street Zen reports.

Other analysts have also recently issued research reports about the company. Piper Sandler upgraded Hudson Pacific Properties from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $16.00 to $18.00 in a report on Thursday, August 6th. Bank of America reissued an “underperform” rating and issued a $14.00 target price on shares of Hudson Pacific Properties in a research report on Tuesday, June 16th. Morgan Stanley set a $9.00 price target on shares of Hudson Pacific Properties and gave the stock an “underweight” rating in a research report on Wednesday, July 22nd. Zacks Research downgraded shares of Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 8th. Finally, Cantor Fitzgerald lifted their price target on shares of Hudson Pacific Properties from $14.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $15.82.

Hudson Pacific Properties Stock Performance

Shares of HPP opened at $12.07 on Friday. Hudson Pacific Properties has a 1 year low of $5.26 and a 1 year high of $20.06. The company’s 50 day simple moving average is $13.63 and its 200 day simple moving average is $11.63. The company has a market capitalization of $655.31 million, a price-to-earnings ratio of -1.36, a PEG ratio of 1.13 and a beta of 1.89. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.11 and a current ratio of 1.11.

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 the consensus estimate of ($0.72) by ($0.90). The business had revenue of $188.30 million for the quarter, compared to analyst estimates of $181.80 million. Hudson Pacific Properties had a negative return on equity of 20.76% and a negative net margin of 70.04%.Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. On average, sell-side analysts predict that Hudson Pacific Properties will post 1.12 EPS for the current year.

Insider Buying and Selling at Hudson Pacific Properties

In other Hudson Pacific Properties news, Director Jon Bortz purchased 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of $13.40 per share, with a total value of $335,000.00. Following the transaction, the director owned 35,394 shares in the company, valued at approximately $474,279.60. This trade represents a 240.52% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.47% of the company’s stock.

Hedge Funds Weigh In On Hudson Pacific Properties

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Hudson Pacific Properties during the 2nd quarter worth approximately $102,830,000. Valueworks LLC acquired a new stake in shares of Hudson Pacific Properties during the second quarter worth approximately $25,667,000. Wellington Management Group LLP acquired a new stake in shares of Hudson Pacific Properties during the second quarter worth approximately $23,325,000. Saba Capital Management L.P. increased its stake in shares of Hudson Pacific Properties by 49.8% in 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 last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Hudson Pacific Properties by 14.6% in the first quarter. Dimensional Fund Advisors LP now owns 705,984 shares of the real estate investment trust’s stock worth $4,172,000 after buying an additional 89,787 shares during the last quarter. 97.58% of the stock is owned by institutional investors and hedge funds.

About Hudson Pacific Properties

Hudson Pacific Properties, Inc (NYSE:HPP) is a real estate investment trust that owns, operates and develops office and studio properties. The company focuses on properties serving technology, media and entertainment tenants, with offerings that include creative office space, soundstages, production facilities and related studio infrastructure.

Hudson Pacific’s portfolio is concentrated in major markets along the West Coast of the United States and in Vancouver, British Columbia. Its studio operations are conducted under the Sunset Studios brand and support film and television production through soundstages, production offices and other specialized facilities.