Hudson Pacific Properties, Inc. (NYSE:HPP) Stock Has Average Price Target of $15.45

Hudson Pacific Properties, Inc. (NYSE:HPP) has earned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $15.45.

A number of brokerages recently commented on HPP. Morgan Stanley set a $9.00 price target on shares of Hudson Pacific Properties and gave the company an “underweight” rating in a research note on Wednesday, July 22nd. Piper Sandler restated an “overweight” rating and set a $15.00 price objective (down from $18.00) on shares of Hudson Pacific Properties in a research report on Monday. Weiss Ratings restated a “sell (d)” rating on shares of Hudson Pacific Properties in a report on Wednesday, August 26th. Cantor Fitzgerald boosted their price objective on Hudson Pacific Properties from $14.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Zacks Research lowered Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 8th.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HPP. IFP Advisors Inc grew its stake in shares of Hudson Pacific Properties by 4,560.0% in the second quarter. IFP Advisors Inc now owns 1,631 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 1,596 shares in the last quarter. Resona Asset Management Co. Ltd. raised its stake in Hudson Pacific Properties by 8.4% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 24,670 shares of the real estate investment trust’s stock worth $147,000 after purchasing an additional 1,918 shares in the last quarter. Allied Private Wealth LLC acquired a new stake in Hudson Pacific Properties in the 2nd quarter worth about $33,000. Cetera Investment Advisers boosted its holdings in Hudson Pacific Properties by 18.0% in the 1st quarter. Cetera Investment Advisers now owns 16,317 shares of the real estate investment trust’s stock valued at $96,000 after purchasing an additional 2,485 shares during the period. Finally, Sanctuary Advisors LLC grew its position in shares of Hudson Pacific Properties by 29.3% during the 1st quarter. Sanctuary Advisors LLC now owns 15,075 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 3,414 shares in the last quarter. Institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Price Performance

NYSE:HPP opened at $11.18 on Tuesday. Hudson Pacific Properties has a one year low of $5.26 and a one year high of $19.46. The company has a market cap of $606.52 million, a P/E ratio of -1.26, a P/E/G ratio of 0.91 and a beta of 1.96. The firm’s fifty day moving average price is $12.60 and its two-hundred day moving average price is $12.27. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.11 and a quick ratio of 1.11.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share for the quarter, missing the consensus estimate of ($0.72) by ($0.90). The company had revenue of $188.30 million during the quarter, compared to the consensus estimate 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. Equities analysts expect that Hudson Pacific Properties will post 1.15 earnings per share for the current year.

About Hudson Pacific Properties

Hudson Pacific Properties, Inc is a real estate investment trust (REIT) that owns, operates and develops office and studio properties. The company focuses on high-quality, well-located properties serving media, entertainment, technology and other knowledge-based industries.

Its office portfolio includes creative and traditional office buildings, while its studio platform operates soundstages, production facilities and related infrastructure through the Sunset Studios brand. These facilities support film and television production and are designed to accommodate the evolving needs of media and entertainment companies.

Hudson Pacific Properties primarily serves markets along the U.S.