Hudson Pacific Properties (NYSE:HPP) Given New $13.50 Price Target at Wells Fargo & Company

Hudson Pacific Properties (NYSE:HPP) had its price target lowered by Wells Fargo & Company from $18.20 to $13.50 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

Other equities analysts also recently issued reports about the company. BMO Capital Markets restated a “market perform” rating on shares of Hudson Pacific Properties in a research report on Thursday, February 26th. Cantor Fitzgerald cut their target price on 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. BTIG Research set a $26.00 price target on Hudson Pacific Properties and gave the stock a “buy” rating in a report on Friday, January 2nd. Wall Street Zen raised Hudson Pacific Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Mizuho cut their price objective 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. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.11.

Hudson Pacific Properties Stock Performance

HPP opened at $5.63 on Thursday. The company has a 50 day simple moving average of $6.92 and a two-hundred day simple moving average of $11.94. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.78 and a quick ratio of 1.78. The firm has a market cap of $305.60 million, a P/E ratio of -0.43, a PEG ratio of 0.57 and a beta of 1.51. Hudson Pacific Properties has a 1-year low of $5.26 and a 1-year high of $21.70.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Thursday, February 26th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $256.03 million for the quarter, compared to analysts’ expectations of $168.02 million. Hudson Pacific Properties had a negative net margin of 69.12% and a negative return on equity of 19.89%. Hudson Pacific Properties has set its FY 2026 guidance at 0.960-1.060 EPS. Equities analysts forecast that Hudson Pacific Properties will post 0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hudson Pacific Properties

Hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC increased its stake in 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 worth $1,027,000 after acquiring an additional 203,283 shares during the last quarter. Caxton Associates LLP bought a new position in shares of Hudson Pacific Properties during the 1st quarter valued at approximately $82,000. Strs Ohio purchased a new position in shares of Hudson Pacific Properties in the first quarter valued at $73,000. Creative Planning grew its holdings 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 purchasing an additional 9,467 shares in the last quarter. Finally, Cetera Investment Advisers bought a new stake in Hudson Pacific Properties in the second quarter worth $62,000. 97.58% of the stock is currently 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.