Morgan Stanley Increases Hudson Pacific Properties (NYSE:HPP) Price Target to $14.00

by · The Cerbat Gem

Hudson Pacific Properties (NYSE:HPP – Get Free Report) had its target price boosted by stock analysts at Morgan Stanley to $14.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the real estate investment trust’s stock. Morgan Stanley’s price objective points to a potential downside of 0.60% from the company’s current price.

Several other brokerages also recently issued reports on HPP. Wells Fargo & Company set a $2.60 price objective on shares of Hudson Pacific Properties in a research report on Tuesday, November 25th. New Street Research set a $16.80 target price on shares of Hudson Pacific Properties in a research note on Monday, October 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hudson Pacific Properties in a research note on Monday, November 24th. Piper Sandler cut their price target on Hudson Pacific Properties from $21.00 to $17.50 and set a “neutral” rating on the stock in a report on Monday, November 10th. Finally, Jefferies Financial Group reduced their price objective on Hudson Pacific Properties from $17.50 to $16.80 and set a “hold” rating for the company in a research report on Monday, October 13th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $19.69.

Get Our Latest Analysis on Hudson Pacific Properties

Hudson Pacific Properties Stock Up 1.6%

Shares of NYSE:HPP traded up $0.23 during trading on Tuesday, hitting $14.09. 501,506 shares of the company’s stock traded hands, compared to its average volume of 752,548. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.17. The company has a 50-day moving average price of $16.31 and a 200-day moving average price of $17.41. Hudson Pacific Properties has a 52 week low of $11.69 and a 52 week high of $27.06. The company has a market cap of $5.35 billion, a price-to-earnings ratio of -5.01 and a beta of 1.45.

Hudson Pacific Properties (NYSE:HPP – Get Free Report) last posted its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $186.62 million during the quarter, compared to analysts’ expectations of $186.05 million. Hudson Pacific Properties had a negative return on equity of 15.10% and a negative net margin of 53.76%.Hudson Pacific Properties has set its Q4 2025 guidance at 0.010-0.050 EPS. As a group, research analysts forecast that Hudson Pacific Properties will post 0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Hudson Pacific Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Xponance Inc. boosted its stake in shares of Hudson Pacific Properties by 19.9% during the 3rd quarter. Xponance Inc. now owns 29,100 shares of the real estate investment trust’s stock worth $80,000 after buying an additional 4,821 shares during the last quarter. Resona Asset Management Co. Ltd. raised its holdings in Hudson Pacific Properties by 8.8% during the first quarter. Resona Asset Management Co. Ltd. now owns 62,503 shares of the real estate investment trust’s stock worth $186,000 after acquiring an additional 5,051 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Hudson Pacific Properties by 1.0% during the third quarter. Envestnet Asset Management Inc. now owns 576,274 shares of the real estate investment trust’s stock worth $1,591,000 after acquiring an additional 5,544 shares in the last quarter. Ballentine Partners LLC boosted its position in Hudson Pacific Properties by 25.4% during the third quarter. Ballentine Partners LLC now owns 28,201 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 5,709 shares during the last quarter. Finally, Metis Global Partners LLC grew its stake in Hudson Pacific Properties by 43.8% in the second quarter. Metis Global Partners LLC now owns 23,273 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 7,090 shares in the last quarter. 97.58% of the stock is owned by institutional investors.

Hudson Pacific Properties Company Profile

(Get Free Report)

Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.

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