Wall Street Zen Upgrades Hudson Pacific Properties (NYSE:HPP) to Hold

by · The Cerbat Gem

Hudson Pacific Properties (NYSE:HPP – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other research firms also recently weighed in on HPP. Cantor Fitzgerald raised their price target on Hudson Pacific Properties from $14.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Zacks Research cut shares of Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 8th. The Goldman Sachs Group reiterated a “neutral” rating and set a $16.00 price target on shares of Hudson Pacific Properties in a report on Monday, August 10th. Mizuho boosted their price objective on shares of Hudson Pacific Properties from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Finally, Piper Sandler raised shares of Hudson Pacific Properties from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $16.00 to $18.00 in a research note on Thursday, August 6th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $15.82.

Check Out Our Latest Stock Report on Hudson Pacific Properties

Hudson Pacific Properties Stock Performance

Shares of HPP opened at $12.28 on Friday. Hudson Pacific Properties has a 12-month low of $5.26 and a 12-month high of $21.07. The stock has a market cap of $666.27 million, a P/E ratio of -1.39, a PEG ratio of 1.13 and a beta of 1.89. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.33. The company has a 50-day moving average of $14.17 and a two-hundred day moving average of $11.40.

Hudson Pacific Properties (NYSE:HPP – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) EPS for the quarter, missing the consensus estimate of ($0.72) by ($0.90). Hudson Pacific Properties had a negative net margin of 70.04% and a negative return on equity of 20.76%. The business had revenue of $188.30 million during the quarter, compared to analyst estimates of $181.80 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. As a group, research analysts predict that Hudson Pacific Properties will post 1.12 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Militia Capital Management LLC purchased a new stake in Hudson Pacific Properties in the first quarter valued at approximately $1,904,000. Dimensional Fund Advisors LP raised its stake in Hudson Pacific Properties by 14.6% during 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 purchasing an additional 89,787 shares during the period. Whitebox Advisors LLC raised its stake 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 purchasing an additional 178,077 shares during the period. Saba Capital Management L.P. boosted its holdings in shares of Hudson Pacific Properties by 49.8% in the 1st quarter. Saba Capital Management L.P. now owns 831,868 shares of the real estate investment trust’s stock valued at $4,916,000 after purchasing an additional 276,459 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in shares of Hudson Pacific Properties by 347.8% in the 1st quarter. Quantinno Capital Management LP now owns 184,034 shares of the real estate investment trust’s stock valued at $1,088,000 after purchasing an additional 142,941 shares during the last quarter. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Pacific Properties Company Profile

(Get Free Report)

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.

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