Hudson Pacific Properties (NYSE:HPP) Trading Down 6.8% – Here’s What Happened
by Amy Steele · The Cerbat GemHudson Pacific Properties, Inc. (NYSE:HPP – Get Free Report) dropped 6.8% during trading on Tuesday . The company traded as low as $9.22 and last traded at $9.2820. Approximately 274,836 shares traded hands during trading, a decline of 78% from the average daily volume of 1,233,470 shares. The stock had previously closed at $9.96.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. New Street Research set a $16.80 price target on shares of Hudson Pacific Properties in a research report on Monday, October 13th. Citigroup reduced their target price on shares of Hudson Pacific Properties from $20.30 to $13.30 and set a “neutral” rating for the company in a research report on Monday, November 24th. Wells Fargo & Company set a $2.60 target price on Hudson Pacific Properties in a research note on Tuesday, November 25th. Morgan Stanley increased their price target on Hudson Pacific Properties to $14.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 2nd. Finally, Mizuho cut their target price on shares of Hudson Pacific Properties from $21.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, December 12th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Hudson Pacific Properties presently has an average rating of “Hold” and a consensus target price of $16.31.
Read Our Latest Research Report on HPP
Hudson Pacific Properties Stock Performance
The business has a 50 day moving average of $11.91 and a 200-day moving average of $16.24. The company has a market capitalization of $501.41 million, a P/E ratio of -0.55 and a beta of 1.49. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.78 and a current ratio of 1.78.
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 for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Hudson Pacific Properties had a negative return on equity of 16.24% and a negative net margin of 59.61%.The business had revenue of $186.62 million during the quarter, compared to analyst estimates of $186.05 million. Hudson Pacific Properties has set its Q4 2025 guidance at 0.010-0.050 EPS. On average, sell-side analysts predict that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Xponance Inc. raised its position in shares of Hudson Pacific Properties by 19.9% in the third 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 in the last quarter. Pensionfund Sabic bought a new position in Hudson Pacific Properties in the 4th quarter worth about $59,000. Envestnet Asset Management Inc. raised its holdings in shares of Hudson Pacific Properties by 1.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 576,274 shares of the real estate investment trust’s stock valued at $1,591,000 after acquiring an additional 5,544 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of Hudson Pacific Properties by 25.4% in the 3rd quarter. Ballentine Partners LLC now owns 28,201 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 5,709 shares in the last quarter. Finally, Metis Global Partners LLC boosted its position in shares of Hudson Pacific Properties by 43.8% during the 2nd quarter. Metis Global Partners LLC now owns 23,273 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 7,090 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
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.