Hudson Pacific Properties (NYSE:HPP) Trading 617.9% Higher After Analyst Upgrade

Hudson Pacific Properties, Inc. (NYSE:HPP) shares traded up 617.9% during trading on Tuesday after Morgan Stanley raised their price target on the stock to $14.00. Morgan Stanley currently has an underweight rating on the stock. Hudson Pacific Properties traded as high as $14.9504 and last traded at $14.2140. 83,779 shares were traded during trading, a decline of 89% from the average session volume of 773,387 shares. The stock had previously closed at $1.98.

HPP has been the topic of a number of other research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hudson Pacific Properties in a report on Monday, November 24th. Cantor Fitzgerald decreased their target price on shares of Hudson Pacific Properties from $24.50 to $21.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Jefferies Financial Group cut their price target on Hudson Pacific Properties from $17.50 to $16.80 and set a “hold” rating on the stock in a report on Monday, October 13th. New Street Research set a $16.80 price objective on Hudson Pacific Properties in a research report on Monday, October 13th. Finally, Citigroup lowered their target price on Hudson Pacific Properties from $20.30 to $13.30 and set a “neutral” rating on the stock in a research report on Monday, November 24th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Hudson Pacific Properties presently has an average rating of “Hold” and an average price target of $19.69.

Hedge Funds Weigh In On Hudson Pacific Properties

Several hedge funds have recently modified their holdings of the company. Abel Hall LLC bought a new stake in shares of Hudson Pacific Properties in the 2nd quarter worth $28,000. Ethic Inc. acquired a new position in Hudson Pacific Properties during the third quarter worth about $28,000. Evergreen Capital Management LLC bought a new stake in Hudson Pacific Properties in the second quarter worth about $28,000. Orion Porfolio Solutions LLC acquired a new stake in Hudson Pacific Properties in the 3rd quarter valued at about $28,000. Finally, US Bancorp DE lifted its holdings in Hudson Pacific Properties by 1,053.7% in the 1st quarter. US Bancorp DE now owns 9,772 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 8,925 shares during the last quarter. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Hudson Pacific Properties Stock Performance

The company’s 50-day moving average price is $16.45 and its two-hundred day moving average price is $17.46. The company has a market cap of $5.30 billion, a P/E ratio of -5.77 and a beta of 1.45. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.20.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. The business had revenue of $186.62 million during the quarter, compared to analyst estimates of $186.05 million. Hudson Pacific Properties had a negative net margin of 59.61% and a negative return on equity of 16.24%. Hudson Pacific Properties has set its Q4 2025 guidance at 0.010-0.050 EPS. As a group, equities analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current year.

Hudson Pacific Properties Company Profile

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.