Hudson Pacific Properties (NYSE:HPP) Price Target Raised to $8.00

Hudson Pacific Properties (NYSE:HPP) had its price target increased by Citigroup from $7.00 to $8.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

Other analysts also recently issued research reports about the company. Wells Fargo & Company set a $2.60 price objective on Hudson Pacific Properties in a research note on Tuesday, November 25th. Zacks Research lowered Hudson Pacific Properties from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hudson Pacific Properties in a report on Monday, December 29th. BMO Capital Markets reiterated a “market perform” rating on shares of Hudson Pacific Properties in a research report on Thursday, February 26th. Finally, Morgan Stanley restated an “underweight” rating and set a $8.00 target price on shares of Hudson Pacific Properties in a report on Thursday, January 29th. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $14.48.

Hudson Pacific Properties Stock Up 2.0%

Hudson Pacific Properties stock opened at $7.62 on Monday. The firm has a market capitalization of $413.31 million, a price-to-earnings ratio of -0.59 and a beta of 1.50. The company’s 50 day simple moving average is $8.61 and its 200 day simple moving average is $13.89. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.78 and a quick ratio of 1.78. Hudson Pacific Properties has a fifty-two week low of $5.55 and a fifty-two week high of $22.89.

Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Thursday, February 26th. The real estate investment trust reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. The firm had revenue of $256.03 million during the quarter, compared to the consensus estimate 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. As a group, sell-side analysts anticipate that Hudson Pacific Properties will post 0.45 EPS for the current year.

Institutional Investors Weigh In On Hudson Pacific Properties

Several institutional investors have recently bought and sold shares of the company. Balyasny Asset Management L.P. boosted its position in Hudson Pacific Properties by 122.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 15,712,981 shares of the real estate investment trust’s stock worth $43,054,000 after acquiring an additional 8,646,463 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Hudson Pacific Properties by 357.1% in the second quarter. Prudential Financial Inc. now owns 10,686,082 shares of the real estate investment trust’s stock worth $29,280,000 after purchasing an additional 8,348,371 shares in the last quarter. Conversant Capital LLC lifted its position in shares of Hudson Pacific Properties by 293.6% in the second quarter. Conversant Capital LLC now owns 10,700,000 shares of the real estate investment trust’s stock worth $29,318,000 after purchasing an additional 7,981,580 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Hudson Pacific Properties during the second quarter worth $21,422,000. Finally, Sei Investments Co. grew its position in Hudson Pacific Properties by 18,343.2% in the second quarter. Sei Investments Co. now owns 5,571,688 shares of the real estate investment trust’s stock valued at $15,266,000 after purchasing an additional 5,541,478 shares in the last quarter. Institutional investors own 97.58% of the company’s stock.

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.