Hudson Pacific Properties, Inc. (NYSE:HPP) Given Consensus Recommendation of “Hold” by Analysts

Hudson Pacific Properties, Inc. (NYSE:HPP) has been assigned a consensus rating of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $13.4833.

A number of equities analysts recently weighed in on HPP shares. Bank of America reissued an “underperform” rating and set a $14.00 price objective on shares of Hudson Pacific Properties in a report on Tuesday, June 16th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $12.00 target price (up from $7.50) on shares of Hudson Pacific Properties in a research note on Tuesday, May 19th. BMO Capital Markets reiterated a “market perform” rating and set a $16.00 price target (up from $8.00) on shares of Hudson Pacific Properties in a research report on Monday, June 15th. Citigroup reissued a “neutral” rating and set a $13.00 price target (up from $8.00) on shares of Hudson Pacific Properties in a research note on Thursday, May 14th. Finally, Zacks Research upgraded shares of Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd.

Hedge Funds Weigh In On Hudson Pacific Properties

A number of large investors have recently added to or reduced their stakes in HPP. Balyasny Asset Management L.P. boosted its holdings 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 valued at $43,054,000 after acquiring an additional 8,646,463 shares during the period. Conversant Capital LLC increased its stake in Hudson Pacific Properties by 293.6% in the 2nd 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 during the period. Sei Investments Co. lifted 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 during the last quarter. UBS Group AG boosted its stake in shares of Hudson Pacific Properties by 657.0% during the third quarter. UBS Group AG now owns 5,617,697 shares of the real estate investment trust’s stock valued at $15,505,000 after purchasing an additional 4,875,549 shares during the period. Finally, Rush Island Management LP purchased a new stake in shares of Hudson Pacific Properties during the second quarter valued at approximately $12,409,000. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Trading Down 0.0%

NYSE HPP opened at $16.91 on Friday. The stock’s 50-day simple moving average is $12.75 and its two-hundred day simple moving average is $9.63. Hudson Pacific Properties has a twelve month low of $5.26 and a twelve month high of $21.70. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $917.09 million, a price-to-earnings ratio of -1.67, a PEG ratio of 1.36 and a beta of 1.89.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.92) by $0.10. Hudson Pacific Properties had a negative return on equity of 19.05% and a negative net margin of 67.89%.The firm had revenue of $181.85 million during the quarter, compared to analyst estimates of $175.12 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. Research analysts forecast that Hudson Pacific Properties will post 1.05 EPS for the current fiscal year.

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.