Piper Sandler Raises Hudson Pacific Properties (NYSE:HPP) Price Target to $16.00

Hudson Pacific Properties (NYSE:HPP) had its price target boosted by Piper Sandler from $12.00 to $16.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s price target would suggest a potential upside of 10.94% from the stock’s current price.

Several other analysts have also recently commented on HPP. Weiss Ratings restated a “sell (d)” rating on shares of Hudson Pacific Properties in a report on Friday, May 29th. Zacks Research cut Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Mizuho upped their price target on shares of Hudson Pacific Properties from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wells Fargo & Company upped their price target on shares of Hudson Pacific Properties from $13.50 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, BMO Capital Markets reissued a “market perform” rating and set a $16.00 price objective (up from $8.00) on shares of Hudson Pacific Properties in a report on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Hudson Pacific Properties currently has an average rating of “Hold” and an average price target of $14.32.

Hudson Pacific Properties Stock Down 1.0%

Shares of HPP opened at $14.42 on Tuesday. The company has a market capitalization of $782.25 million, a P/E ratio of -1.43, a PEG ratio of 1.11 and a beta of 1.89. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.65 and a quick ratio of 1.65. Hudson Pacific Properties has a one year low of $5.26 and a one year high of $21.70. The business’s 50 day simple moving average is $14.11 and its 200-day simple moving average is $10.05.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $181.85 million for 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. As a group, sell-side analysts predict that Hudson Pacific Properties will post 1.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HPP. Resona Asset Management Co. Ltd. increased its holdings in shares of Hudson Pacific Properties by 8.4% in the first quarter. Resona Asset Management Co. Ltd. now owns 24,670 shares of the real estate investment trust’s stock worth $147,000 after acquiring an additional 1,918 shares in the last quarter. Allied Private Wealth LLC bought a new position in shares of Hudson Pacific Properties during the 2nd quarter valued at about $33,000. Cetera Investment Advisers lifted its holdings in shares of Hudson Pacific Properties by 18.0% during the 1st quarter. Cetera Investment Advisers now owns 16,317 shares of the real estate investment trust’s stock valued at $96,000 after purchasing an additional 2,485 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Hudson Pacific Properties by 29.3% during the 1st quarter. Sanctuary Advisors LLC now owns 15,075 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 3,414 shares in the last quarter. Finally, Pensionfund Sabic acquired a new position in shares of Hudson Pacific Properties in the 4th quarter valued at approximately $59,000. Institutional investors own 97.58% of the company’s stock.

About Hudson Pacific Properties

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.