Cantor Fitzgerald Initiates Coverage on Hudson Pacific Properties (NYSE:HPP)

Equities researchers at Cantor Fitzgerald started coverage on shares of Hudson Pacific Properties (NYSE:HPP) in a note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage set an “overweight” rating and a $3.50 price target on the real estate investment trust’s stock. Cantor Fitzgerald’s price target would suggest a potential upside of 27.97% from the company’s previous close.

A number of other analysts also recently commented on HPP. Odeon Capital Group began coverage on shares of Hudson Pacific Properties in a report on Monday, June 16th. They issued a “buy” rating and a $5.00 price objective for the company. The Goldman Sachs Group increased their price target on Hudson Pacific Properties from $2.80 to $3.20 and gave the company a “neutral” rating in a report on Wednesday, September 17th. BTIG Research lowered their price objective on Hudson Pacific Properties from $8.00 to $4.75 and set a “buy” rating on the stock in a research note on Wednesday, June 25th. BMO Capital Markets cut their target price on Hudson Pacific Properties from $4.00 to $3.50 and set an “outperform” rating for the company in a research note on Friday, June 13th. Finally, Wells Fargo & Company lowered their price target on shares of Hudson Pacific Properties from $3.40 to $3.10 and set an “overweight” rating on the stock in a research report on Wednesday, August 27th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Hudson Pacific Properties presently has an average rating of “Hold” and a consensus price target of $3.23.

Hudson Pacific Properties Stock Up 0.2%

NYSE HPP opened at $2.74 on Wednesday. Hudson Pacific Properties has a one year low of $1.78 and a one year high of $5.02. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.18 and a current ratio of 2.18. The business has a fifty day moving average price of $2.70 and a 200 day moving average price of $2.54. The company has a market cap of $1.04 billion, a P/E ratio of -0.97 and a beta of 1.64.

Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $190.00 million during the quarter, compared to analysts’ expectations of $196.27 million. Hudson Pacific Properties had a negative net margin of 53.76% and a negative return on equity of 15.10%. Hudson Pacific Properties has set its Q3 2025 guidance at 0.010-0.05 EPS. Research analysts anticipate that Hudson Pacific Properties will post 0.45 EPS for the current fiscal year.

Institutional Trading of Hudson Pacific Properties

Several institutional investors have recently added to or reduced their stakes in HPP. Balyasny Asset Management L.P. lifted its stake in Hudson Pacific Properties by 122.4% during the second 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 purchasing an additional 8,646,463 shares in the last quarter. Prudential Financial Inc. lifted its stake in Hudson Pacific Properties by 357.1% during the 2nd quarter. Prudential Financial Inc. now owns 10,686,082 shares of the real estate investment trust’s stock worth $29,280,000 after acquiring an additional 8,348,371 shares in the last quarter. Conversant Capital LLC lifted its stake in Hudson Pacific Properties by 293.6% during 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 acquiring 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 2nd quarter worth about $21,422,000. Finally, Sei Investments Co. grew its position in Hudson Pacific Properties by 18,343.2% in the 2nd quarter. Sei Investments Co. now owns 5,571,688 shares of the real estate investment trust’s stock valued at $15,266,000 after acquiring an additional 5,541,478 shares in the last quarter. Institutional investors and hedge funds own 97.58% of the company’s stock.

About Hudson Pacific Properties

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.