Piper Sandler Issues Pessimistic Forecast for Hudson Pacific Properties (NYSE:HPP) Stock Price

Hudson Pacific Properties (NYSE:HPP) had its price target dropped by equities researchers at Piper Sandler from $3.00 to $2.50 in a report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s price objective points to a potential upside of 15.74% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Wells Fargo & Company reduced their price objective on Hudson Pacific Properties from $3.40 to $3.10 and set an “overweight” rating for the company in a research report on Wednesday, August 27th. Jefferies Financial Group reduced their price target on shares of Hudson Pacific Properties from $2.50 to $2.40 and set a “hold” rating for the company in a report on Monday, October 13th. New Street Research set a $2.40 price target on shares of Hudson Pacific Properties in a report on Monday, October 13th. The Goldman Sachs Group raised their price target on shares of Hudson Pacific Properties from $2.80 to $3.20 and gave the stock a “neutral” rating in a research report on Wednesday, September 17th. Finally, Cantor Fitzgerald cut their price objective on shares of Hudson Pacific Properties from $3.50 to $3.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Hudson Pacific Properties has an average rating of “Hold” and a consensus target price of $3.13.

Hudson Pacific Properties Trading Down 1.8%

Shares of NYSE:HPP opened at $2.16 on Monday. The company has a market cap of $818.97 million, a P/E ratio of -0.77 and a beta of 1.62. The stock’s 50-day moving average is $2.64 and its 200-day moving average is $2.53. Hudson Pacific Properties has a 52-week low of $1.78 and a 52-week high of $4.51. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.18 and a current ratio of 2.18.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. The business had revenue of $186.62 million during the quarter, compared to analysts’ expectations of $186.05 million. Hudson Pacific Properties had a negative return on equity of 15.10% and a negative net margin of 53.76%. Hudson Pacific Properties has set its Q4 2025 guidance at 0.010-0.050 EPS. Equities research analysts predict that Hudson Pacific Properties will post 0.45 earnings per share for the current year.

Hedge Funds Weigh In On Hudson Pacific Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in HPP. Teacher Retirement System of Texas bought a new stake in Hudson Pacific Properties in the first quarter valued at about $58,000. DekaBank Deutsche Girozentrale grew its stake in shares of Hudson Pacific Properties by 25.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 41,563 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 8,430 shares during the period. Cerity Partners LLC grew its stake in shares of Hudson Pacific Properties by 50.3% in the 1st quarter. Cerity Partners LLC now owns 45,783 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 15,318 shares during the period. Ballentine Partners LLC acquired a new position in shares of Hudson Pacific Properties in the 1st quarter worth approximately $44,000. Finally, CWM LLC lifted its position in shares of Hudson Pacific Properties by 3,660.4% during the 1st quarter. CWM LLC now owns 15,944 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 15,520 shares during the period. 97.58% of the stock is owned by institutional investors.

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.