Hudson Pacific Properties (NYSE:HPP) Stock Price Expected to Rise, Citigroup Analyst Says

Hudson Pacific Properties (NYSE:HPP) had its price objective lifted by analysts at Citigroup from $7.00 to $8.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s price objective indicates a potential upside of 6.95% from the company’s previous close.

HPP has been the topic of several other research reports. BTIG Research set a $26.00 price target on Hudson Pacific Properties and gave the company a “buy” rating in a research note on Friday, January 2nd. BMO Capital Markets reissued a “market perform” rating on shares of Hudson Pacific Properties in a research report on Thursday, February 26th. Mizuho decreased their target price on shares of Hudson Pacific Properties from $21.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, December 12th. The Goldman Sachs Group set a $14.50 target price on shares of Hudson Pacific Properties and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Hudson Pacific Properties in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $14.48.

Hudson Pacific Properties Stock Performance

NYSE:HPP opened at $7.48 on Monday. The company’s 50-day moving average is $8.67 and its two-hundred day moving average is $13.96. Hudson Pacific Properties has a 1-year low of $5.55 and a 1-year high of $22.89. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.78 and a quick ratio of 1.78. The firm has a market capitalization of $405.72 million, a price-to-earnings ratio of -0.58 and a beta of 1.50.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The business 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. Analysts forecast that Hudson Pacific Properties will post 0.45 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Balyasny Asset Management L.P. boosted its position in Hudson Pacific Properties by 122.4% in 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 buying an additional 8,646,463 shares during the period. Prudential Financial Inc. grew 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 purchasing an additional 8,348,371 shares in the last quarter. Conversant Capital LLC increased its holdings 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 purchasing an additional 7,981,580 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Hudson Pacific Properties in the 2nd quarter valued at about $21,422,000. Finally, Sei Investments Co. boosted its stake in shares of 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 buying an additional 5,541,478 shares during the period. Institutional investors and hedge funds 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.