Hudson Pacific Properties (NYSE:HPP) Upgraded at Zacks Research

Zacks Research upgraded shares of Hudson Pacific Properties (NYSE:HPP) from a strong sell rating to a hold rating in a research note issued to investors on Thursday,Zacks.com reports.

HPP has been the topic of several other research reports. BMO Capital Markets reiterated a “market perform” rating on shares of Hudson Pacific Properties in a research note on Thursday, February 26th. Citigroup lifted their target price on Hudson Pacific Properties from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. Jefferies Financial Group set a $8.00 target price on shares of Hudson Pacific Properties and gave the stock a “hold” rating in a report on Friday. Cantor Fitzgerald decreased their price target on shares of Hudson Pacific Properties from $13.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. Finally, Wells Fargo & Company set a $2.60 price objective on shares of Hudson Pacific Properties in a research note on Tuesday, November 25th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $13.74.

Hudson Pacific Properties Trading Down 6.6%

HPP opened at $6.99 on Thursday. The stock has a market capitalization of $379.14 million, a price-to-earnings ratio of -0.54 and a beta of 1.50. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 1.25. Hudson Pacific Properties has a twelve month low of $5.55 and a twelve month high of $22.89. The company has a 50-day simple moving average of $8.49 and a 200 day simple moving average of $13.73.

Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Thursday, February 26th. The real estate investment trust reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. The company had revenue of $256.03 million during the quarter, compared to analysts’ expectations 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 predict that Hudson Pacific Properties will post 0.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Hudson Pacific Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in HPP. Ethic Inc. acquired a new position in shares of Hudson Pacific Properties during the third quarter worth $28,000. Evergreen Capital Management LLC acquired a new position in Hudson Pacific Properties during the 2nd quarter worth about $28,000. Orion Porfolio Solutions LLC bought a new stake in shares of Hudson Pacific Properties in the 3rd quarter valued at about $28,000. Discipline Wealth Solutions LLC acquired a new stake in shares of Hudson Pacific Properties in the third quarter valued at about $30,000. Finally, United Capital Financial Advisors LLC bought a new position in shares of Hudson Pacific Properties during the third quarter worth about $30,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

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.