Hudson Pacific Properties (NYSE:HPP) Given New $5.00 Price Target at Morgan Stanley

Hudson Pacific Properties (NYSE:HPP) had its price target reduced by Morgan Stanley from $8.00 to $5.00 in a report published on Tuesday,Benzinga reports. They currently have an underweight rating on the real estate investment trust’s stock.

HPP has been the subject of several other research reports. Wall Street Zen upgraded Hudson Pacific Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Mizuho lowered their target price on Hudson Pacific Properties from $21.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, December 12th. Cantor Fitzgerald cut their target price on shares of Hudson Pacific Properties from $13.00 to $10.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. The Goldman Sachs Group set a $14.50 price target on shares of Hudson Pacific Properties and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Finally, Piper Sandler set a $10.00 price target on shares of Hudson Pacific Properties in a research note on Tuesday, January 27th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $13.49.

Hudson Pacific Properties Stock Down 0.9%

HPP opened at $5.92 on Tuesday. The firm has a 50-day simple moving average of $7.08 and a two-hundred day simple moving average of $12.15. Hudson Pacific Properties has a 52 week low of $5.33 and a 52 week high of $21.70. The company has a market capitalization of $320.83 million, a PE ratio of -0.46, a price-to-earnings-growth ratio of 0.63 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 (NYSE:HPP) last issued its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. Hudson Pacific Properties had a negative return on equity of 19.89% and a negative net margin of 69.12%.The firm had revenue of $256.03 million during the quarter, compared to analyst estimates of $168.02 million. 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 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hudson Pacific Properties

Several institutional investors have recently modified their holdings of the stock. Balyasny Asset Management L.P. boosted its holdings in shares of 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 worth $43,054,000 after purchasing an additional 8,646,463 shares during the period. Conversant Capital LLC raised 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 valued at $29,318,000 after buying an additional 7,981,580 shares during the period. Sei Investments Co. lifted its position in Hudson Pacific Properties by 18,343.2% in the second quarter. Sei Investments Co. now owns 5,571,688 shares of the real estate investment trust’s stock worth $15,266,000 after buying an additional 5,541,478 shares during the last quarter. UBS Group AG boosted its stake in Hudson Pacific Properties by 657.0% during the third quarter. UBS Group AG now owns 5,617,697 shares of the real estate investment trust’s stock worth $15,505,000 after buying an additional 4,875,549 shares during the period. Finally, Hudson Bay Capital Management LP boosted its stake in Hudson Pacific Properties by 229.2% during the second quarter. Hudson Bay Capital Management LP now owns 6,919,546 shares of the real estate investment trust’s stock worth $18,960,000 after buying an additional 4,817,844 shares during the period. 97.58% of the stock is owned by institutional investors.

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.