Hudson Pacific Properties (NYSE:HPP) Given New $6.50 Price Target at Piper Sandler

Hudson Pacific Properties (NYSE:HPP) had its price target reduced by Piper Sandler from $8.00 to $6.50 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

HPP has been the subject of several other research reports. Citigroup lifted their target price on shares of Hudson Pacific Properties from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. The Goldman Sachs Group set a $14.50 price objective on shares of Hudson Pacific Properties and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Zacks Research upgraded Hudson Pacific Properties from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Jefferies Financial Group set a $8.00 target price on Hudson Pacific Properties and gave the company a “hold” rating in a research report on Friday, March 6th. Finally, BTIG Research set a $26.00 target price on Hudson Pacific Properties and gave the stock a “buy” rating in a research note on Friday, January 2nd. Four equities 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.20.

Hudson Pacific Properties Stock Down 6.7%

HPP opened at $5.52 on Wednesday. The stock’s fifty day simple moving average is $7.00 and its 200 day simple moving average is $12.04. Hudson Pacific Properties has a 1-year low of $5.33 and a 1-year high of $21.70. The stock has a market cap of $299.13 million, a PE ratio of -0.42, a price-to-earnings-growth ratio of 0.62 and a beta of 1.51. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.25.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The firm 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. As a group, research analysts expect 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 have recently bought and sold shares of the business. Purpose Unlimited Inc. bought a new stake in Hudson Pacific Properties in the 4th quarter valued at about $4,739,000. Alpine Global Management LLC acquired a new stake in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $188,000. XTX Topco Ltd raised its position in shares of Hudson Pacific Properties by 1,414.4% in the fourth quarter. XTX Topco Ltd now owns 162,706 shares of the real estate investment trust’s stock valued at $1,762,000 after buying an additional 151,962 shares in the last quarter. Sona Asset Management US LLC bought a new stake in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $3,368,000. Finally, Man Group plc bought a new stake in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $823,000. 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.