Wells Fargo & Company Lowers Hudson Pacific Properties (NYSE:HPP) Price Target to $13.50

Hudson Pacific Properties (NYSE:HPP) had its price target lowered by analysts at Wells Fargo & Company from $18.20 to $13.50 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price points to a potential upside of 139.62% from the company’s previous close.

A number of other equities research analysts also recently weighed in on HPP. Piper Sandler decreased their target price on Hudson Pacific Properties from $8.00 to $6.50 and set a “neutral” rating on the stock in a research report on Wednesday. Citigroup raised their price objective on Hudson Pacific Properties from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, March 2nd. BTIG Research set a $26.00 price objective on Hudson Pacific Properties and gave the stock a “buy” rating in a report on Friday, January 2nd. Cantor Fitzgerald cut their target price on Hudson Pacific Properties from $13.00 to $10.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Finally, Jefferies Financial Group set a $8.00 target price on Hudson Pacific Properties and gave the stock a “hold” rating in a research report on Friday, March 6th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $14.11.

Hudson Pacific Properties Price Performance

NYSE:HPP opened at $5.63 on Thursday. The stock has a market cap of $305.59 million, a P/E ratio of -0.43, a PEG ratio of 0.59 and a beta of 1.51. Hudson Pacific Properties has a one year low of $5.26 and a one year high of $21.70. The company has a fifty day moving average price of $6.85 and a 200 day moving average price of $11.83. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.78 and a quick ratio of 1.78.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. Hudson Pacific Properties had a negative net margin of 69.12% and a negative return on equity of 19.89%. The company had revenue of $256.03 million for 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 anticipate that Hudson Pacific Properties will post 0.45 earnings per share for the current year.

Institutional Inflows and Outflows

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

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.