Cantor Fitzgerald Issues Pessimistic Forecast for Hudson Pacific Properties (NYSE:HPP) Stock Price

Hudson Pacific Properties (NYSE:HPP) had its target price lowered by equities researchers at Cantor Fitzgerald from $13.00 to $10.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Cantor Fitzgerald’s price objective points to a potential upside of 33.69% from the company’s previous close.

A number of other analysts have also recently commented on HPP. Citigroup reiterated a “neutral” rating and set a $7.00 price objective (down from $13.30) on shares of Hudson Pacific Properties in a research report on Wednesday, February 18th. Wells Fargo & Company set a $2.60 price objective on Hudson Pacific Properties in a research report on Tuesday, November 25th. Zacks Research lowered shares of Hudson Pacific Properties from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Morgan Stanley reiterated an “underweight” rating and set a $8.00 price objective on shares of Hudson Pacific Properties in a research note on Thursday, January 29th. Finally, Mizuho lowered their price target on Hudson Pacific Properties from $21.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, December 12th. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $14.48.

Hudson Pacific Properties Price Performance

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

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly 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 business had revenue of $256.03 million during the quarter, compared to analysts’ expectations of $168.02 million. Hudson Pacific Properties had a negative return on equity of 19.89% and a negative net margin of 69.12%.Hudson Pacific Properties has set its FY 2026 guidance at 0.960-1.060 EPS. Research analysts anticipate 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 added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Hudson Pacific Properties by 14.3% in the third quarter. Vanguard Group Inc. now owns 38,453,976 shares of the real estate investment trust’s stock worth $106,133,000 after buying an additional 4,815,234 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Hudson Pacific Properties by 122.4% during 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 last quarter. Principal Financial Group Inc. boosted its stake in Hudson Pacific Properties by 20.1% during the 3rd quarter. Principal Financial Group Inc. now owns 12,196,771 shares of the real estate investment trust’s stock valued at $33,663,000 after purchasing an additional 2,039,627 shares during the period. Conversant Capital LLC grew its holdings in Hudson Pacific Properties by 293.6% in 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 last quarter. Finally, Prudential Financial Inc. grew its holdings in Hudson Pacific Properties by 357.1% in the 2nd quarter. Prudential Financial Inc. now owns 10,686,082 shares of the real estate investment trust’s stock valued at $29,280,000 after buying an additional 8,348,371 shares during the last quarter. 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.