Hudson Pacific Properties (NYSE:HPP) Stock Rating Upgraded by Wall Street Zen

Hudson Pacific Properties (NYSE:HPP) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other brokerages have also recently weighed in on HPP. BTIG Research set a $26.00 price target on shares of Hudson Pacific Properties and gave the stock a “buy” rating in a research report on Friday, January 2nd. BMO Capital Markets reissued a “market perform” rating on shares of Hudson Pacific Properties in a report on Thursday, February 26th. Wells Fargo & Company set a $2.60 price objective on shares of Hudson Pacific Properties in a research note on Tuesday, November 25th. 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 report on Friday, December 12th. Finally, Zacks Research downgraded Hudson Pacific Properties from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $13.74.

Hudson Pacific Properties Stock Performance

Shares of Hudson Pacific Properties stock opened at $6.99 on Friday. 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 fifty day moving average price is $8.49 and its 200-day moving average price is $13.73. The firm has a market cap of $379.14 million, a P/E ratio of -0.54 and a beta of 1.50. Hudson Pacific Properties has a 12 month low of $5.55 and a 12 month high of $22.89.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates 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 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. On average, equities research analysts expect that Hudson Pacific Properties will post 0.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hudson Pacific Properties

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Hudson Pacific Properties by 14.3% in the 3rd quarter. Vanguard Group Inc. now owns 38,453,976 shares of the real estate investment trust’s stock worth $106,133,000 after purchasing an additional 4,815,234 shares in the last quarter. Balyasny Asset Management L.P. increased its position in 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 valued at $43,054,000 after buying an additional 8,646,463 shares in the last quarter. Principal Financial Group Inc. raised its stake in Hudson Pacific Properties by 20.1% in the third 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 buying an additional 2,039,627 shares during the last quarter. Conversant Capital LLC raised its stake in Hudson Pacific Properties by 293.6% in the second 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. boosted its holdings in Hudson Pacific Properties by 357.1% in the second quarter. Prudential Financial Inc. now owns 10,686,082 shares of the real estate investment trust’s stock worth $29,280,000 after acquiring an additional 8,348,371 shares in the last quarter. 97.58% of the stock is 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.