Hudson Pacific Properties (NYSE:HPP) Price Target Raised to $17.00 at Mizuho

Hudson Pacific Properties (NYSE:HPP) had its target price boosted by Mizuho from $15.00 to $17.00 in a report released on Tuesday morning, Marketbeat.com reports. Mizuho currently has a neutral rating on the real estate investment trust’s stock.

Other equities analysts have also issued research reports about the company. BTIG Research restated a “buy” rating and set a $26.00 price objective on shares of Hudson Pacific Properties in a research note on Wednesday, May 6th. BMO Capital Markets reissued a “market perform” rating and set a $16.00 target price (up from $8.00) on shares of Hudson Pacific Properties in a report on Monday, June 15th. Zacks Research cut Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Bank of America restated an “underperform” rating and issued a $14.00 price target on shares of Hudson Pacific Properties in a research report on Tuesday, June 16th. Finally, Citigroup reaffirmed a “neutral” rating and set a $13.00 price objective (up from $8.00) on shares of Hudson Pacific Properties in a research report on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.98.

Hudson Pacific Properties Trading Down 1.6%

Shares of Hudson Pacific Properties stock opened at $14.52 on Tuesday. The firm has a 50-day moving average of $14.06 and a 200-day moving average of $10.03. The stock has a market cap of $787.40 million, a PE ratio of -1.44, a PEG ratio of 1.18 and a beta of 1.89. Hudson Pacific Properties has a 52-week low of $5.26 and a 52-week high of $21.70. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.65 and a current ratio of 1.65.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) EPS for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.10. Hudson Pacific Properties had a negative net margin of 67.89% and a negative return on equity of 19.05%. The business had revenue of $181.85 million for the quarter, compared to analyst estimates of $175.12 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. As a group, sell-side analysts forecast that Hudson Pacific Properties will post 1.05 EPS for the current year.

Institutional Investors Weigh In On Hudson Pacific Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in HPP. JPMorgan Chase & Co. raised its holdings in shares of Hudson Pacific Properties by 38.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,320,823 shares of the real estate investment trust’s stock worth $11,925,000 after buying an additional 1,192,974 shares in the last quarter. Purpose Unlimited Inc. acquired a new stake in Hudson Pacific Properties in the fourth quarter valued at about $4,739,000. Inspire Investing LLC boosted its stake in Hudson Pacific Properties by 98.2% in the first quarter. Inspire Investing LLC now owns 84,807 shares of the real estate investment trust’s stock valued at $501,000 after buying an additional 42,021 shares in the last quarter. State of Wyoming grew its position in Hudson Pacific Properties by 22.5% in the first quarter. State of Wyoming now owns 30,214 shares of the real estate investment trust’s stock valued at $179,000 after acquiring an additional 5,543 shares during the last quarter. Finally, Saba Capital Management L.P. grew its position in Hudson Pacific Properties by 49.8% in the first quarter. Saba Capital Management L.P. now owns 831,868 shares of the real estate investment trust’s stock valued at $4,916,000 after acquiring an additional 276,459 shares during the last quarter. 97.58% of the stock is currently 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.