Hudson Pacific Properties (NYSE:HPP) Shares Up 13.3% After Better-Than-Expected Earnings

Hudson Pacific Properties, Inc. (NYSE:HPP) shares were up 13.3% during trading on Thursday following a better than expected earnings announcement. The stock traded as high as $11.91 and last traded at $12.0450. Approximately 995,691 shares traded hands during trading, a decline of 26% from the average daily volume of 1,346,232 shares. The stock had previously closed at $10.63.

The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.92) by $1.17. 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 1.100-1.180 EPS.

More Hudson Pacific Properties News

Here are the key news stories impacting Hudson Pacific Properties this week:

• Positive Sentiment: Q1 FFO beat consensus — Hudson Pacific reported FFO of $0.25/sh vs. the Zacks consensus $0.18, surprising to the upside and supporting the rally. Read More.
• Positive Sentiment: Company raised FY?2026 guidance — HPP updated FY?2026 EPS guidance to $1.10–$1.18 vs. the prior consensus ~1.00, signaling management confidence after Q1. Read More.
• Positive Sentiment: Reported quarter beat analyst EPS/FFO expectations — the company posted $0.25 EPS/FFO for the quarter (and beat street EPS estimates materially), and filed a press release with results and outlook. This operational beat is the proximate cause of buyers stepping in. Read More.
• Positive Sentiment: Analyst upgrade and lofty target — BTIG reiterated/issued a Buy and set a $26 price target, implying sizable upside versus the current level and likely helped sentiment. Read More.
• Neutral Sentiment: Earnings previews and snapshot coverage — multiple previews/snapshots (MSN, Yahoo) summarized expectations ahead of the release; useful context but not market-moving on their own. Read More. Read More.
• Negative Sentiment: Year?over?year FFO decline and continued negative profitability metrics — Q1 FFO of $0.25 compares with $0.63 a year ago; filings also show negative return on equity (~?19.9%) and negative net margin, and leverage remains elevated — these are longer?term headwinds that cap valuation even after the short?term rally. Read More.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. BTIG Research reaffirmed a “buy” rating and issued a $26.00 price target on shares of Hudson Pacific Properties in a report on Wednesday. Citigroup increased their price objective 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. Piper Sandler reduced their price target on Hudson Pacific Properties from $8.00 to $6.50 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. Wall Street Zen upgraded shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Morgan Stanley dropped their target price on shares of Hudson Pacific Properties from $8.00 to $5.00 and set an “underweight” rating on the stock in a report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $14.11.

Hedge Funds Weigh In On Hudson Pacific Properties

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ethic Inc. bought a new stake in shares of Hudson Pacific Properties during the third quarter worth $28,000. Evergreen Capital Management LLC acquired a new stake in shares of Hudson Pacific Properties in the 2nd quarter valued at about $28,000. Orion Porfolio Solutions LLC acquired a new position in Hudson Pacific Properties during the third quarter worth $28,000. United Capital Financial Advisors LLC acquired a new stake in shares of Hudson Pacific Properties in the 3rd quarter valued at approximately $30,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Hudson Pacific Properties during the third quarter worth approximately $32,000. Institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Stock Performance

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 firm has a market cap of $642.47 million, a price-to-earnings ratio of -0.91, a price-to-earnings-growth ratio of 1.01 and a beta of 1.86. The stock’s 50 day moving average is $6.95 and its 200 day moving average is $10.19.

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.