Zacks Research Downgrades Hudson Pacific Properties (NYSE:HPP) to Hold

Hudson Pacific Properties (NYSE:HPP) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday, Zacks reports.

Other research analysts have also issued reports about the stock. Morgan Stanley set a $9.00 price target on shares of Hudson Pacific Properties and gave the company an “underweight” rating in a research report on Wednesday, July 22nd. Citigroup restated a “neutral” rating and set a $15.00 target price (up from $13.00) on shares of Hudson Pacific Properties in a research report on Thursday, August 13th. The Goldman Sachs Group reiterated a “neutral” rating and set a $16.00 price target on shares of Hudson Pacific Properties in a research report on Monday, August 10th. Piper Sandler upgraded shares of Hudson Pacific Properties from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $16.00 to $18.00 in a research report on Thursday, August 6th. Finally, Mizuho raised their target price on shares of Hudson Pacific Properties from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Hudson Pacific Properties presently has an average rating of “Hold” and an average target price of $15.82.

Hudson Pacific Properties Stock Down 2.0%

Shares of NYSE HPP opened at $11.92 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.33. The company has a market cap of $646.74 million, a P/E ratio of -1.35, a P/E/G ratio of 1.12 and a beta of 1.89. Hudson Pacific Properties has a 52 week low of $5.26 and a 52 week high of $21.07. The business has a 50-day simple moving average of $14.37 and a two-hundred day simple moving average of $11.32.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.90). The firm had revenue of $188.30 million during the quarter, compared to analysts’ expectations of $181.80 million. Hudson Pacific Properties had a negative return on equity of 20.76% and a negative net margin of 70.04%.Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. Research analysts anticipate that Hudson Pacific Properties will post 1.12 earnings per share for the current fiscal year.

Insider Activity at Hudson Pacific Properties

In other Hudson Pacific Properties news, Director Jon Bortz bought 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average price of $13.40 per share, for a total transaction of $335,000.00. Following the transaction, the director directly owned 35,394 shares in the company, valued at $474,279.60. This trade represents a 240.52% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.47% of the company’s stock.

Institutional Trading of Hudson Pacific Properties

Several institutional investors have recently added to or reduced their stakes in the business. Balyasny Asset Management L.P. increased its holdings 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 purchasing an additional 8,646,463 shares during the period. Conversant Capital LLC lifted 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 worth $29,318,000 after buying an additional 7,981,580 shares during the period. BlackRock Inc. purchased a new stake in Hudson Pacific Properties in the 2nd quarter worth approximately $102,830,000. Sei Investments Co. grew its position in shares of Hudson Pacific Properties by 18,343.2% in the 2nd quarter. Sei Investments Co. now owns 5,571,688 shares of the real estate investment trust’s stock worth $15,266,000 after buying an additional 5,541,478 shares during the last quarter. Finally, UBS Group AG grew its position in shares of Hudson Pacific Properties by 657.0% in the 3rd quarter. UBS Group AG now owns 5,617,697 shares of the real estate investment trust’s stock worth $15,505,000 after buying an additional 4,875,549 shares during the last quarter. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

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.