Hudson Pacific Properties (NYSE:HPP) Upgraded at Zacks Research

Hudson Pacific Properties (NYSE:HPP) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other research analysts have also weighed in on the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $16.00 target price on shares of Hudson Pacific Properties in a research note on Monday. Weiss Ratings restated a “sell (d)” rating on shares of Hudson Pacific Properties in a report on Friday, May 29th. Citigroup reaffirmed a “neutral” rating and issued a $13.00 target price (up from $8.00) on shares of Hudson Pacific Properties in a research note on Thursday, May 14th. Bank of America reissued an “underperform” rating and set a $14.00 price target on shares of Hudson Pacific Properties in a research report on Tuesday, June 16th. Finally, Piper Sandler raised shares of Hudson Pacific Properties from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $16.00 to $18.00 in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.40.

Hudson Pacific Properties Trading Down 2.5%

Shares of HPP stock opened at $13.30 on Monday. Hudson Pacific Properties has a fifty-two week low of $5.26 and a fifty-two week high of $21.70. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.65 and a current ratio of 1.11. The stock’s fifty day moving average is $14.83 and its two-hundred day moving average is $10.47. The firm has a market capitalization of $721.61 million, a P/E ratio of -1.50, a PEG ratio of 1.04 and a beta of 1.90.

Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.90). The business had revenue of $188.30 million during the quarter, compared to analyst estimates of $181.80 million. Hudson Pacific Properties had a negative net margin of 70.04% and a negative return on equity of 20.76%. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. Research analysts expect that Hudson Pacific Properties will post 1.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jon E. Bortz purchased 25,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of $13.40 per share, for a total transaction of $335,000.00. Following the completion of the transaction, the director directly owned 35,394 shares in the company, valued at approximately $474,279.60. The trade was a 240.52% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 2.47% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Evergreen Capital Management LLC purchased a new stake in shares of Hudson Pacific Properties in the 2nd quarter valued at $28,000. Orion Porfolio Solutions LLC acquired a new position in Hudson Pacific Properties in the 3rd quarter valued at about $28,000. United Capital Financial Advisors LLC purchased a new stake in Hudson Pacific Properties during the third quarter worth about $30,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Hudson Pacific Properties during the third quarter worth about $32,000. Finally, Allied Private Wealth LLC acquired a new stake in shares of Hudson Pacific Properties during the second quarter worth about $33,000. 97.58% of the stock is currently 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.