Hudson Pacific Properties (NYSE:HPP) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of Hudson Pacific Properties (NYSE:HPP) from a hold rating to a sell rating in a research report released on Sunday,Wall Street Zen reports.

Other analysts also recently issued research reports about the company. Morgan Stanley set a $9.00 target price on Hudson Pacific Properties and gave the company an “underweight” rating in a research report on Wednesday, July 22nd. Cantor Fitzgerald raised their price target on Hudson Pacific Properties from $14.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hudson Pacific Properties in a research report on Wednesday, August 26th. Mizuho upped their price objective on Hudson Pacific Properties from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Finally, Piper Sandler raised Hudson Pacific Properties from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $16.00 to $18.00 in a report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Hudson Pacific Properties has a consensus rating of “Hold” and an average price target of $15.82.

Hudson Pacific Properties Stock Performance

Shares of HPP opened at $11.48 on Friday. Hudson Pacific Properties has a 12 month low of $5.26 and a 12 month high of $20.06. The firm has a fifty day simple moving average of $13.76 and a 200 day simple moving average of $11.56. The stock has a market capitalization of $623.02 million, a price-to-earnings ratio of -1.30, a PEG ratio of 1.06 and a beta of 1.89. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.33.

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

Insider Transactions at Hudson Pacific Properties

In other Hudson Pacific Properties news, Director Jon Bortz purchased 25,000 shares of Hudson Pacific Properties stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $13.40 per share, for a total transaction of $335,000.00. Following the completion of the acquisition, the director owned 35,394 shares of the company’s stock, valued at approximately $474,279.60. This trade represents a 240.52% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.47% of the company’s stock.

Institutional Trading of Hudson Pacific Properties

Several institutional investors and hedge funds have recently bought and sold shares of the business. WINTON GROUP Ltd acquired a new position in shares of Hudson Pacific Properties during the 2nd quarter worth approximately $1,092,000. Integrated Wealth Concepts LLC bought a new stake in Hudson Pacific Properties in the 2nd quarter valued at $119,000. IFP Advisors Inc lifted its holdings in Hudson Pacific Properties by 4,560.0% during the 2nd quarter. IFP Advisors Inc now owns 1,631 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,596 shares during the last quarter. Allworth Financial LP lifted its holdings in Hudson Pacific Properties by 601.3% during the 2nd quarter. Allworth Financial LP now owns 4,425 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 3,794 shares during the last quarter. Finally, Corient Private Wealth LP bought a new position in Hudson Pacific Properties during the second quarter worth $333,000. Institutional investors own 97.58% of the company’s stock.

About Hudson Pacific Properties

Hudson Pacific Properties, Inc (NYSE:HPP) is a real estate investment trust that owns, operates and develops office and studio properties. The company focuses on properties serving technology, media and entertainment tenants, with offerings that include creative office space, soundstages, production facilities and related studio infrastructure.

Hudson Pacific’s portfolio is concentrated in major markets along the West Coast of the United States and in Vancouver, British Columbia. Its studio operations are conducted under the Sunset Studios brand and support film and television production through soundstages, production offices and other specialized facilities.