Hudson Pacific Properties, Inc. (NYSE:HPP) Stock Has Average Target Price of $15.45 According to Brokerages

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP) have been given a consensus rating of “Hold” by the thirteen brokerages that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $15.27.

A number of research firms have recently weighed in on HPP. Wells Fargo & Company restated an “overweight” rating and issued a $17.00 price target (up from $14.00) on shares of Hudson Pacific Properties in a report on Tuesday, September 1st. Morgan Stanley set a $9.00 price objective on shares of Hudson Pacific Properties and gave the stock an “underweight” rating in a research note on Wednesday, July 22nd. Mizuho increased 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 report on Tuesday, July 21st. Citigroup restated a “neutral” rating and issued a $15.00 target price (up from $13.00) on shares of Hudson Pacific Properties in a research note on Thursday, August 13th. Finally, Wall Street Zen lowered shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a report on Sunday, September 20th.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Hudson Pacific Properties

Large investors have recently made changes to their positions in the stock. WINTON GROUP Ltd purchased a new position in shares of Hudson Pacific Properties in the 2nd quarter valued at about $1,092,000. Integrated Wealth Concepts LLC acquired a new stake in Hudson Pacific Properties in the second quarter valued at approximately $119,000. IFP Advisors Inc grew its holdings in Hudson Pacific Properties by 4,560.0% in the second 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 period. Allworth Financial LP raised its stake in shares of 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 worth $67,000 after buying an additional 3,794 shares during the period. Finally, Corient Private Wealth LP acquired a new position in shares of Hudson Pacific Properties during the 2nd quarter worth approximately $333,000. 97.58% of the stock is owned by hedge funds and other institutional investors.

Hudson Pacific Properties Stock Performance

Shares of NYSE:HPP opened at $9.03 on Tuesday. The company has a market capitalization of $489.84 million, a price-to-earnings ratio of -1.02, a price-to-earnings-growth ratio of 0.86 and a beta of 1.96. Hudson Pacific Properties has a 52 week low of $5.26 and a 52 week high of $18.62. 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 firm has a 50 day moving average of $12.43 and a 200 day moving average of $12.33.

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 company had revenue of $188.30 million during the quarter, compared to analysts’ expectations 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. On average, sell-side analysts predict that Hudson Pacific Properties will post 1.15 earnings per share for the current fiscal year.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties, Inc is a real estate investment trust (REIT) that owns, operates and develops office and studio properties. The company focuses on high-quality, well-located properties serving media, entertainment, technology and other knowledge-based industries.

Its office portfolio includes creative and traditional office buildings, while its studio platform operates soundstages, production facilities and related infrastructure through the Sunset Studios brand. These facilities support film and television production and are designed to accommodate the evolving needs of media and entertainment companies.

Hudson Pacific Properties primarily serves markets along the U.S.