Hudson Pacific Properties, Inc. (NYSE:HPP) Stock Has Consensus Target Price of $15.27

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP) have been given an average recommendation 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 assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $15.27.

Several equities research analysts have recently issued reports on the company. Morgan Stanley set a $9.00 price target on Hudson Pacific Properties and gave the company an “underweight” rating in a research report on Wednesday, July 22nd. Piper Sandler cut Hudson Pacific Properties from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $15.00 to $13.00 in a research report on Monday, October 19th. Wells Fargo & Company restated an “overweight” rating and set a $17.00 target price (up from $14.00) on shares of Hudson Pacific Properties in a research note on Tuesday, September 1st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $16.00 target price on shares of Hudson Pacific Properties in a report on Monday, August 10th. Finally, Zacks Research downgraded Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 8th.

Hudson Pacific Properties Stock Down 3.5%

Shares of Hudson Pacific Properties stock opened at $8.64 on Friday. Hudson Pacific Properties has a 12-month low of $5.26 and a 12-month high of $17.20. The company has a quick ratio of 1.11, a current ratio of 1.33 and a debt-to-equity ratio of 1.46. The stock has a 50 day moving average price of $11.11 and a two-hundred day moving average price of $10.89. The stock has a market capitalization of $469.45 million, a P/E ratio of -0.85, a PEG ratio of 0.55 and a beta of 2.02.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Thursday, November 5th. The real estate investment trust reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of ($0.73) by $1.01. The company had revenue of $180.89 million for the quarter, compared to analyst estimates of $181.62 million. Hudson Pacific Properties had a negative net margin of 80.01% and a negative return on equity of 25.07%. Hudson Pacific Properties has set its FY 2026 guidance at 1.150-1.210 EPS. Equities analysts expect that Hudson Pacific Properties will post 1.17 earnings per share for the current year.

Institutional Investors Weigh In On Hudson Pacific Properties

Several hedge funds and other institutional investors have recently modified their holdings of HPP. IFP Advisors Inc increased its position in Hudson Pacific Properties by 4,560.0% during the second quarter. IFP Advisors Inc now owns 1,631 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 1,596 shares during the period. Allied Private Wealth LLC acquired a new position in shares of Hudson Pacific Properties in the second quarter valued at $33,000. Pinnacle Wealth Planning Services Inc. lifted its position in Hudson Pacific Properties by 66.3% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 4,300 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,715 shares during the period. Allworth Financial LP bought a new position in Hudson Pacific Properties in the second quarter worth $67,000. Finally, Legal & General Group Plc bought a new stake in Hudson Pacific Properties in the 2nd quarter valued at $80,000. Institutional investors and hedge funds own 97.58% of the company’s stock.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties is a real estate investment trust that owns, operates and develops office and studio properties. Its office buildings serve businesses in sectors such as technology, media and entertainment, while its studio facilities provide sound stages and production space for film and television work. The company’s properties are concentrated in major West Coast markets, including Los Angeles, the San Francisco Bay Area and Seattle, as well as Vancouver, British Columbia. Its studio platform, Sunset Studios, supports production activity with purpose-built facilities and related services.