Hudson Pacific Properties (NYSE:HPP) Shares Gap Down – Here’s Why

by · The Markets Daily

Hudson Pacific Properties, Inc. (NYSE:HPP – Get Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $12.61, but opened at $11.96. Hudson Pacific Properties shares last traded at $12.1610, with a volume of 37,217 shares.

Analysts Set New Price Targets

A number of brokerages have weighed in on HPP. Wall Street Zen downgraded shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $16.00 target price on shares of Hudson Pacific Properties in a research note on Monday, August 10th. Weiss Ratings restated a “sell (d)” rating on shares of Hudson Pacific Properties in a research note on Wednesday, August 26th. Wells Fargo & Company reaffirmed 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. Finally, Zacks Research raised Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Hudson Pacific Properties currently has an average rating of “Hold” and a consensus target price of $15.82.

Read Our Latest Analysis on Hudson Pacific Properties

Hudson Pacific Properties Price Performance

The company has a debt-to-equity ratio of 1.33, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $646.74 million, a P/E ratio of -1.35, a PEG ratio of 1.12 and a beta of 1.89. The company’s 50 day simple moving average is $14.37 and its two-hundred day simple moving average is $11.32.

Hudson Pacific Properties (NYSE:HPP – Get Free Report) last announced 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 analyst estimates of $181.80 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. As a group, equities analysts expect that Hudson Pacific Properties, Inc. will post 1.12 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jon Bortz purchased 25,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were bought at an average price of $13.40 per share, with a total value of $335,000.00. Following the purchase, the director directly owned 35,394 shares in the company, valued at $474,279.60. This trade represents a 240.52% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 2.47% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hudson Pacific Properties

Institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc boosted its stake in Hudson Pacific Properties by 4,560.0% in the 2nd quarter. IFP Advisors Inc now owns 1,631 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,596 shares during the period. Resona Asset Management Co. Ltd. lifted its holdings in shares of Hudson Pacific Properties by 8.4% in the first quarter. Resona Asset Management Co. Ltd. now owns 24,670 shares of the real estate investment trust’s stock valued at $147,000 after purchasing an additional 1,918 shares in the last quarter. Allied Private Wealth LLC acquired a new position in shares of Hudson Pacific Properties during the second quarter worth about $33,000. Cetera Investment Advisers grew its holdings in shares of Hudson Pacific Properties by 18.0% during the first quarter. Cetera Investment Advisers now owns 16,317 shares of the real estate investment trust’s stock worth $96,000 after buying an additional 2,485 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its position in Hudson Pacific Properties by 29.3% in the 1st quarter. Sanctuary Advisors LLC now owns 15,075 shares of the real estate investment trust’s stock valued at $89,000 after buying an additional 3,414 shares during the last quarter. Institutional investors and hedge funds own 97.58% of the company’s stock.

About Hudson Pacific Properties

(Get Free Report)

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.

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