Hudson Pacific Properties, Inc. (NYSE:HPP) Receives $15.82 Consensus Price Target from Brokerages

by · The Markets Daily

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP – Get Free Report) have received a consensus recommendation of “Hold” from the thirteen analysts that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $15.8167.

HPP has been the topic of a number of recent analyst reports. Wells Fargo & Company reiterated an “overweight” rating and set a $17.00 price target (up from $14.00) on shares of Hudson Pacific Properties in a research report on Tuesday, September 1st. Morgan Stanley set a $9.00 target price on Hudson Pacific Properties and gave the stock an “underweight” rating in a research note on Wednesday, July 22nd. BMO Capital Markets reiterated a “market perform” rating and set a $16.00 target price (up from $8.00) on shares of Hudson Pacific Properties in a research report on Monday, June 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Hudson Pacific Properties in a report on Wednesday, August 26th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $16.00 price objective on shares of Hudson Pacific Properties in a research report on Monday, August 10th.

Check Out Our Latest Research Report on Hudson Pacific Properties

Insider Activity at Hudson Pacific Properties

In related 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 purchased at an average price of $13.40 per share, for a total transaction of $335,000.00. Following the transaction, the director directly owned 35,394 shares in the company, valued at approximately $474,279.60. This trade represents a 240.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.47% of the stock is owned by corporate insiders.

Institutional Trading of Hudson Pacific Properties

Several large investors have recently made changes to their positions in the company. Whitebox Advisors LLC grew its stake in Hudson Pacific Properties by 1,618.4% during the 1st quarter. Whitebox Advisors LLC now owns 189,080 shares of the real estate investment trust’s stock valued at $1,117,000 after acquiring an additional 178,077 shares in the last quarter. Militia Capital Management LLC purchased a new position in Hudson Pacific Properties in the 1st quarter worth approximately $1,904,000. Dimensional Fund Advisors LP lifted its stake in Hudson Pacific Properties by 14.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 705,984 shares of the real estate investment trust’s stock worth $4,172,000 after purchasing an additional 89,787 shares in the last quarter. Saba Capital Management L.P. grew its position in shares of Hudson Pacific Properties by 49.8% in the first quarter. Saba Capital Management L.P. now owns 831,868 shares of the real estate investment trust’s stock valued at $4,916,000 after purchasing an additional 276,459 shares in the last quarter. Finally, Quantinno Capital Management LP grew its position in shares of Hudson Pacific Properties by 347.8% in the first quarter. Quantinno Capital Management LP now owns 184,034 shares of the real estate investment trust’s stock valued at $1,088,000 after purchasing an additional 142,941 shares in the last quarter. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Pacific Properties Stock Down 0.3%

HPP stock opened at $11.48 on Friday. Hudson Pacific Properties has a one year low of $5.26 and a one year high of $20.06. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.11 and a current ratio of 1.11. The firm’s fifty day moving average is $13.76 and its 200 day moving average is $11.56. The firm has a market cap of $623.02 million, a PE ratio of -1.30, a P/E/G ratio of 1.06 and a beta of 1.89.

Hudson Pacific Properties (NYSE:HPP – Get Free Report) last issued its quarterly earnings data 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 return on equity of 20.76% and a negative net margin of 70.04%.The firm 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. On average, research analysts forecast that Hudson Pacific Properties will post 1.12 EPS for the current year.

Hudson Pacific Properties Company Profile

(Get Free Report)

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.

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