Hudson Pacific Properties (NYSE:HPP) Stock Price Down 8% – Time to Sell?

Hudson Pacific Properties, Inc. (NYSE:HPP) shares traded down 8% during mid-day trading on Wednesday . The stock traded as low as $13.58 and last traded at $13.4650. 359,591 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 1,332,487 shares. The stock had previously closed at $14.64.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HPP. Cantor Fitzgerald cut their price objective on Hudson Pacific Properties from $13.00 to $10.00 and set an “overweight” rating on the stock in a research note on Monday, March 2nd. Bank of America reiterated an “underperform” rating and issued a $14.00 target price on shares of Hudson Pacific Properties in a research report on Tuesday. Weiss Ratings reissued a “sell (d)” rating on shares of Hudson Pacific Properties in a research report on Friday, May 29th. Wells Fargo & Company raised their price objective on Hudson Pacific Properties from $13.50 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Finally, Zacks Research raised shares of Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.48.

Hudson Pacific Properties Stock Down 8.6%

The company has a debt-to-equity ratio of 1.28, a current ratio of 1.65 and a quick ratio of 1.65. The stock’s fifty day simple moving average is $10.60 and its 200-day simple moving average is $9.51. The stock has a market cap of $726.17 million, a P/E ratio of -1.33, a PEG ratio of 1.21 and a beta of 1.94.

Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) EPS for the quarter, beating analysts’ consensus estimates of ($0.92) by $0.10. The company had revenue of $181.85 million during the quarter, compared to the consensus estimate of $175.12 million. Hudson Pacific Properties had a negative return on equity of 19.05% and a negative net margin of 67.89%.Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. On average, research analysts anticipate that Hudson Pacific Properties, Inc. will post 1.06 earnings per share for the current year.

Institutional Investors Weigh In On Hudson Pacific Properties

Several large investors have recently added to or reduced their stakes in HPP. Evergreen Capital Management LLC bought a new position in shares of Hudson Pacific Properties during the second quarter worth about $28,000. Orion Porfolio Solutions LLC bought a new stake in Hudson Pacific Properties in the 3rd quarter valued at about $28,000. United Capital Financial Advisors LLC bought a new stake in Hudson Pacific Properties in the 3rd quarter valued at about $30,000. Integrated Wealth Concepts LLC acquired a new position in Hudson Pacific Properties during the 3rd quarter valued at about $32,000. Finally, US Bancorp DE boosted its stake in Hudson Pacific Properties by 196.2% during the 3rd quarter. US Bancorp DE now owns 12,485 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 8,270 shares during the period. 97.58% of the stock is owned by institutional investors and hedge funds.

About Hudson Pacific Properties

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.