Hudson Pacific Properties (NYSE:HPP) Hits New 12-Month Low – Here’s What Happened

Hudson Pacific Properties, Inc. (NYSE:HPP) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $1.72 and last traded at $1.7450, with a volume of 1701508 shares trading hands. The stock had previously closed at $1.80.

Analyst Ratings Changes

Several research analysts recently commented on the stock. New Street Research set a $2.40 price target on shares of Hudson Pacific Properties in a research note on Monday, October 13th. Cantor Fitzgerald reduced their target price on shares of Hudson Pacific Properties from $3.50 to $3.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Jefferies Financial Group lowered their price target on Hudson Pacific Properties from $2.50 to $2.40 and set a “hold” rating for the company in a report on Monday, October 13th. Wells Fargo & Company reduced their price objective on Hudson Pacific Properties from $3.40 to $3.10 and set an “overweight” rating on the stock in a report on Wednesday, August 27th. Finally, The Goldman Sachs Group lifted their target price on Hudson Pacific Properties from $2.80 to $3.20 and gave the company a “neutral” rating in a research report on Wednesday, September 17th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.13.

Hudson Pacific Properties Stock Performance

The firm has a market cap of $662.22 million, a price-to-earnings ratio of -0.62 and a beta of 1.62. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.18 and a quick ratio of 2.18. The firm has a fifty day simple moving average of $2.55 and a two-hundred day simple moving average of $2.52.

Hudson Pacific Properties shares are going to reverse split on Monday, December 1st. The 1-7 reverse split was announced on Monday, November 17th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, November 28th.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The business had revenue of $186.62 million during the quarter, compared to the consensus estimate of $186.05 million. Hudson Pacific Properties had a negative net margin of 53.76% and a negative return on equity of 15.10%. Hudson Pacific Properties has set its Q4 2025 guidance at 0.010-0.050 EPS. On average, analysts expect that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current year.

Hedge Funds Weigh In On Hudson Pacific Properties

Institutional investors have recently bought and sold shares of the business. Xponance Inc. lifted its holdings in Hudson Pacific Properties by 19.9% in the 3rd quarter. Xponance Inc. now owns 29,100 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 4,821 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its stake in shares of Hudson Pacific Properties by 8.8% in the first quarter. Resona Asset Management Co. Ltd. now owns 62,503 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 5,051 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Hudson Pacific Properties by 1.0% during the third quarter. Envestnet Asset Management Inc. now owns 576,274 shares of the real estate investment trust’s stock worth $1,591,000 after acquiring an additional 5,544 shares during the last quarter. Ballentine Partners LLC grew its stake in Hudson Pacific Properties by 25.4% during the 3rd quarter. Ballentine Partners LLC now owns 28,201 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 5,709 shares in the last quarter. Finally, Metis Global Partners LLC raised its holdings in Hudson Pacific Properties by 43.8% in the 2nd quarter. Metis Global Partners LLC now owns 23,273 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 7,090 shares during the last quarter. 97.58% of the stock is owned by hedge funds and other institutional investors.

About Hudson Pacific Properties

Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.