Hudson Pacific Properties’ (HPP) “Buy” Rating Reaffirmed at BTIG Research

Hudson Pacific Properties (NYSE:HPP)‘s stock had its “buy” rating reissued by analysts at BTIG Research in a note issued to investors on Wednesday,Benzinga reports. They currently have a $26.00 price objective on the real estate investment trust’s stock. BTIG Research’s price target suggests a potential upside of 166.26% from the stock’s previous close.

Other research analysts have also issued reports about the company. Wall Street Zen upgraded Hudson Pacific Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Piper Sandler reduced their target price on Hudson Pacific Properties from $8.00 to $6.50 and set a “neutral” rating on the stock in a report on Wednesday, April 1st. Citigroup boosted their price target on Hudson Pacific Properties from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. The Goldman Sachs Group set a $14.50 price target on Hudson Pacific Properties and gave the company a “neutral” rating in a report on Thursday, January 29th. Finally, Zacks Research upgraded Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $14.11.

Hudson Pacific Properties Stock Performance

HPP stock opened at $9.77 on Wednesday. The business’s 50-day moving average price is $6.86 and its two-hundred day moving average price is $10.24. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.25. The firm has a market cap of $529.65 million, a PE ratio of -0.75, a P/E/G ratio of 0.94 and a beta of 1.86. Hudson Pacific Properties has a 1-year low of $5.26 and a 1-year high of $21.70.

Hudson Pacific Properties (NYSE:HPP) last posted its earnings results on Thursday, February 26th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The firm had revenue of $256.03 million for the quarter, compared to analyst estimates of $168.02 million. Hudson Pacific Properties had a negative return on equity of 19.89% and a negative net margin of 69.12%.Hudson Pacific Properties has set its FY 2026 guidance at 0.960-1.060 EPS. As a group, research analysts forecast that Hudson Pacific Properties will post 1 earnings per share for the current year.

Hedge Funds Weigh In On Hudson Pacific Properties

A number of institutional investors have recently bought and sold shares of HPP. AQR Capital Management LLC increased its position in Hudson Pacific Properties by 140.3% during the first quarter. AQR Capital Management LLC now owns 348,203 shares of the real estate investment trust’s stock worth $1,027,000 after buying an additional 203,283 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of Hudson Pacific Properties in the first quarter valued at approximately $82,000. Strs Ohio acquired a new position in shares of Hudson Pacific Properties in the first quarter valued at approximately $73,000. Creative Planning grew its position in shares of Hudson Pacific Properties by 25.8% in the second quarter. Creative Planning now owns 46,095 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 9,467 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of Hudson Pacific Properties in the second quarter valued at approximately $62,000. Institutional investors and hedge funds own 97.58% of the company’s stock.

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.