Hudson Pacific Properties (NYSE:HPP) Given New $14.00 Price Target at Wells Fargo & Company

Hudson Pacific Properties (NYSE:HPP) had its price objective boosted by investment analysts at Wells Fargo & Company from $13.50 to $14.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 13.78% from the company’s current price.

Other analysts have also recently issued reports about the company. Zacks Research raised Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd. Jefferies Financial Group set a $8.00 price objective on Hudson Pacific Properties and gave the stock a “hold” rating in a report on Friday, March 6th. BTIG Research reissued a “buy” rating and set a $26.00 price objective on shares of Hudson Pacific Properties in a report on Wednesday, May 6th. BMO Capital Markets reissued a “market perform” rating on shares of Hudson Pacific Properties in a report on Thursday, February 26th. Finally, Piper Sandler reissued a “neutral” rating and set a $12.00 price objective (up from $6.50) on shares of Hudson Pacific Properties in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Hudson Pacific Properties has a consensus rating of “Hold” and an average target price of $14.82.

Hudson Pacific Properties Trading Up 2.7%

NYSE:HPP traded up $0.32 on Monday, hitting $12.30. 227,397 shares of the stock were exchanged, compared to its average volume of 1,344,969. The stock has a market capitalization of $667.37 million, a price-to-earnings ratio of -1.22, a P/E/G ratio of 0.96 and a beta of 1.94. Hudson Pacific Properties has a 52 week low of $5.26 and a 52 week high of $21.70. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.65 and a current ratio of 1.65. The company’s 50-day moving average price is $8.54 and its 200 day moving average price is $9.39.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share for the quarter, topping the consensus estimate of ($0.92) by $0.10. The firm had revenue of $181.85 million during the quarter, compared to analysts’ expectations 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, equities research analysts forecast that Hudson Pacific Properties will post 1.06 earnings per share for the current year.

Hedge Funds Weigh In On Hudson Pacific Properties

Several institutional investors have recently modified their holdings of the stock. Pensionfund Sabic acquired a new position in shares of Hudson Pacific Properties in the 4th quarter valued at approximately $59,000. Evergreen Capital Management LLC acquired a new position in shares of Hudson Pacific Properties in the 2nd quarter valued at approximately $28,000. Orion Porfolio Solutions LLC acquired a new position in shares of Hudson Pacific Properties in the 3rd quarter valued at approximately $28,000. United Capital Financial Advisors LLC acquired a new position in shares of Hudson Pacific Properties in the 3rd quarter valued at approximately $30,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Hudson Pacific Properties in the 3rd quarter valued at approximately $32,000. 97.58% of the stock is currently 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.