Hudson Pacific Properties (NYSE:HPP) Downgraded by Zacks Research to Strong Sell

Zacks Research cut shares of Hudson Pacific Properties (NYSE:HPP) from a hold rating to a strong sell rating in a research note released on Thursday morning,Zacks.com reports.

HPP has been the subject of a number of other research reports. The Goldman Sachs Group set a $16.50 price objective on shares of Hudson Pacific Properties and gave the company a “neutral” rating in a research report on Friday, December 19th. Wells Fargo & Company set a $2.60 price target on Hudson Pacific Properties in a research note on Tuesday, November 25th. Morgan Stanley boosted their price objective on Hudson Pacific Properties to $14.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hudson Pacific Properties in a report on Monday. Finally, Piper Sandler reduced their price objective on shares of Hudson Pacific Properties from $21.00 to $17.50 and set a “neutral” rating for the company in a research note on Monday, November 10th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $18.46.

Hudson Pacific Properties Stock Up 3.7%

HPP opened at $11.23 on Thursday. The stock has a market capitalization of $608.89 million, a price-to-earnings ratio of -0.66 and a beta of 1.49. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.78 and a quick ratio of 1.78. The business has a 50-day moving average of $13.37 and a two-hundred day moving average of $16.94. Hudson Pacific Properties has a 12 month low of $9.96 and a 12 month high of $24.01.

Hudson Pacific Properties (NYSE:HPP) last posted its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Hudson Pacific Properties had a negative net margin of 59.61% and a negative return on equity of 16.24%. The firm had revenue of $186.62 million during the quarter, compared to the consensus estimate of $186.05 million. Hudson Pacific Properties has set its Q4 2025 guidance at 0.010-0.050 EPS. On average, research analysts expect that Hudson Pacific Properties will post 0.45 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Abel Hall LLC acquired a new stake in shares of Hudson Pacific Properties in the 2nd quarter valued at about $28,000. Ethic Inc. acquired a new stake in Hudson Pacific Properties in the third quarter valued at $28,000. Evergreen Capital Management LLC bought a new position in shares of Hudson Pacific Properties in the 2nd quarter valued at about $28,000. Orion Porfolio Solutions LLC acquired a new position in shares of Hudson Pacific Properties during the 3rd quarter worth about $28,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in shares of Hudson Pacific Properties during the 2nd quarter worth about $29,000. Institutional investors and hedge funds own 97.58% of the company’s stock.

Hudson Pacific Properties Company Profile

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.