Piper Sandler Increases Hudson Pacific Properties (NYSE:HPP) Price Target to $16.00

Hudson Pacific Properties (NYSE:HPP) had its price objective upped by research analysts at Piper Sandler from $12.00 to $16.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s price objective would suggest a potential upside of 9.78% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company raised their price objective on shares of Hudson Pacific Properties from $13.50 to $14.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Citigroup reiterated a “neutral” rating and issued a $13.00 target price (up from $8.00) on shares of Hudson Pacific Properties in a research report on Thursday, May 14th. The Goldman Sachs Group reissued a “neutral” rating and issued a $12.00 target price (up from $7.50) on shares of Hudson Pacific Properties in a research note on Tuesday, May 19th. Mizuho raised their price target on Hudson Pacific Properties from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $16.00 price target (up from $8.00) on shares of Hudson Pacific Properties in a research note on Monday, June 15th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $13.98.

Hudson Pacific Properties Price Performance

Shares of HPP stock traded down $0.17 during trading on Tuesday, hitting $14.57. The company had a trading volume of 199,789 shares, compared to its average volume of 1,252,496. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.28. The stock’s 50-day moving average is $14.01 and its two-hundred day moving average is $10.00. The stock has a market capitalization of $790.55 million, a price-to-earnings ratio of -1.44, a price-to-earnings-growth ratio of 1.26 and a beta of 1.89. Hudson Pacific Properties has a 52 week low of $5.26 and a 52 week high of $21.70.

Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.92) by $0.10. Hudson Pacific Properties had a negative net margin of 67.89% and a negative return on equity of 19.05%. The business had revenue of $181.85 million during the quarter, compared to analyst estimates of $175.12 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. As a group, analysts predict that Hudson Pacific Properties will post 1.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Hudson Pacific Properties

Large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in shares of Hudson Pacific Properties by 140.3% during the 1st quarter. AQR Capital Management LLC now owns 348,203 shares of the real estate investment trust’s stock worth $1,027,000 after acquiring an additional 203,283 shares during the period. Caxton Associates LLP purchased a new position in shares of Hudson Pacific Properties in the 1st quarter valued at approximately $82,000. Strs Ohio purchased a new position in shares of Hudson Pacific Properties in the 1st quarter valued at approximately $73,000. Creative Planning boosted its position in shares of Hudson Pacific Properties by 25.8% during 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 in the last quarter. Finally, Cetera Investment Advisers bought a new stake in shares of Hudson Pacific Properties during the second quarter valued at approximately $62,000. Institutional investors 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.