Hudson Pacific Properties (NYSE:HPP) Shares Gap Up – Here’s Why

Hudson Pacific Properties, Inc. (NYSE:HPP) shares gapped up before the market opened on Tuesday . The stock had previously closed at $11.51, but opened at $12.36. Hudson Pacific Properties shares last traded at $12.2710, with a volume of 6,946 shares changing hands.

Wall Street Analyst Weigh In

HPP has been the subject of several research analyst reports. Wells Fargo & Company reiterated an “overweight” rating and issued a $17.00 price objective (up from $14.00) on shares of Hudson Pacific Properties in a report on Tuesday, September 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Hudson Pacific Properties in a research note on Wednesday, August 26th. BMO Capital Markets restated a “market perform” rating and set a $16.00 target price (up from $8.00) on shares of Hudson Pacific Properties in a report on Monday, June 15th. Piper Sandler raised Hudson Pacific Properties from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $16.00 to $18.00 in a research note on Thursday, August 6th. Finally, Mizuho boosted their price objective on shares of Hudson Pacific Properties from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Hudson Pacific Properties has a consensus rating of “Hold” and a consensus target price of $15.82.

Hudson Pacific Properties Price Performance

The business has a fifty day simple moving average of $13.70 and a two-hundred day simple moving average of $11.60. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.33. The stock has a market cap of $668.23 million, a PE ratio of -1.39, a P/E/G ratio of 1.06 and a beta of 1.89.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.90). Hudson Pacific Properties had a negative net margin of 70.04% and a negative return on equity of 20.76%. The firm had revenue of $188.30 million during the quarter, compared to analysts’ expectations of $181.80 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. Research analysts forecast that Hudson Pacific Properties, Inc. will post 1.12 earnings per share for the current year.

Insider Buying and Selling

In other Hudson Pacific Properties news, Director Jon Bortz bought 25,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of $13.40 per share, for a total transaction of $335,000.00. Following the acquisition, the director owned 35,394 shares in the company, valued at approximately $474,279.60. This represents a 240.52% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.47% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HPP. Whitebox Advisors LLC boosted its position in shares of Hudson Pacific Properties by 1,618.4% in the 1st quarter. Whitebox Advisors LLC now owns 189,080 shares of the real estate investment trust’s stock worth $1,117,000 after purchasing an additional 178,077 shares in the last quarter. Militia Capital Management LLC purchased a new position in shares of Hudson Pacific Properties in the 1st quarter worth about $1,904,000. Dimensional Fund Advisors LP grew its position in Hudson Pacific Properties by 14.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 705,984 shares of the real estate investment trust’s stock valued at $4,172,000 after purchasing an additional 89,787 shares during the last quarter. Saba Capital Management L.P. grew its position in Hudson Pacific Properties by 49.8% during the 1st quarter. Saba Capital Management L.P. now owns 831,868 shares of the real estate investment trust’s stock valued at $4,916,000 after purchasing an additional 276,459 shares during the last quarter. Finally, Quantinno Capital Management LP increased its stake in Hudson Pacific Properties by 347.8% during the 1st quarter. Quantinno Capital Management LP now owns 184,034 shares of the real estate investment trust’s stock valued at $1,088,000 after purchasing an additional 142,941 shares in the last quarter. 97.58% of the stock is owned by hedge funds and other institutional investors.

About Hudson Pacific Properties

Hudson Pacific Properties, Inc (NYSE:HPP) is a real estate investment trust that owns, operates and develops office and studio properties. The company focuses on properties serving technology, media and entertainment tenants, with offerings that include creative office space, soundstages, production facilities and related studio infrastructure.

Hudson Pacific’s portfolio is concentrated in major markets along the West Coast of the United States and in Vancouver, British Columbia. Its studio operations are conducted under the Sunset Studios brand and support film and television production through soundstages, production offices and other specialized facilities.