Hudson Pacific Properties (NYSE:HPP) Shares Cross Below 200 Day Moving Average – Here’s Why

Hudson Pacific Properties, Inc. (NYSE:HPP)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $10.90 and traded as low as $10.39. Hudson Pacific Properties shares last traded at $10.52, with a volume of 966,531 shares.

Wall Street Analysts Forecast Growth

HPP has been the subject of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $16.00 price target on shares of Hudson Pacific Properties in a research note on Monday, August 10th. Citigroup reissued a “neutral” rating and issued a $15.00 price objective (up from $13.00) on shares of Hudson Pacific Properties in a research report on Thursday, August 13th. Cantor Fitzgerald raised their price objective on shares of Hudson Pacific Properties from $14.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Weiss Ratings restated a “sell (d)” rating on shares of Hudson Pacific Properties in a research report on Wednesday, August 26th. Finally, Morgan Stanley set a $9.00 target price on Hudson Pacific Properties and gave the company an “underweight” rating in a research note on Wednesday, July 22nd. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Hudson Pacific Properties presently has an average rating of “Hold” and a consensus target price of $15.27.

Hudson Pacific Properties Price Performance

The stock has a market capitalization of $570.91 million, a PE ratio of -1.19, a price-to-earnings-growth ratio of 0.92 and a beta of 1.96. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.33. The stock’s 50 day moving average price is $11.83 and its 200-day moving average price is $10.90.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly 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). The company had revenue of $188.30 million during the quarter, compared to the consensus estimate of $181.80 million. Hudson Pacific Properties had a negative return on equity of 20.76% and a negative net margin of 70.04%. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. As a group, equities analysts forecast that Hudson Pacific Properties, Inc. will post 1.16 EPS for the current year.

Insider Buying and Selling

In related news, Director Jon Bortz bought 25,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average cost of $13.40 per share, for a total transaction of $335,000.00. Following the purchase, the director directly owned 35,394 shares of the company’s stock, valued at approximately $474,279.60. The trade was a 240.52% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.47% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HPP. BlackRock Inc. bought a new stake in Hudson Pacific Properties during the 2nd quarter valued at $102,830,000. Valueworks LLC bought a new position in shares of Hudson Pacific Properties during the 2nd quarter worth $25,667,000. Wellington Management Group LLP bought a new position in shares of Hudson Pacific Properties during the 2nd quarter worth $23,325,000. Saba Capital Management L.P. grew its position in shares of 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 worth $4,916,000 after buying an additional 276,459 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of 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 worth $4,172,000 after buying an additional 89,787 shares in the last quarter. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties, Inc is a real estate investment trust that owns, operates and develops office and studio properties in major technology, media and entertainment markets. The company’s portfolio is focused primarily on the West Coast of the United States and Vancouver, Canada, with properties designed for businesses in the technology, media and creative industries.

Hudson Pacific’s office business includes creative office campuses and traditional office buildings that it leases to companies across sectors such as technology, entertainment and professional services.