Hudson Pacific Properties (HPP) – Research Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Hudson Pacific Properties (NYSE: HPP) in the last few weeks:

• 8/14/2024 – Hudson Pacific Properties was downgraded by analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating.
• 8/14/2024 – Hudson Pacific Properties had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $6.50 to $4.70. They now have a “neutral” rating on the stock.
• 8/8/2024 – Hudson Pacific Properties was downgraded by analysts at Piper Sandler from an “overweight” rating to a “neutral” rating. They now have a $6.00 price target on the stock, down previously from $7.00.
• 8/8/2024 – Hudson Pacific Properties was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $6.00 price target on the stock, down previously from $8.00.
• 7/10/2024 – Hudson Pacific Properties was downgraded by analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating. They now have a $4.25 price target on the stock, down previously from $6.00.
• 6/27/2024 – Hudson Pacific Properties had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $7.00 price target on the stock.

Hudson Pacific Properties Stock Up 3.7 %

Shares of NYSE HPP traded up $0.17 during trading hours on Thursday, hitting $4.73. The stock had a trading volume of 1,016,059 shares, compared to its average volume of 2,424,813. The company has a market capitalization of $667.62 million, a P/E ratio of -2.96, a P/E/G ratio of 0.76 and a beta of 1.32. The firm’s 50-day moving average price is $5.10 and its two-hundred day moving average price is $5.83. Hudson Pacific Properties, Inc. has a 52 week low of $4.26 and a 52 week high of $9.85. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.85 and a current ratio of 1.85.

Hudson Pacific Properties (NYSE:HPP) last posted its earnings results on Wednesday, August 7th. The real estate investment trust reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.50). Hudson Pacific Properties had a negative return on equity of 6.91% and a negative net margin of 23.48%. The company had revenue of $218.00 million during the quarter, compared to analyst estimates of $216.08 million. During the same quarter last year, the firm posted $0.24 earnings per share. The firm’s revenue for the quarter was down 11.1% compared to the same quarter last year. Analysts anticipate that Hudson Pacific Properties, Inc. will post 0.83 EPS for the current fiscal year.

Hudson Pacific Properties Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Monday, June 17th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.23%. Hudson Pacific Properties’s payout ratio is -12.50%.

Insider Buying and Selling at Hudson Pacific Properties

In related news, CEO Victor J. Coleman sold 100,000 shares of Hudson Pacific Properties stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $5.18, for a total value of $518,000.00. Following the completion of the sale, the chief executive officer now directly owns 387,451 shares in the company, valued at $2,006,996.18. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have purchased 13,420 shares of company stock worth $59,912 over the last three months. Company insiders own 2.95% of the company’s stock.

Hedge Funds Weigh In On Hudson Pacific Properties

Institutional investors have recently modified their holdings of the business. State Board of Administration of Florida Retirement System boosted its stake in Hudson Pacific Properties by 225.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 168,807 shares of the real estate investment trust’s stock valued at $1,123,000 after purchasing an additional 116,945 shares during the period. GRS Advisors LLC bought a new position in Hudson Pacific Properties in the fourth quarter worth approximately $18,489,000. GSA Capital Partners LLP boosted its holdings in Hudson Pacific Properties by 167.2% in the first quarter. GSA Capital Partners LLP now owns 302,179 shares of the real estate investment trust’s stock worth $1,949,000 after acquiring an additional 189,104 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Hudson Pacific Properties by 405.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 309,272 shares of the real estate investment trust’s stock valued at $1,995,000 after purchasing an additional 248,117 shares in the last quarter. Finally, Checchi Capital Advisers LLC bought a new position in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $2,969,000. Institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.