Research Analysts Set Expectations for HPP FY2025 Earnings

Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) - Equities research analysts at Wedbush increased their FY2025 earnings per share estimates for shares of Hudson Pacific Properties in a research note issued on Wednesday, November 13th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings of $0.59 per share for the year, up from their previous forecast of $0.57. The consensus estimate for Hudson Pacific Properties' current full-year earnings is $0.52 per share.

HPP has been the topic of several other reports. Scotiabank reduced their price objective on Hudson Pacific Properties from $7.00 to $6.00 and set a "sector perform" rating on the stock in a research note on Monday, August 26th. Jefferies Financial Group cut shares of Hudson Pacific Properties from a "buy" rating to a "hold" rating and cut their target price for the stock from $5.50 to $5.00 in a report on Tuesday, November 12th. BMO Capital Markets lowered Hudson Pacific Properties from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $8.00 to $6.00 in a report on Thursday, August 8th. The Goldman Sachs Group reduced their price objective on Hudson Pacific Properties from $6.50 to $4.70 and set a "neutral" rating for the company in a research report on Wednesday, August 14th. Finally, Wells Fargo & Company cut their target price on Hudson Pacific Properties from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research note on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Hudson Pacific Properties has an average rating of "Hold" and a consensus price target of $6.17.

Hudson Pacific Properties Stock Down 8.3 %

NYSE:HPP traded down $0.31 during mid-day trading on Monday, reaching $3.38. The stock had a trading volume of 4,666,156 shares, compared to its average volume of 2,416,027. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.47. The company has a market capitalization of $476.65 million, a price-to-earnings ratio of -1.61 and a beta of 1.31. Hudson Pacific Properties has a 1-year low of $3.34 and a 1-year high of $9.85. The stock's 50 day simple moving average is $4.57 and its two-hundred day simple moving average is $4.92.

Insider Activity

In other Hudson Pacific Properties news, COO Andy Wattula sold 9,356 shares of Hudson Pacific Properties stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $5.28, for a total value of $49,399.68. Following the transaction, the chief operating officer now owns 61,068 shares in the company, valued at approximately $322,439.04. The trade was a 13.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan M. Glaser sold 9,287 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $5.20, for a total value of $48,292.40. Following the sale, the director now owns 3,713 shares of the company's stock, valued at $19,307.60. This trade represents a 71.44 % decrease in their position. The disclosure for this sale can be found here. 2.95% of the stock is owned by insiders.

Institutional Investors Weigh In On Hudson Pacific Properties

Hedge funds have recently modified their holdings of the stock. Millennium Management LLC boosted its holdings in shares of Hudson Pacific Properties by 282.7% in the second quarter. Millennium Management LLC now owns 1,786,692 shares of the real estate investment trust's stock worth $8,594,000 after buying an additional 1,319,869 shares during the period. Scion Asset Management LLC purchased a new stake in shares of Hudson Pacific Properties in the 2nd quarter valued at approximately $5,505,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Hudson Pacific Properties by 450.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,066,056 shares of the real estate investment trust's stock worth $5,096,000 after purchasing an additional 872,538 shares in the last quarter. GSA Capital Partners LLP raised its stake in Hudson Pacific Properties by 1,822.5% during the 3rd quarter. GSA Capital Partners LLP now owns 760,086 shares of the real estate investment trust's stock valued at $3,633,000 after purchasing an additional 720,549 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Hudson Pacific Properties by 13.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,209,577 shares of the real estate investment trust's stock valued at $24,902,000 after purchasing an additional 630,932 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 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.