Equities Analysts Issue Forecasts for HPP FY2025 Earnings

Hudson Pacific Properties, Inc. (NYSE:HPP) – Analysts at Wedbush boosted their FY2025 earnings per share estimates for shares of Hudson Pacific Properties in a research report issued to clients and investors on Wednesday, November 13th. Wedbush analyst R. Anderson now expects that the real estate investment trust will earn $0.59 per share for the year, up from their prior estimate of $0.57. The consensus estimate for Hudson Pacific Properties’ current full-year earnings is $0.52 per share.

Other research analysts have also recently issued reports about the stock. Wolfe Research cut shares of Hudson Pacific Properties from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 14th. Wells Fargo & Company cut their price target on Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating for the company in a research note on Wednesday, September 11th. BMO Capital Markets lowered shares of Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $8.00 to $6.00 in a research report on Thursday, August 8th. Jefferies Financial Group lowered Hudson Pacific Properties from a “buy” rating to a “hold” rating and reduced their target price for the company from $5.50 to $5.00 in a report on Tuesday, November 12th. Finally, Scotiabank decreased their price target on shares of Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating on the stock in a report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.17.

Hudson Pacific Properties Stock Performance

HPP opened at $3.33 on Monday. Hudson Pacific Properties has a 1-year low of $3.25 and a 1-year high of $9.85. The company has a market cap of $470.30 million, a price-to-earnings ratio of -1.59 and a beta of 1.31. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47. The company’s fifty day moving average price is $4.54 and its two-hundred day moving average price is $4.91.

Insider Buying and Selling

In other news, COO Andy Wattula sold 9,356 shares of Hudson Pacific Properties stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $5.28, for a total value of $49,399.68. Following the sale, the chief operating officer now directly owns 61,068 shares of the company’s stock, valued at approximately $322,439.04. The trade was a 13.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan M. Glaser sold 9,287 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $5.20, for a total transaction of $48,292.40. Following the completion of the sale, the director now owns 3,713 shares in the company, valued at $19,307.60. This represents a 71.44 % decrease in their position. The disclosure for this sale can be found here. 3.92% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its position in shares of Hudson Pacific Properties by 120.9% during the third quarter. Barclays PLC now owns 244,222 shares of the real estate investment trust’s stock worth $1,168,000 after purchasing an additional 133,673 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Hudson Pacific Properties by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,426,417 shares of the real estate investment trust’s stock worth $16,381,000 after acquiring an additional 154,101 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Hudson Pacific Properties by 11.7% during the third quarter. Public Employees Retirement System of Ohio now owns 212,406 shares of the real estate investment trust’s stock valued at $1,015,000 after buying an additional 22,167 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Hudson Pacific Properties by 13.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 185,000 shares of the real estate investment trust’s stock valued at $884,000 after buying an additional 22,300 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Hudson Pacific Properties during the 3rd quarter valued at $592,000. Institutional investors own 97.58% of the company’s stock.

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.