Wedbush Research Analysts Cut Earnings Estimates for HPP

Hudson Pacific Properties, Inc. (NYSE:HPP) – Stock analysts at Wedbush dropped their FY2025 earnings per share (EPS) estimates for shares of Hudson Pacific Properties in a research note issued on Monday, February 24th. Wedbush analyst R. Anderson now expects that the real estate investment trust will post earnings per share of $0.46 for the year, down from their previous forecast of $0.59. The consensus estimate for Hudson Pacific Properties’ current full-year earnings is $0.45 per share.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $209.67 million during the quarter, compared to the consensus estimate of $207.95 million. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%.

Several other research analysts have also recently commented on HPP. Jefferies Financial Group reduced their target price on shares of Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating for the company in a report on Thursday, January 2nd. Piper Sandler reduced their price objective on shares of Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating for the company in a research note on Monday. Mizuho decreased their price objective on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Scotiabank dropped their target price on Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group decreased their price target on Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $4.31.

Hudson Pacific Properties Price Performance

Shares of HPP opened at $3.08 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. Hudson Pacific Properties has a twelve month low of $2.39 and a twelve month high of $7.20. The stock has a market capitalization of $434.99 million, a P/E ratio of -1.20 and a beta of 1.30. The company has a 50 day moving average of $2.98 and a 200-day moving average of $3.91.

Insider Buying and Selling at Hudson Pacific Properties

In other Hudson Pacific Properties news, CEO Victor J. Coleman bought 50,000 shares of Hudson Pacific Properties stock in a transaction dated Wednesday, December 18th. The stock was bought at an average cost of $2.87 per share, for a total transaction of $143,500.00. Following the purchase, the chief executive officer now owns 487,451 shares of the company’s stock, valued at $1,398,984.37. The trade was a 11.43 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.92% of the company’s stock.

Institutional Investors Weigh In On Hudson Pacific Properties

Hedge funds have recently added to or reduced their stakes in the business. GeoWealth Management LLC acquired a new position in shares of Hudson Pacific Properties in the fourth quarter valued at $27,000. Blue Trust Inc. boosted its holdings in shares of Hudson Pacific Properties by 549.1% during the 3rd quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 5,013 shares during the period. Xponance Inc. bought a new stake in shares of Hudson Pacific Properties during the 4th quarter worth about $30,000. Opinicus Capital Inc. acquired a new position in Hudson Pacific Properties in the 4th quarter valued at about $32,000. Finally, Cibc World Markets Corp bought a new position in Hudson Pacific Properties in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 97.58% of the company’s stock.

Hudson Pacific Properties Company Profile

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.