Analysts Offer Predictions for HPP FY2025 Earnings

Hudson Pacific Properties, Inc. (NYSE:HPP) – Equities researchers at Wedbush cut their FY2025 earnings per share (EPS) estimates for Hudson Pacific Properties in a report issued on Monday, February 24th. Wedbush analyst R. Anderson now forecasts 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 earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $209.67 million for the quarter, compared to analysts’ expectations of $207.95 million. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%.

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

Hudson Pacific Properties Stock Up 1.2 %

Shares of Hudson Pacific Properties stock opened at $3.07 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 company has a market cap of $432.87 million, a price-to-earnings ratio of -1.19 and a beta of 1.30. The company’s 50 day moving average is $2.97 and its 200 day moving average is $3.91.

Insider Buying and Selling

In other Hudson Pacific Properties news, CEO Victor J. Coleman acquired 50,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average cost of $2.87 per share, for a total transaction of $143,500.00. Following the completion of the transaction, the chief executive officer now directly owns 487,451 shares of the company’s stock, valued at approximately $1,398,984.37. The trade was a 11.43 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.95% of the stock is currently owned by insiders.

Institutional Trading of Hudson Pacific Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its stake in Hudson Pacific Properties by 9.9% in the 3rd quarter. Van ECK Associates Corp now owns 26,718 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 2,399 shares during the period. abrdn plc lifted its holdings in shares of Hudson Pacific Properties by 10.5% in the third quarter. abrdn plc now owns 28,406 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 2,710 shares in the last quarter. Amalgamated Bank boosted its position in shares of Hudson Pacific Properties by 10.0% during the third quarter. Amalgamated Bank now owns 41,738 shares of the real estate investment trust’s stock worth $200,000 after acquiring an additional 3,802 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Hudson Pacific Properties by 6.9% during the third quarter. Louisiana State Employees Retirement System now owns 68,200 shares of the real estate investment trust’s stock valued at $326,000 after acquiring an additional 4,400 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Hudson Pacific Properties by 549.1% in the 3rd quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 5,013 shares during the last quarter. Institutional investors 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.