Hudson Pacific Properties (NYSE:HPP) Updates Q4 Earnings Guidance

Hudson Pacific Properties (NYSE:HPP) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.09-0.13 for the period, compared to the consensus EPS estimate of $0.11. Hudson Pacific Properties also updated its Q4 2024 guidance to 0.090-0.130 EPS.

Analyst Ratings Changes

HPP has been the subject of a number of research reports. Wells Fargo & Company dropped their target price on shares of Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating on the stock in a report on Wednesday, September 11th. Piper Sandler lowered Hudson Pacific Properties from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $7.00 to $6.00 in a research report on Thursday, August 8th. Bank of America decreased their price target on shares of Hudson Pacific Properties from $4.50 to $4.00 and set an “underperform” rating for the company in a research report on Thursday, August 22nd. The Goldman Sachs Group reduced their price target on Hudson Pacific Properties from $6.50 to $4.70 and set a “neutral” rating on the stock in a research report on Wednesday, August 14th. Finally, Wolfe Research cut Hudson Pacific Properties from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Two 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’s stock. Based on data from MarketBeat.com, Hudson Pacific Properties currently has a consensus rating of “Hold” and an average target price of $6.30.

Hudson Pacific Properties Trading Up 4.0 %

NYSE HPP opened at $4.20 on Wednesday. The business’s fifty day simple moving average is $4.66 and its 200-day simple moving average is $4.97. Hudson Pacific Properties has a 52 week low of $4.04 and a 52 week high of $9.85. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.41.

Insider Activity at Hudson Pacific Properties

In other news, COO Andy Wattula sold 9,356 shares of Hudson Pacific Properties stock in a transaction 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 directly owns 61,068 shares of the company’s stock, valued at $322,439.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Jonathan M. Glaser sold 9,287 shares of Hudson Pacific Properties stock in a transaction on Friday, August 30th. The stock was sold at an average price of $5.20, for a total value of $48,292.40. Following the completion of the sale, the director now owns 3,713 shares of the company’s stock, valued at $19,307.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Andy Wattula sold 9,356 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $5.28, for a total transaction of $49,399.68. Following the transaction, the chief operating officer now directly owns 61,068 shares of the company’s stock, valued at approximately $322,439.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.92% 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.