What is Wedbush’s Forecast for HPP FY2025 Earnings?

Hudson Pacific Properties, Inc. (NYSE:HPP) – Equities researchers at Wedbush lowered their FY2025 earnings per share estimates for Hudson Pacific Properties in a research report issued on Monday, February 24th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will earn $0.46 per share 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.

A number of other research firms have also commented on HPP. Mizuho decreased their price target on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. 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. Piper Sandler cut their price target on Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating for the company in a report on Monday. The Goldman Sachs Group decreased their price objective on shares of Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Scotiabank dropped their target price on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 18th. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.31.

Hudson Pacific Properties Price Performance

Shares of Hudson Pacific Properties stock opened at $3.08 on Wednesday. Hudson Pacific Properties has a 1-year low of $2.39 and a 1-year high of $7.20. The firm’s 50-day moving average price is $2.98 and its two-hundred day moving average price is $3.91. 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 stock has a market capitalization of $434.99 million, a price-to-earnings ratio of -1.20 and a beta of 1.30.

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 for the quarter, topping the consensus estimate of $0.10 by $0.01. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. The business had revenue of $209.67 million for the quarter, compared to analyst estimates of $207.95 million.

Insider Buying and Selling

In related news, CEO Victor J. Coleman acquired 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average cost of $2.87 per share, with a total value of $143,500.00. Following the completion of the purchase, the chief executive officer now directly owns 487,451 shares in the company, valued at approximately $1,398,984.37. This trade represents a 11.43 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.92% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hudson Pacific Properties

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