Streetbeat News

HPP

Hudson Pacific Properties, Inc.

https://www.hudsonpacificproperties.com

Industry

REIT - Office

Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling nearly 19 million square feet, including land for development. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more. Hudson Pacific is publicly traded on the NYSE under the symbol HPP, and listed as a component of the S&P MidCap 400 Index.

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Hudson Pacific Properties (NYSE:HPP) reported Q2 2024 earnings per share of $0.17, missing the analyst estimate of $0.18. However, the company reported sales of $218 million, beating the estimate of $216.705 million. Sales decreased by 11.08% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:30 pm

Mortgage rates have fallen to their lowest levels in over a year due to expectations of Federal Reserve rate cuts, boosting homebuyer demand and refinancing activity. This has led to a surge in mortgage applications and a significant rise in shares of real estate companies and ETFs.

Portfolio Pulse from Piero Cingari

August 07, 2024 | 1:11 pm

The COVID-19 pandemic has accelerated the trend of remote work, leading to high office vacancy rates in major U.S. cities like San Francisco, Houston, and Seattle. This has negatively impacted commercial real estate, particularly office REITs such as Alexandria Real Estate Equities (ARE), BXP Inc (BXP), Hudson Pacific Properties (HPP), Cousins Properties (CUZ), and Kilroy Realty Corporation (KRC). ETFs like Vanguard Real Estate Index Fund (VNQ), Schwab US REIT ETF (SCHH), and Real Estate Select Sector SPDR Fund (XLRE) have fared better due to diversification.

Portfolio Pulse from Hayden Buckfire

July 30, 2024 | 12:59 pm

Piper Sandler analyst Alexander Goldfarb maintains an Overweight rating on Hudson Pacific Properties (NYSE:HPP) with a $7 price target.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 3:55 pm

Streamline Health Solutions (NASDAQ:STRM) shares fell 23.3% after reporting worse-than-expected Q1 EPS results. Other notable stock movements include DDC Enterprise (NYSE:DDC) surging 101% after acquiring Omsom, and Beamr Imaging (NASDAQ:BMR) gaining 39.3% following the announcement of its Beamr Cloud solution's availability in the Oracle Cloud Marketplace.

Portfolio Pulse from Avi Kapoor

June 12, 2024 | 5:25 pm

Shares of REIT stocks are trading higher due to a drop in Treasury yields following soft May CPI figures.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:02 pm

The article highlights five oversold real estate stocks with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are RLJ Lodging Trust, Uniti Group Inc., Community Healthcare Trust Incorporated, Seritage Growth Properties, and Hudson Pacific Properties, Inc.

Portfolio Pulse from Avi Kapoor

May 28, 2024 | 12:41 pm

Goldman Sachs analyst Caitlin Burrows has maintained a Neutral rating on Hudson Pacific Properties (NYSE:HPP) and lowered the price target from $9 to $7.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:55 pm

Recent analyst ratings for Hudson Pacific Properties (NYSE:HPP) show a mix of somewhat bullish and indifferent sentiments, with 4 somewhat bullish and 3 indifferent ratings. The average 12-month price target is now $7.7, a 16.03% decrease from the previous $9.17 target. Analysts from firms like Piper Sandler and Morgan Stanley have adjusted their price targets and ratings, reflecting concerns over the company's financial performance, including a significant revenue decline of -17.23% and challenges in profitability and debt management.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 6:00 pm

Piper Sandler analyst Alexander Goldfarb reiterates an Overweight rating on Hudson Pacific Properties (HPP) and lowers the price target from $9 to $7.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 1:22 pm

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