B of A Securities Downgrades HPP to 'Sell', Sets $14 Price Target
B of A Securities has downgraded HPP to a 'sell' with a new price target of $14, a 7.59% downside from the current price.
Key Points
- B of A Securities downgraded HPP to a 'sell' with a $14 price target on June 16, 2026.
- B of A Securities's $14 price target implies 7.59% downside from Hudson Pacific Properties, Inc.'s ($HPP) current $15.15 share price.
- HPP shares recently traded at $15.15, and insider buying was reported in late May 2026.
- Institutional investors like BlackRock and Philosophy Capital Management have adjusted their positions in HPP.
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B of A Securities has lowered its rating on HPP to 'sell', setting a new price target of $14. This downgrade was announced on June 16, 2026, by analyst Camille Bonnel. The stock was trading at $15.15 at the time of the announcement.
Other Institutional Activity in HPP
Several large investment firms have been adjusting their positions in HPP. Cohen & Steers, Inc. increased its holdings by 275,149 shares, bringing its total to 9,643,541 shares valued at approximately $56.99 million. BlackRock, Inc. also grew its stake by 593,549 shares, reaching a total of 7,051,452 shares worth about $41.67 million. Philosophy Capital Management LLC made a significant move, adding 1,244,875 shares to hold 3,545,971 shares valued at $20.96 million. Meanwhile, Vanguard Portfolio Management LLC established a new position with 2,852,157 shares, valued at $16.86 million. T. Rowe Price Investment Management, Inc. increased its holdings by 1,292,035 shares, totaling 2,826,598 shares worth $16.71 million.
Hudson Pacific Properties, Inc. Stock Up 15.3%
Shares of HPP recently traded at $15.15. The stock has seen various adjustments in institutional holdings, reflecting ongoing interest from major investors.
Insider Buying and Selling at Hudson Pacific Properties, Inc.
Insider activity at HPP shows several purchases in late May 2026. On May 28, insiders including Ritson Ferguson, Ted Antenucci, Jon Bortz, Barry Sholem, and Robert Harris II each bought 7,462 shares. These transactions were not part of a pre-planned trading scheme. Earlier, on March 30, Ritson Ferguson also purchased 16,000 shares at an average price of $5.97.
Analysts Set New Price Targets
On June 16, 2026, B of A Securities downgraded HPP to a 'sell' with a $14 price target. The day before, BMO Capital maintained a 'hold' rating with a $16 target. Wells Fargo has kept a 'buy' rating since June 1, with a $14 target. Other firms like Piper Sandler, Goldman Sachs, and Citigroup have maintained 'hold' ratings with targets ranging from $12 to $13. BTIG reiterated a 'buy' rating with a notably higher target of $26 on May 6.
Bottom Line
B of A Securities' downgrade of HPP to 'sell' with a $14 price target highlights some caution among analysts about the stock's future performance. While the stock trades at $15.15, insider buying and significant institutional adjustments suggest varied outlooks on HPP's prospects. As always, these analyst ratings and insider activities provide insights into market sentiment but are based on past data and forecasts.
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