B of A Securities Downgrades Hudson Pacific Properties to Sell
B of A Securities lowered its rating on Hudson Pacific Properties to sell with a $14 target, a 4.24% downside from the current price.
Key Points
- B of A Securities downgraded Hudson Pacific Properties to sell on June 16, 2026, setting a new price target of $14.
- B of A Securities's $14 price target implies 4.24% downside from Hudson Pacific Properties, Inc.'s ($HPP) current $14.62 share price.
- Shares of Hudson Pacific Properties were trading around $15.15 with a market cap of approximately $794 million.
- Insider buying activity was noted on May 28, 2026, by several individuals including Ritson Ferguson and Ted Antenucci.
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B of A Securities has taken a bearish stance on Hudson Pacific Properties, Inc. (NYSE: HPP). On June 16, 2026, the firm downgraded the stock to a sell rating and set a new price target of $14. This comes as the shares were trading around $15.15.
Analysts Set New Price Targets
On June 16, 2026, B of A Securities downgraded Hudson Pacific Properties to a sell rating with a $14 price target. BMO Capital maintained its hold rating on June 15, 2026, with a target of $16. Earlier, on June 1, 2026, Wells Fargo maintained a buy rating with a target of $14. Piper Sandler and Goldman Sachs also maintained hold ratings with targets of $12 on May 28 and May 19, respectively.
Other Institutional Activity in Hudson Pacific Properties
Several institutional investors have been active in Hudson Pacific Properties. Cohen & Steers, Inc. increased its holdings by 275,149 shares, reaching a total of 9,643,541 shares valued at about $56.99 million. BlackRock, Inc. added 593,549 shares, bringing its total to 7,051,452 shares worth approximately $41.67 million. Philosophy Capital Management LLC significantly boosted its position by 1,244,875 shares, now holding 3,545,971 shares valued at around $20.96 million. Vanguard Portfolio Management LLC entered with 2,852,157 shares, valued at about $16.86 million, while T. Rowe Price Investment Management, Inc. increased its stake by 1,292,035 shares to 2,826,598 shares worth $16.71 million.
Hudson Pacific Properties, Inc. Stock Up 11.3%
Hudson Pacific Properties, Inc. (NYSE: HPP) shares are trading near $15.15. The company has a market capitalization of approximately $794 million, and its forward P/E ratio is not meaningful as it is currently unprofitable. The stock has a 52-week low of $5.26 and a high of $21.70, with a 50-day moving average of $10.62 and a 200-day moving average of $12.01. The company's debt-to-equity ratio is notably high at 119.36.
Insider Buying and Selling at Hudson Pacific Properties, Inc.
On May 28, 2026, several insiders, including Ritson Ferguson and Ted Antenucci, bought 7,462 shares each. These transactions were not part of a pre-planned trading program. Earlier, on March 30, 2026, Ritson Ferguson purchased 16,000 shares at an average price of $5.97.
About Hudson Pacific Properties
Hudson Pacific Properties, Inc. is a real estate investment trust based in Los Angeles, California. The company focuses on serving tech and media tenants, providing office and studio spaces. Led by CEO Victor J. Coleman, Hudson Pacific operates in the Real Estate sector, specifically within the Office REIT industry. The company was established in 1997 and employs around 607 people.
Bottom Line
B of A Securities' downgrade to a sell rating reflects a cautious outlook on Hudson Pacific Properties. Investors often watch such analyst actions closely as they can impact stock performance. Keep in mind that this rating is based on past data and may not reflect the current situation.
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