Hudson Pacific Properties, Inc. (HPP) Stock Price & Analysis
Hudson Pacific Properties, Inc. (HPP) closed at USD 10.58 on Thursday, October 22, 2026, up 11.84% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 9.46; the Oct 22, 2026 session ranged USD 9.35–10.64 on volume of 867,036 shares. Market capitalization is $574.16M, with a 52-week range of USD 5.26–18.41 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 07:55 UTC.
Also available as compact Markdown for AI agents: nexqual.com/HPP.md
Key facts (HPP)
- Last four reported quarters (through Jun 30, 2026): revenue $813M, net income -$580M (-71.3% margin) (SEC filings).
- 1 of 80 tracked superinvestors hold HPP (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $335K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 2.92 on a 1–5 scale) (12 analysts), mean target USD 16.27 (range 9–26).
- Total return with dividends: 1Y -41.2% vs S&P 500 +14.9%; 5Y -93.5% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD -0.73, revenue estimate $185M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (HPP)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $897M | $1.03B | $952M | $842M | $831M | $813M |
| Gross profit | $561M | $612M | $502M | $388M | $403M | — |
| Net income | $29.0M | -$16.5M | -$171M | -$381M | -$592M | -$580M |
| EPS (diluted) | $0.28 | -$2.73 | -$9.54 | -$18.05 | -$12.81 | — |
| Gross margin | 62.6% | 59.7% | 52.7% | 46.1% | 48.5% | — |
| Net margin | 3.2% | -1.6% | -17.9% | -45.3% | -71.3% | -71.3% |
| Revenue growth | +11.4% | +14.4% | -7.2% | -11.6% | -1.3% | — |
| Cash + short-term investments | $96.6M | $256M | $100M | $63.3M | $138M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (HPP)
P/S 0.7x · P/B 0.2x · Earnings yield -100.99% · Dividend yield (paid, TTM) 0.10%
Superinvestors (SEC 13F-HR, Q2 2026) (HPP)
1 of 80 tracked investors hold HPP. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Christopher Davis | Davis Advisors | 0.02% | $4.8M | Reduced -2.1% |
Insider purchases (SEC Form 4, open-market, last ~7 months) (HPP)
1 purchase, $335K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-08-11 | Bortz Jon E | Director | 25,000 | $335K | 13.4 | Too little history (no open-market trades in 2023–2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (HPP)
Consensus Hold (mean 2.92 on a 1–5 scale), 12 analysts; mean target USD 16.27 (low 9, high 26).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | Piper Sandler | Downgrade | Overweight → Neutral | $15 → $13 |
| 2026-10-12 | Piper Sandler | Target lowered | Overweight | $18 → $15 |
| 2026-09-01 | Wells Fargo | Target raised | Overweight | $14 → $17 |
| 2026-08-13 | Citigroup | Target raised | Neutral | $13 → $15 |
| 2026-08-07 | Cantor Fitzgerald | Target raised | Overweight | $14 → $17 |
| 2026-08-06 | Piper Sandler | Upgrade | Neutral → Overweight | $16 → $18 |
| 2026-07-22 | Morgan Stanley | Target raised | Underweight | $5 → $9 |
| 2026-07-21 | Piper Sandler | Target raised | Neutral | $12 → $16 |
| 2026-07-21 | Mizuho | Target raised | Neutral | $15 → $17 |
Total return (dividends reinvested) (HPP)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -41.2% | -93.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -41.3% | -42.0% |
| Volatility (annualized) | 71.5% | 58.3% |
| Max drawdown | -69.4% (Oct 2025→Apr 2026) | -96.7% (Mar 2022→Mar 2026) |
HPP revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Studio | $21.7M | 11.5% | +6.9% |
| Office | $3.5M | 1.9% | -33.5% |
| Total revenue | $188.3M | 100% | — |
HPP revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Core office revenues | $149.9M | 79.6% | -1.8% |
| Ancillary revenues | $20.5M | 10.9% | +7.7% |
| Other revenues | $4.2M | 2.2% | -29.2% |
| Chargebacks | $3.2M | 1.7% | +3.1% |
| Studio-related tenant recoveries | $528,000 | 0.3% | -17.0% |
| Total revenue | $188.3M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
HPP suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | K of Hudson Pacific Properties | “We believe combining the annual reports on Form 10-K of Hudson Pacific Properties, Inc. and the operating partnership into this single report results in the following benefits:” |
Quoted from the company's 10-K filed Feb 27, 2026.
HPP analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.72 | $-0.70 | +4.1% | $184.9M | 2 |
| Next quarter (ends Dec 2026) | $-0.69 | $-0.71 | -3.3% | $186.7M | 2 |
| Current fiscal year (ends Dec 2026) | $-3.82 | $-2.95 | +29.5% | $731.9M | 2 |
| Next fiscal year (ends Dec 2027) | $-2.62 | $-3.01 | -13.2% | $775.4M | 2 |
HPP options: expected move
Options price a move of about ±22.2% (±$2.35) by Nov 20, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±5.4% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 29 | 99.6% | ±22.2% |
| Dec 18, 2026 | 57 | 75.6% | ±23.4% |
| Jan 15, 2027 | 85 | 72.0% | ±26.7% |
| Mar 19, 2027 | 148 | 80.0% | ±38.3% |
| Jun 17, 2027 | 238 | 84.7% | ±50.3% |
30-day implied volatility 71.9% vs 73.8% realized over the last 30 trading days. Put/call ratio (volume) 0.62. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 07:55 UTC)
| Price | USD 10.58 |
|---|---|
| Change | ▲ 11.84% (up) |
| Previous Close | USD 9.46 |
| Open | USD 9.35 |
| Day Range | USD 9.35 – 10.64 |
| 52-Week Range | USD 5.26 – 18.41 |
| Volume | 867,036 shares |
| Market Cap | $574.16M |
| Exchange | NYQ |
Technical Analysis (HPP)
Nexqual's technical model rates HPP "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 07:55 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 43.62 (neutral) |
| vs SMA50 | Below (USD 12.22) |
| MACD | -0.63 (negative) |
Analyst Ratings (HPP)
Wall Street analysts rate HPP "Hold" based on 12 analysts, with a mean price target of USD 16.27 (range USD 9–26), per Nexqual as of October 23, 2026 at 07:55 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 12 |
| Mean Target | USD 16.27 |
| High Target | USD 26 |
| Low Target | USD 9 |
| Buy / Hold / Sell | 4 / 6 / 2 |
Earnings (HPP)
| Next Earnings Date | 2026-11-05 |
|---|---|
| Revenue Estimate | $184.86M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -1.62 vs est -0.73 ▼ miss |
| 2026-03-31 | USD -0.82 vs est -0.94 ▲ beat |
| 2025-12-31 | USD -4.31 vs est -0.47 ▼ miss |
| 2025-09-30 | USD -0.84 vs est -1.54 ▲ beat |
Source: Nexqual, October 23, 2026 at 07:55 UTC.
Financials & Fundamentals (HPP)
| Total Revenue | $812.79M |
|---|---|
| Revenue Growth (latest quarter, YoY) | -1.30% |
| Gross Margin | +49.24% |
| Operating Margin | -5.95% |
| Profit Margin | -67.88% |
| ROE | -17.25% |
| Debt / Equity | 1.23 |
| Current Ratio | 0.27 |
| Total Cash | $84.04M |
| Total Debt | $3.74B |
Source: Nexqual, October 23, 2026 at 07:55 UTC.
Financial Health Score (HPP)
Nexqual rates Hudson Pacific Properties, Inc.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 07:55 UTC.
| Growth | Weak — Revenue -1% YoY (annual), declining |
|---|---|
| Profitability | Mixed — Gross margin 49%, operating -6% (last 12 months) |
| Balance Sheet | Weak — $84M cash vs $3.74B debt |
| Cash Flow | Solid — Operating cash flow $121M (FY ended Dec 2025, 10-K) |
| Efficiency | Critical — ROE -17%, ROA -0.0% |
Ownership (HPP)
| Insider Ownership | +2.51% |
|---|---|
| Institutional Ownership | +123.53% |
| Shares Outstanding | 54.27M |
| Float | 49.96M |
| Short % of Float | +15.53% |
Source: Nexqual, October 23, 2026 at 07:55 UTC.
Leadership (HPP)
Hudson Pacific Properties, Inc. is led by Victor J. Coleman, Chairman & CEO, per Nexqual as of October 23, 2026 at 07:55 UTC.
| Chairman & CEO | Victor J. Coleman |
|---|---|
| President | Mark T. Lammas |
| Chief Financial Officer | Harout Krikor Diramerian |
| Executive Vice President of Leasing | Arthur X. Suazo |
| Executive Vice President of Investor Relations & Marketing | Laura Campbell |
Major Backers & Investors (HPP)
Notable institutional backers of Hudson Pacific Properties, Inc. include Cohen & Steers Inc., T. Rowe Price, Philosophy Capital Management Llc, according to Nexqual as of October 23, 2026 at 07:55 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Cohen & Steers Inc. | 18.15% |
| T. Rowe Price | 5.23% |
| Philosophy Capital Management Llc | 5.09% |
| AQR Capital Management, LLC | 4.13% |
| Principal Financial Group, Inc. | 4.07% |
| ValueWorks, LLC | 3.11% |
| Charles Schwab Investment Management, Inc. | 3% |
| Principal Funds, Inc-Real Estate Securities Fund | 1.95% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 12.47% |
| Vanguard Group | 9.81% |
Source: Nexqual, October 23, 2026 at 07:55 UTC.
From Hudson Pacific Properties, Inc.'s Latest SEC 10-K Filing (filed 2026-02-27)
Key Strengths & Strategy (as disclosed to the SEC)
- We are a vertically integrated real estate investment trust ("REIT") offering end-to-end real estate solutions for dynamic tenants in the synergistic, converging and secular growth industries of tech and media.
- We believe the breadth and depth of their expertise enables us to execute fully on our differentiated strategy, whether acquiring, repositioning, developing, operating, or selling sustainable premier office and studio properties and related services businesses.
- We invest across the risk-return spectrum, favoring opportunities that allow us to leverage leasing, capital investment and operating expertise along with deep strategic relationships to create incremental stakeholder value.
- Our world-class sustainable office and studio properties within these submarkets allow us to attract and retain quality companies as tenants, many in the increasingly synergistic technology and media and entertainment sectors.
Legal & Regulatory Risks (Item 1A, quoted)
- We could incur significant costs related to government regulation and litigation over environmental matters.
- We may incur significant costs complying with various federal, state and local laws, regulations and covenants that are applicable to our properties.
- We may become subject to litigation, which could have an adverse effect on our financial condition, results of operations, cash flow and the per share trading price of our securities.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BDN | Brandywine Realty Trust | USD 2.95 | ▲ 9.26% |
| PSTL | Postal Realty Trust, Inc. | USD 21.87 | ▲ 2.39% |
| DEA | Easterly Government Properties, | USD 22.57 | ▲ 2.13% |
| PDM | Piedmont Realty Trust, Inc. | USD 9.63 | ▲ 4.11% |
| ESBA | Empire State Realty OP, L.P. Se | USD 4.99 | ▲ 4.51% |
| DEI | Douglas Emmett, Inc. | USD 10.09 | ▲ 5.88% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 07:55 UTC. This page is informational and not investment advice.
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