Hudson Pacific Properties, Inc. (HPP) Stock Analysis
Recovery setup
Real Estate · REIT - Office
Sell if holding. Engine safety override at $15.09: Quality below floor (2.2 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 3.0/10. Specifically: Elevated put/call ratio: 77.00; Below-average business quality; Rich valuation.
Hudson Pacific Properties is a REIT owning and operating office (13.9M sq ft) and studio (1.7M sq ft) properties in Los Angeles, San Francisco Bay Area, Seattle, New York, and Vancouver/London, focused on technology and media tenants. Revenue comes from office and studio rents,... Read more
Sell if holding. Engine safety override at $15.09: Quality below floor (2.2 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 3.0/10. Specifically: Elevated put/call ratio: 77.00; Below-average business quality; Rich valuation. Chart setup: Death cross but MACD improving, RSI 77. Score 3.0/10, high confidence.
Passes 5/8 gates (clean insider activity, no SEC red flags, earnings proximity 49d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio and death cross (50MA < 200MA). Suitability: aggressive.
About Hudson Pacific Properties, Inc.
About Hudson Pacific Properties, Inc.
Hudson Pacific Properties owns 13.9 million square feet of office and 1.7 million square feet of studio property — including 45 sound stages — across Los Angeles, San Francisco, Seattle, New York, and Vancouver. The three largest office tenants, Google, Netflix, and Amazon, represented 20.6% of annualized base rent at December 31, 2025, and the top-15 tenants accounted for 42.7%. Available office space reached roughly 31.3% of the portfolio at the same date.
Hudson Pacific leases office space primarily to technology, media, and entertainment companies under long-term gross leases. An additional 7.3% of office square footage was scheduled to expire in 2026 at December 31, 2025, compounding the 31.3% availability rate. The company's capital structure carried approximately $3.4 billion in consolidated debt at February 18, 2026 — representing 79.9% of total consolidated market capitalization — following credit rating downgrades in November 2024, May 2025, and June 2025. Beginning in Q3 2025, the company temporarily modified certain unencumbered NOI-to-unsecured-interest-expense covenants to a minimum of 1.75x from 2.0x through December 31, 2026. Nine consolidated properties are subject to ground leases, expiration or termination of which could result in loss of those properties.
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West Coast office demand faces pressure from two distinct forces the 10-K identifies: the California regulatory environment, which the filing characterizes as 'more litigious and more highly regulated and taxed than many other states,' and tenant-sector volatility — the strikes that significantly affected media and entertainment properties during 2023 illustrate how entertainment labor disruptions could weigh on studio occupancy. With consolidated debt at 79.9% of market capitalization and three credit downgrades already on record, refinancing conditions in 2026 and beyond are a material constraint on the capital available to fund tenant improvements needed to retain and attract office occupants.
See also: Real Estate · REIT - Office
From Hudson Pacific Properties, Inc.'s most recent 10-K filing, extracted June 10, 2026.
Recent developments
updated 2026-06-15Recent Developments — Hudson Pacific Properties, Inc.
Latest news
- NEWS This Rocket Companies Analyst Is No Longer Bullish; Here Are Top 4 Downgrades For Tuesday — benzinga Jun 16, 2026 neutral
- NEWS B of A Securities Downgrades Hudson Pacific Properties to Underperform, Maintains Price Target to $14 — benzinga Jun 16, 2026 negative
- NEWS BMO Capital Maintains Market Perform on Hudson Pacific Properties, Raises Price Target to $16 — benzinga Jun 15, 2026 neutral
- NEWS Wells Fargo Maintains Overweight on Hudson Pacific Properties, Raises Price Target to $14 — benzinga Jun 1, 2026 positive
- NEWS Piper Sandler Maintains Neutral on Hudson Pacific Properties, Raises Price Target to $12 — benzinga May 28, 2026 neutral
Generated 2026-06-17T12:41:49Z.
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Quality Signals
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Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
6 floor-breakers
Revenue shrinking — -8.0% YoY. Growth thesis broken unless recovery story develops.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Unprofitable operations — net margin -65.0%. Quality floor flags this regardless of sector context.static
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $15.09: Quality below floor (2.2 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 3.0/10. Specifically: Elevated put/call ratio: 77.00; Below-average business quality; Rich valuation. Chart setup: Death cross but MACD improving, RSI 77. Prior stop was $14.03. Score 3.0/10, high confidence.
Take-profit target: $15.38 (+1.9% upside). Prior stop was $14.03. Stop-loss: $14.03.
Target reached (-17.7% upside); Quality below floor (2.2 < 4.0).
Hudson Pacific Properties, Inc. trades at a P/E of N/A (forward -5.4). TrendMatrix value score: 3.0/10. Verdict: Sell.
17 analysts cover HPP with a consensus score of 3.5/5. Average price target: $14.
What does Hudson Pacific Properties, Inc. do?Hudson Pacific Properties is a REIT owning and operating office (13.9M sq ft) and studio (1.7M sq ft) properties in Los...
Hudson Pacific Properties is a REIT owning and operating office (13.9M sq ft) and studio (1.7M sq ft) properties in Los Angeles, San Francisco Bay Area, Seattle, New York, and Vancouver/London, focused on technology and media tenants. Revenue comes from office and studio rents, with leases to tenants like Google, Netflix, and Amazon. The top 15 office tenants represent ~42.7% of annualized base rent; three largest tenants (Google, Netflix, Amazon) account for 20.6%.