Hudson Pacific lifts 2026 outlook as studio NOI hits $4.3MM, even as losses reach $1.56B over 19 straight quarters. Los Angeles-based Hudson Pacific Properties raised its 2026 earnings outlook on Nov. 5 as its Hollywood studio business swung back into the black, its five-building LA office portfolio stayed nearly full and the wind-down of its money-losing non-core Quixote operations neared the finish line, even as a $218 million quarterly loss sent its shares sharply lower. Thank you for your interest in The Registry. If you'd like to read further, you must Subscribe or Log In below to read the rest of this content. Signup for news and special announcements!

TMG, KKR acquire San Jose's Skyport Plaza from Hudson Pacific. TMG Partners has acquired Skyport Plaza, a 435,000-square-foot office and retail complex located at 1650 Technology Dr., 1700 Technology Dr., 50 Skyport Dr. and 90 Skyport Dr. in San Jose. TMG Partners acquired the asset together with accounts managed by KKR. The seller was Hudson Pacific Properties, which announced a $75.5-million sale price. In conjunction with the acquisition, TMG signed a long-term, 393,000-square-foot lease with the County of Santa Clara. The 30-year lease is expected to commence in the first quarter of 2029, following extensive renovations to the two office buildings, formerly occupied by Qualcomm and now 100% vacant. The retail is fully occupied. "We're pleased to support the County of Santa Clara in their consolidation at Skyport Plaza which will provide a more efficient and modern experience for their employees," said TMG co-CEO Ben Kochalski. "We look forward to working with them on the property improvements to modernize the infrastructure for their staff, as well as provide a location where they can conveniently access services and restaurants." Read More News Stories About: KKR * | Sale/Acquisition

Hudson Pacific Properties (NYSE:HPP) shares gap down - here's why. September 8, 2026 Key points. * Hudson Pacific Properties shares fell 2.5%. The stock opened at $11.96 after previously closing at $12.61 and last traded near $12.16. * Analyst sentiment remains mixed, with a consensus "Hold" rating and an average price target of $15.82. Targets range from Morgan Stanley's $9.00 to Mizuho's $17.00. * The REIT reported a quarterly loss of $1.62 per share, missing estimates by $0.90, although revenue of $188.3 million exceeded expectations. Director Jon Bortz also purchased 25,000 shares worth $335,000. * MarketBeat previews the top five stocks to own by October 1st. Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) shares gapped down prior to trading on Tuesday. The stock had previously closed at $12.61, but opened at $11.96. Hudson Pacific Properties shares last traded at $12.1610, with a volume of 37,217 shares trading hands. Analyst Ratings changes. A number of analysts have weighed in on the stock. Morgan Stanley set a $9.00 price target on shares of Hudson Pacific Properties and gave the company an "underweight" rating in a report on Wednesday, July 22nd. Citigroup reaffirmed a "neutral" rating and set a $15.00 price objective (up from $13.00) on shares of Hudson Pacific Properties in a research report on Thursday, August 13th. Weiss Ratings reiterated a "sell (d)" rating on shares of Hudson Pacific Properties in a research note on Wednesday, August 26th. Mizuho lifted their target price on Hudson Pacific Properties from $15.00 to $17.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 21st. Finally, BMO Capital Markets restated a "market perform" rating and set a $16.00 price target (up from $8.00) on shares of Hudson Pacific Properties in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $15.82. Hudson Pacific Properties stock down 2.5%. The company has a market cap of $667.36 million, a P/E ratio of -1.39, a PEG ratio of 1.17 and a beta of 1.89. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.11 and a quick ratio of 1.11. The business's 50 day moving average price is $14.51 and its 200-day moving average price is $11.24. Hudson Pacific Properties (NYSE:HPP - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported ($1.62) EPS for the quarter, missing analysts' consensus estimates of ($0.72) by ($0.90). Hudson Pacific Properties had a negative return on equity of 20.76% and a negative net margin of 70.04%.The company had revenue of $188.30 million for the quarter, compared to the consensus estimate of $181.80 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. On average, analysts anticipate that Hudson Pacific Properties, Inc. will post 1.12 earnings per share for the current fiscal year. Insider activity at Hudson Pacific Properties. In related news, Director Jon Bortz purchased 25,000 shares of the business's stock in a transaction on Tuesday, August 11th. The shares were purchased at an average price of $13.40 per share, with a total value of $335,000.00. Following the completion of the purchase, the director owned 35,394 shares in the company, valued at $474,279.60. This represents a 240.52% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.47% of the stock is currently owned by corporate insiders. Institutional investors weigh in on Hudson Pacific Properties. Several institutional investors have recently added to or reduced their stakes in HPP. Corient Private Wealth LP acquired a new position in Hudson Pacific Properties during the 2nd quarter worth approximately $333,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Hudson Pacific Properties by 4,462.2% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 42,976 shares of the real estate investment trust's stock worth $653,000 after purchasing an additional 42,034 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Hudson Pacific Properties by 72.1% in the second quarter. Hsbc Holdings PLC now owns 103,664 shares of the real estate investment trust's stock worth $1,602,000 after purchasing an additional 43,437 shares in the last quarter. Wellington Management Group LLP acquired a new position in Hudson Pacific Properties during the second quarter worth $23,325,000. Finally, Valueworks LLC acquired a new position in Hudson Pacific Properties during the second quarter worth $25,667,000. 97.58% of the stock is owned by institutional investors. About Hudson Pacific Properties. Hudson Pacific Properties NYSE: HPP is a self-managed real estate investment trust focused on the acquisition, development and management of high-quality office and studio properties. The company's portfolio spans strategic West Coast markets in the United States and key markets in Canada, providing space for technology, media and creative companies as well as major film and television producers. As an owner and operator of both traditional office buildings and specialized production facilities, Hudson Pacific seeks to deliver stable income through long-term leases and strategic property enhancements. In its office segment, Hudson Pacific targets markets with strong job growth and limited supply, including Los Angeles, Silicon Valley, San Diego and Seattle, as well as Vancouver, British Columbia. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Hudson Pacific Properties, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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