Piper Sandler Lowers Hudson Pacific Properties (HPP) PT to $2.50, Maintains Neutral Rating

Hudson Pacific Properties Inc. (NYSE:HPP) is one of the best NYSE penny stocks to invest in right now. On November 10, Piper Sandler lowered the firm’s price target on Hudson Pacific to $2.50 from $3 while maintaining a Neutral rating.

Q3 2025 showed a split among REITs: some maintained their positive outlooks while others reduced expectations. This period made it clear that earnings growth is a necessity in the said sector. Given the overall underperformance of REITs, Piper Sandler believes that the primary focus for Hudson Pacific Properties must be on achieving cash flow growth.

Piper Sandler Lowers Hudson Pacific Properties (HPP) PT to $2.50, Maintains Neutral Rating

The company’s Q3 earnings report showed a focus on earnings and cash flow growth, even as total revenue decreased. Total revenue for the quarter was $186.62 million, which was down 6.87% year-over-year. However, the company achieved internal efficiency and grew Funds From Operations to $0.04 per diluted share.

Hudson Pacific Properties is now positioning its portfolio for future cash flow recovery. The company executed 515,000 square feet of office leasing activity in Q3, with 67% consisting of new deals set to drive future rental income. This activity lifted the office portfolio occupancy to 75.9%, a sequential increase of 0.8%.

Hudson Pacific Properties Inc. (NYSE:HPP) is a real estate investment trust, or REIT.

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Disclosure: None. This article is originally published at Insider Monkey.