Form 8-K Hudson Pacific Propertie For: Nov 12

Go back to Form 8-K Hudson Pacific Propertie For: Nov 12

BTIG Reiterates Buy Rating on Hudson Pacific Properties (HPP)

November 13, 2024 9:40 AM EST

BTIG analyst Thomas Catherwood reiterated a Buy rating and $11.00 price target on Hudson Pacific Properties (NYSE: HPP).

The analyst comments "Make no mistake, HPP is a company in transition: (1) its office portfolio is transitioning from three years of elevated lease expirations (2023-2025) to two years with a below average run rate (2026-2027), (2) its studio business is transitioning from the pandemic-era content creation boom to an era with more fiscally focused productions, and (3) its balance sheet is transitioning from unsecured, investment grade financing to a hybrid of secured mortgages, private placements, and... More