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

Core Viewpoint - Hudson Pacific Properties Inc. is currently viewed as a promising penny stock, despite a recent price target reduction by Piper Sandler from $3 to $2.50 while maintaining a Neutral rating [1]. Group 1: Financial Performance - In Q3 2025, Hudson Pacific Properties reported total revenue of $186.62 million, reflecting a year-over-year decrease of 6.87% [3]. - The company achieved a growth in Funds From Operations (FFO) to $0.04 per diluted share, indicating internal efficiency despite the revenue decline [3]. Group 2: Market Position and Strategy - The company is focusing on cash flow growth as a critical necessity in the current REIT sector, which has shown mixed performance among its peers [2]. - Hudson Pacific executed 515,000 square feet of office leasing activity in Q3, with 67% of this activity consisting of new deals aimed at enhancing future rental income [4]. - The office portfolio occupancy increased to 75.9%, marking a sequential rise of 0.8% [4].