Kettle Hill Capital Management LLC Acquires 3,709,391 Shares of Hudson Pacific Properties, Inc. $HPP

Kettle Hill Capital Management LLC boosted its holdings in Hudson Pacific Properties, Inc. (NYSE:HPP) by 436.7% during the third quarter, Holdings Channel.com reports. The fund owned 4,558,816 shares of the real estate investment trust’s stock after buying an additional 3,709,391 shares during the quarter. Hudson Pacific Properties accounts for 2.8% of Kettle Hill Capital Management LLC’s investment portfolio, making the stock its 16th largest holding. Kettle Hill Capital Management LLC’s holdings in Hudson Pacific Properties were worth $12,582,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HPP. Balyasny Asset Management L.P. boosted its position in shares of Hudson Pacific Properties by 122.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 15,712,981 shares of the real estate investment trust’s stock valued at $43,054,000 after acquiring an additional 8,646,463 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Hudson Pacific Properties by 357.1% in the second quarter. Prudential Financial Inc. now owns 10,686,082 shares of the real estate investment trust’s stock worth $29,280,000 after purchasing an additional 8,348,371 shares during the last quarter. Conversant Capital LLC increased its position in shares of Hudson Pacific Properties by 293.6% in the second quarter. Conversant Capital LLC now owns 10,700,000 shares of the real estate investment trust’s stock worth $29,318,000 after purchasing an additional 7,981,580 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Hudson Pacific Properties in the second quarter valued at approximately $21,422,000. Finally, Sei Investments Co. raised its stake in Hudson Pacific Properties by 18,343.2% in the second quarter. Sei Investments Co. now owns 5,571,688 shares of the real estate investment trust’s stock valued at $15,266,000 after purchasing an additional 5,541,478 shares in the last quarter. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Stock Up 2.9%

HPP opened at $6.49 on Monday. Hudson Pacific Properties, Inc. has a 12 month low of $5.55 and a 12 month high of $22.89. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.25. The business’s 50-day moving average price is $8.05 and its 200-day moving average price is $13.31. The company has a market cap of $351.75 million, a P/E ratio of -0.50, a P/E/G ratio of 0.79 and a beta of 1.50.

Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Thursday, February 26th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. Hudson Pacific Properties had a negative return on equity of 19.89% and a negative net margin of 69.12%.The company had revenue of $256.03 million during the quarter, compared to analysts’ expectations of $168.02 million. Hudson Pacific Properties has set its FY 2026 guidance at 0.960-1.060 EPS. On average, equities analysts expect that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Morgan Stanley restated an “underweight” rating and set a $8.00 price objective on shares of Hudson Pacific Properties in a research report on Thursday, January 29th. Mizuho dropped their price objective on shares of Hudson Pacific Properties from $21.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, December 12th. Jefferies Financial Group set a $8.00 target price on shares of Hudson Pacific Properties and gave the stock a “hold” rating in a research report on Friday, March 6th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Hudson Pacific Properties in a research note on Thursday, February 26th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hudson Pacific Properties currently has a consensus rating of “Hold” and an average price target of $13.74.

Hudson Pacific Properties Company Profile

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.