Sumitomo Mitsui DS Asset Management Company Ltd Sells 61,734 Shares of Hudson Pacific Properties, Inc. $HPP

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its holdings in Hudson Pacific Properties, Inc. (NYSE:HPP) by 85.7% in the 4th quarter, HoldingsChannel reports. The firm owned 10,289 shares of the real estate investment trust’s stock after selling 61,734 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Hudson Pacific Properties were worth $111,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Hudson Pacific Properties by 14.3% during the 3rd quarter. Vanguard Group Inc. now owns 38,453,976 shares of the real estate investment trust’s stock worth $106,133,000 after acquiring an additional 4,815,234 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings 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 worth $43,054,000 after acquiring an additional 8,646,463 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Hudson Pacific Properties by 20.1% during the 3rd quarter. Principal Financial Group Inc. now owns 12,196,771 shares of the real estate investment trust’s stock worth $33,663,000 after acquiring an additional 2,039,627 shares in the last quarter. Conversant Capital LLC raised its holdings in shares of Hudson Pacific Properties by 293.6% during the 2nd quarter. Conversant Capital LLC now owns 10,700,000 shares of the real estate investment trust’s stock worth $29,318,000 after acquiring an additional 7,981,580 shares in the last quarter. Finally, Hudson Bay Capital Management LP raised its holdings in Hudson Pacific Properties by 1.0% during the 3rd quarter. Hudson Bay Capital Management LP now owns 6,987,635 shares of the real estate investment trust’s stock valued at $19,286,000 after buying an additional 68,089 shares during the period. 97.58% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Hudson Pacific Properties

Here are the key news stories impacting Hudson Pacific Properties this week:

• Positive Sentiment: Hudson Pacific reported first-quarter results that beat expectations, with FFO of $0.25 per share versus $0.18 expected and revenue of $181.85 million versus $175.12 million estimated, supporting the view that operations are improving. Hudson Pacific Properties (HPP) Beats Q1 FFO Estimates
• Positive Sentiment: The company raised its 2026 core FFO outlook to $1.10-$1.18 per share, above the prior consensus, and said it is targeting about $200 million in FFO-accretive dispositions, which could help strengthen the portfolio and support cash flow. Hudson Pacific projects 2026 core FFO of $1.10-$1.18 per share while targeting ~$200M of FFO-accretive dispositions
• Positive Sentiment: Several earnings-call summaries highlighted a turnaround story, with management pointing to better leasing trends and an improved outlook, which may be helping investor sentiment. Hudson Pacific Properties Lifts Outlook Amid Turnaround
• Positive Sentiment: BTIG Research reportedly reiterated a Buy rating, adding support for the stock after the results. Hudson Pacific Properties (NYSE:HPP) Receives “Buy” Rating from BTIG Research
• Neutral Sentiment: An article comparing Hudson Pacific with Service Properties Trust is not likely to be a major near-term driver by itself. Hudson Pacific Properties (NYSE:HPP) and Service Properties Trust (NASDAQ:SVC) Head-To-Head Analysis
• Negative Sentiment: Bisnow reported that while office leasing is improving, a major loan maturity is approaching, keeping refinancing and leverage concerns in focus for investors. Hudson Pacific Office Leasing Looking Up, But Big Loan Maturity Looms

Analyst Ratings Changes

Several analysts recently weighed in on the company. Morgan Stanley decreased their price target on Hudson Pacific Properties from $8.00 to $5.00 and set an “underweight” rating on the stock in a report on Tuesday, March 31st. Piper Sandler decreased their price target on Hudson Pacific Properties from $8.00 to $6.50 and set a “neutral” rating on the stock in a report on Wednesday, April 1st. BTIG Research reiterated a “buy” rating and issued a $26.00 target price on shares of Hudson Pacific Properties in a research note on Wednesday, May 6th. Jefferies Financial Group set a $8.00 target price on Hudson Pacific Properties and gave the stock a “hold” rating in a research note on Friday, March 6th. Finally, Wells Fargo & Company reduced their target price on Hudson Pacific Properties from $18.20 to $13.50 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Hudson Pacific Properties presently has an average rating of “Hold” and an average target price of $14.11.

Hudson Pacific Properties Price Performance

HPP opened at $10.94 on Monday. Hudson Pacific Properties, Inc. has a 12-month low of $5.26 and a 12-month high of $21.70. The company has a current ratio of 1.65, a quick ratio of 1.78 and a debt-to-equity ratio of 1.28. The business’s fifty day simple moving average is $7.06 and its 200-day simple moving average is $10.02. The company has a market capitalization of $593.55 million, a price-to-earnings ratio of -1.08, a PEG ratio of 0.99 and a beta of 1.86.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.10. Hudson Pacific Properties had a negative return on equity of 19.05% and a negative net margin of 67.89%.The business had revenue of $181.85 million for the quarter, compared to the consensus estimate of $175.12 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. On average, equities research analysts anticipate that Hudson Pacific Properties, Inc. will post 1.14 earnings per share for the current fiscal year.

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.