Sanctuary Advisors LLC Decreases Stake in Hudson Pacific Properties, Inc. $HPP

Sanctuary Advisors LLC lessened its stake in Hudson Pacific Properties, Inc. (NYSE:HPP) by 83.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,661 shares of the real estate investment trust’s stock after selling 58,365 shares during the quarter. Sanctuary Advisors LLC’s holdings in Hudson Pacific Properties were worth $126,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pensionfund Sabic acquired a new position in shares of Hudson Pacific Properties in the 4th quarter valued at approximately $59,000. Pensionfund PDN acquired a new position in shares of Hudson Pacific Properties in the 4th quarter valued at approximately $131,000. JPMorgan Chase & Co. raised its position in shares of Hudson Pacific Properties by 38.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,320,823 shares of the real estate investment trust’s stock valued at $11,925,000 after purchasing an additional 1,192,974 shares in the last quarter. Hudson Bay Capital Management LP raised its position in shares of Hudson Pacific Properties by 1.0% in 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 purchasing an additional 68,089 shares in the last quarter. Finally, Swiss Life Asset Management Ltd acquired a new position in shares of Hudson Pacific Properties in the 3rd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HPP. Cantor Fitzgerald cut their target price on Hudson Pacific Properties from $13.00 to $10.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Morgan Stanley dropped their price target on Hudson Pacific Properties from $8.00 to $5.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 31st. Citigroup upped their price target on Hudson Pacific Properties from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. Piper Sandler dropped their price target on Hudson Pacific Properties from $8.00 to $6.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Finally, Wall Street Zen raised Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $14.11.

Hudson Pacific Properties Trading Down 2.8%

NYSE:HPP opened at $11.60 on Thursday. Hudson Pacific Properties, Inc. has a 1 year low of $5.26 and a 1 year high of $21.70. The stock has a market cap of $629.35 million, a price-to-earnings ratio of -1.15, a PEG ratio of 0.89 and a beta of 1.86. The business has a fifty day moving average of $7.40 and a 200-day moving average of $9.95. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.78 and a current ratio of 1.65.

Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $175.12 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. Equities analysts predict that Hudson Pacific Properties, Inc. will post 1.13 earnings per share for the current 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.