Resona Asset Management Co. Ltd. Has $237,000 Position in Hudson Pacific Properties, Inc. $HPP

Resona Asset Management Co. Ltd. cut its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 86.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,752 shares of the real estate investment trust’s stock after selling 144,179 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Hudson Pacific Properties were worth $237,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased 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 during the last quarter. Balyasny Asset Management L.P. increased 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 during the last quarter. Principal Financial Group Inc. grew its holdings in Hudson Pacific Properties by 20.1% in the 3rd quarter. Principal Financial Group Inc. now owns 12,196,771 shares of the real estate investment trust’s stock valued at $33,663,000 after buying an additional 2,039,627 shares in the last quarter. Conversant Capital LLC grew its holdings in Hudson Pacific Properties by 293.6% in the 2nd quarter. Conversant Capital LLC now owns 10,700,000 shares of the real estate investment trust’s stock valued at $29,318,000 after buying an additional 7,981,580 shares in the last quarter. Finally, Hudson Bay Capital Management LP grew its holdings in 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 buying an additional 68,089 shares in the last quarter. 97.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on HPP. Citigroup reaffirmed a “neutral” rating and issued a $13.00 price objective (up from $8.00) on shares of Hudson Pacific Properties in a report on Thursday, May 14th. Morgan Stanley decreased their price objective 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. Wells Fargo & Company decreased their price objective on Hudson Pacific Properties from $18.20 to $13.50 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Zacks Research raised Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd. Finally, BTIG Research reaffirmed a “buy” rating and issued a $26.00 price objective on shares of Hudson Pacific Properties in a report on Wednesday, May 6th. One research 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 given a Sell rating to the company. According to MarketBeat.com, Hudson Pacific Properties presently has a consensus rating of “Hold” and a consensus price target of $14.32.

Hudson Pacific Properties Stock Performance

NYSE:HPP opened at $11.21 on Monday. The stock has a fifty day moving average price of $7.98 and a 200-day moving average price of $9.54. The company has a market cap of $607.81 million, a price-to-earnings ratio of -1.11, a PEG ratio of 0.84 and a beta of 1.86. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.65 and a current ratio of 1.65. Hudson Pacific Properties, Inc. has a fifty-two week low of $5.26 and a fifty-two week high of $21.70.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.92) by $0.10. The firm had revenue of $181.85 million during the quarter, compared to the consensus estimate of $175.12 million. Hudson Pacific Properties had a negative return on equity of 19.05% and a negative net margin of 67.89%.Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. As a group, equities analysts anticipate that Hudson Pacific Properties, Inc. will post 1.13 EPS for the current fiscal year.

Hudson Pacific Properties 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.