Hudson Pacific Properties (NYSE:HPP) Director Jon Bortz Acquires 25,000 Shares

Hudson Pacific Properties, Inc. (NYSE:HPP) Director Jon Bortz bought 25,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of $13.40 per share, for a total transaction of $335,000.00. Following the transaction, the director directly owned 35,394 shares in the company, valued at $474,279.60. This trade represents a 240.52% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Hudson Pacific Properties Stock Down 2.5%

HPP opened at $13.30 on Wednesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.11 and a quick ratio of 1.65. The business has a 50 day simple moving average of $14.83 and a 200-day simple moving average of $10.47. The stock has a market capitalization of $721.61 million, a P/E ratio of -1.50, a P/E/G ratio of 1.04 and a beta of 1.90. Hudson Pacific Properties, Inc. has a 12 month low of $5.26 and a 12 month high of $21.70.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.90). The business had revenue of $188.30 million during the quarter, compared to analysts’ expectations of $181.80 million. Hudson Pacific Properties had a negative net margin of 70.04% and a negative return on equity of 20.76%. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. On average, equities analysts anticipate that Hudson Pacific Properties, Inc. will post 1.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on HPP shares. BTIG Research reaffirmed a “buy” rating and set a $26.00 price target on shares of Hudson Pacific Properties in a research note on Wednesday, May 6th. Cantor Fitzgerald raised their price objective on shares of Hudson Pacific Properties from $14.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Wells Fargo & Company boosted their price objective on shares of Hudson Pacific Properties from $13.50 to $14.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Piper Sandler upgraded shares of Hudson Pacific Properties from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $16.00 to $18.00 in a research report on Thursday, August 6th. Finally, Zacks Research cut shares of Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $15.40.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HPP. Balyasny Asset Management L.P. raised its stake 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 buying an additional 8,646,463 shares during the last quarter. Conversant Capital LLC grew its stake 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 acquiring an additional 7,981,580 shares during the last quarter. BlackRock Inc. purchased a new position in Hudson Pacific Properties during the 2nd quarter valued at about $102,830,000. Russell Investments Group Ltd. increased its holdings in Hudson Pacific Properties by 25.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,225,104 shares of the real estate investment trust’s stock valued at $17,181,000 after acquiring an additional 1,245,435 shares in the last quarter. Finally, UBS Group AG raised its position in Hudson Pacific Properties by 657.0% during the third quarter. UBS Group AG now owns 5,617,697 shares of the real estate investment trust’s stock worth $15,505,000 after acquiring an additional 4,875,549 shares during the last quarter. Hedge funds and other institutional investors own 97.58% of the company’s stock.

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.