JPMorgan Chase & Co. Has $11.93 Million Holdings in Hudson Pacific Properties, Inc. $HPP

JPMorgan Chase & Co. boosted its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 38.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,320,823 shares of the real estate investment trust’s stock after acquiring an additional 1,192,974 shares during the period. JPMorgan Chase & Co.’s holdings in Hudson Pacific Properties were worth $11,925,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of HPP. AQR Capital Management LLC raised its position in shares of Hudson Pacific Properties by 140.3% during the first quarter. AQR Capital Management LLC now owns 348,203 shares of the real estate investment trust’s stock worth $1,027,000 after purchasing an additional 203,283 shares during the period. Caxton Associates LLP bought a new stake in Hudson Pacific Properties during the 1st quarter worth approximately $82,000. Strs Ohio bought a new stake in Hudson Pacific Properties during the 1st quarter worth approximately $73,000. Envestnet Asset Management Inc. raised its holdings in Hudson Pacific Properties by 844.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 570,730 shares of the real estate investment trust’s stock worth $1,564,000 after buying an additional 510,280 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in Hudson Pacific Properties in the second quarter valued at approximately $132,000. 97.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Hudson Pacific Properties from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. The Goldman Sachs Group set a $14.50 target price on shares of Hudson Pacific Properties and gave the stock a “neutral” rating in a research note on Thursday, January 29th. BTIG Research set a $26.00 target price on Hudson Pacific Properties and gave the stock a “buy” rating in a report on Friday, January 2nd. Piper Sandler set a $10.00 price target on Hudson Pacific Properties in a report on Tuesday, January 27th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $8.00 price objective on shares of Hudson Pacific Properties in a research report on Thursday, January 29th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.48.

Hudson Pacific Properties Stock Down 1.8%

Shares of HPP stock opened at $7.48 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.25. Hudson Pacific Properties, Inc. has a 1 year low of $5.55 and a 1 year high of $22.89. The firm’s fifty day moving average price is $8.55 and its two-hundred day moving average price is $13.81. The firm has a market capitalization of $405.72 million, a P/E ratio of -0.58 and a beta of 1.50.

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