Mitsubishi UFJ Asset Management Co. Ltd. Sells 241,096 Shares of Hudson Pacific Properties, Inc. $HPP

Mitsubishi UFJ Asset Management Co. Ltd. reduced its stake in Hudson Pacific Properties, Inc. (NYSE:HPP) by 85.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 40,182 shares of the real estate investment trust’s stock after selling 241,096 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Hudson Pacific Properties were worth $452,000 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 company. Advisors Asset Management Inc. bought a new stake in Hudson Pacific Properties during the 3rd quarter valued at approximately $584,000. Kettle Hill Capital Management LLC boosted its position in shares of Hudson Pacific Properties by 436.7% in the third quarter. Kettle Hill Capital Management LLC now owns 4,558,816 shares of the real estate investment trust’s stock valued at $12,582,000 after acquiring an additional 3,709,391 shares during the period. Oasis Management Co Ltd. bought a new stake in shares of Hudson Pacific Properties in the third quarter valued at approximately $1,049,000. Vanguard Group Inc. grew its stake in shares of Hudson Pacific Properties by 14.3% in the third 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. Finally, JPMorgan Chase & Co. grew its stake in shares of Hudson Pacific Properties by 38.1% in the third quarter. JPMorgan Chase & Co. now owns 4,320,823 shares of the real estate investment trust’s stock worth $11,925,000 after acquiring an additional 1,192,974 shares during the last quarter. Institutional investors and hedge funds own 97.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HPP shares. Morgan Stanley dropped their price objective on shares of Hudson Pacific Properties from $8.00 to $5.00 and set an “underweight” rating on the stock in a report on Tuesday, March 31st. The Goldman Sachs Group set a $14.50 price objective on Hudson Pacific Properties and gave the company a “neutral” rating in a report on Thursday, January 29th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Hudson Pacific Properties in a report on Thursday, February 26th. Jefferies Financial Group set a $8.00 price target on Hudson Pacific Properties and gave the stock a “hold” rating in a research report on Friday, March 6th. Finally, Citigroup increased their price objective on shares of Hudson Pacific Properties from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Hudson Pacific Properties has an average rating of “Hold” and an average price target of $14.11.

Hudson Pacific Properties Stock Up 5.3%

NYSE:HPP opened at $11.94 on Wednesday. The company has a quick ratio of 1.78, a current ratio of 1.65 and a debt-to-equity ratio of 1.28. Hudson Pacific Properties, Inc. has a 12-month low of $5.26 and a 12-month high of $21.70. The stock’s fifty day simple moving average is $7.32 and its 200-day simple moving average is $10.00. The firm has a market capitalization of $647.35 million, a P/E ratio of -1.18, a P/E/G ratio of 1.04 and a beta of 1.86.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) EPS for the quarter, beating 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 company 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 research analysts expect that Hudson Pacific Properties, Inc. will post 1.13 earnings per share for the current 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.