Strs Ohio Decreases Stock Holdings in Hudson Pacific Properties, Inc. $HPP

Strs Ohio trimmed its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 85.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,657 shares of the real estate investment trust’s stock after selling 57,943 shares during the period. Strs Ohio’s holdings in Hudson Pacific Properties were worth $105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Evergreen Capital Management LLC purchased a new stake in shares of Hudson Pacific Properties during the 2nd quarter worth approximately $28,000. Orion Porfolio Solutions LLC purchased a new stake in shares of Hudson Pacific Properties during the 3rd quarter worth approximately $28,000. United Capital Financial Advisors LLC purchased a new stake in shares of Hudson Pacific Properties during the 3rd quarter worth approximately $30,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Hudson Pacific Properties during the 3rd quarter worth approximately $32,000. Finally, Cullen Capital Management LLC purchased a new stake in shares of Hudson Pacific Properties during the 3rd quarter worth approximately $33,000. 97.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HPP. Piper Sandler decreased their price objective on Hudson Pacific Properties from $8.00 to $6.50 and set a “neutral” rating on the stock in a report on Wednesday, April 1st. Cantor Fitzgerald decreased their price objective on Hudson Pacific Properties from $13.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. BTIG Research reaffirmed a “buy” rating and set a $26.00 price objective on shares of Hudson Pacific Properties in a report on Wednesday, May 6th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Hudson Pacific Properties in a report on Thursday, February 26th. Finally, Wells Fargo & Company cut their target price on Hudson Pacific Properties from $18.20 to $13.50 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. One equities 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’s stock. According to MarketBeat.com, Hudson Pacific Properties presently has an average rating of “Hold” and a consensus price target of $14.11.

Hudson Pacific Properties Stock Performance

NYSE HPP opened at $11.94 on Wednesday. The company has a market cap 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. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.78 and a current ratio of 1.65. The business’s 50 day moving average price is $7.32 and its 200-day moving average price is $10.00. 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 the consensus estimate of ($0.92) by $0.10. The firm had revenue of $181.85 million for 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. Sell-side analysts predict 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.