Hudson Pacific Properties Sees Unusually Large Options Volume (NYSE:HPP)

Hudson Pacific Properties, Inc. (NYSE:HPP) was the target of some unusual options trading activity on Wednesday. Stock traders bought 40,024 call options on the stock. This represents an increase of 1,771% compared to the average volume of 2,139 call options.

Hudson Pacific Properties Trading Down 0.2%

Shares of NYSE HPP traded down $0.02 during trading on Wednesday, hitting $15.48. 765,048 shares of the company traded hands, compared to its average volume of 1,354,397. Hudson Pacific Properties has a 1 year low of $5.26 and a 1 year high of $21.70. The company has a 50-day moving average price of $9.66 and a 200-day moving average price of $9.41. The firm has a market capitalization of $839.42 million, a P/E ratio of -1.53, a P/E/G ratio of 1.17 and a beta of 1.94. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.28.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share (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 firm had revenue of $181.85 million during the quarter, compared to the consensus estimate of $175.12 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. On average, equities analysts predict that Hudson Pacific Properties will post 1.06 EPS for the current year.

Institutional Investors Weigh In On Hudson Pacific Properties

Large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased 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 acquiring an additional 203,283 shares during the last quarter. Caxton Associates LLP purchased a new stake in Hudson Pacific Properties during the 1st quarter worth approximately $82,000. Strs Ohio acquired a new position in shares of Hudson Pacific Properties in the 1st quarter valued at approximately $73,000. Creative Planning boosted its stake in shares of Hudson Pacific Properties by 25.8% during the 2nd quarter. Creative Planning now owns 46,095 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 9,467 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of Hudson Pacific Properties during the second quarter worth approximately $62,000. 97.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HPP shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Hudson Pacific Properties in a report on Friday, May 29th. Zacks Research upgraded Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 3rd. BMO Capital Markets reiterated a “market perform” rating on shares of Hudson Pacific Properties in a research report on Thursday, February 26th. The Goldman Sachs Group reiterated a “neutral” rating and set a $12.00 price target (up from $7.50) on shares of Hudson Pacific Properties in a report on Tuesday, May 19th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $26.00 target price on shares of Hudson Pacific Properties in a research note on Wednesday, May 6th. One 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. Based on data from MarketBeat, Hudson Pacific Properties presently has a consensus rating of “Hold” and a consensus price target of $14.82.

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.