Hudson Pacific Properties (NYSE:HPP) Director Acquires $87,800.00 in Stock

Hudson Pacific Properties, Inc. (NYSE:HPP) Director Jon Bortz bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 11th. The shares were acquired at an average cost of $8.78 per share, for a total transaction of $87,800.00. Following the completion of the acquisition, the director directly owned 110,394 shares in the company, valued at $969,259.32. The trade was a 9.96% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hudson Pacific Properties Stock Performance

HPP traded up $0.17 during trading hours on Thursday, reaching $8.81. The company’s stock had a trading volume of 626,994 shares, compared to its average volume of 1,000,553. The company’s 50-day moving average is $11.02 and its 200-day moving average is $10.89. Hudson Pacific Properties, Inc. has a 52 week low of $5.26 and a 52 week high of $17.20. The firm has a market cap of $478.38 million, a PE ratio of -0.87, a price-to-earnings-growth ratio of 0.54 and a beta of 2.02. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.11 and a current ratio of 1.33.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of ($0.73) by $1.01. Hudson Pacific Properties had a negative net margin of 80.01% and a negative return on equity of 25.07%. The firm had revenue of $180.89 million during the quarter, compared to analysts’ expectations of $181.62 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.150-1.210 EPS. On average, equities analysts forecast that Hudson Pacific Properties, Inc. will post 1.17 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on HPP shares. Wells Fargo & Company reaffirmed an “overweight” rating and set a $17.00 target price (up from $14.00) on shares of Hudson Pacific Properties in a report on Tuesday, September 1st. Wall Street Zen cut shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a report on Sunday, September 20th. Zacks Research downgraded shares of Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 8th. Cantor Fitzgerald boosted their price objective on Hudson Pacific Properties from $14.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Piper Sandler downgraded Hudson Pacific Properties from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $15.00 to $13.00 in a research report on Monday, October 19th. Three investment 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 MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.27.

Institutional Investors Weigh In On Hudson Pacific Properties

A number of large investors have recently added to or reduced their stakes in HPP. BlackRock Inc. bought a new position in Hudson Pacific Properties during the 2nd quarter worth $102,830,000. Valueworks LLC bought a new stake in shares of Hudson Pacific Properties during the 2nd quarter valued at $25,667,000. Wellington Management Group LLP bought a new stake in shares of Hudson Pacific Properties during the 2nd quarter valued at $23,325,000. Bank of America Corp DE bought a new stake in shares of Hudson Pacific Properties during the 2nd quarter valued at $5,138,000. Finally, Militia Capital Management LLC acquired a new stake in shares of Hudson Pacific Properties during the 1st quarter worth $1,904,000. Institutional investors and hedge funds own 97.58% of the company’s stock.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties is a real estate investment trust that owns, operates and develops office and studio properties. Its office buildings serve businesses in sectors such as technology, media and entertainment, while its studio facilities provide sound stages and production space for film and television work. The company’s properties are concentrated in major West Coast markets, including Los Angeles, the San Francisco Bay Area and Seattle, as well as Vancouver, British Columbia. Its studio platform, Sunset Studios, supports production activity with purpose-built facilities and related services.