Hudson Pacific Properties (NYSE:HPP) Stock: Insider Jon Bortz Acquires 25,000 Shares

Hudson Pacific Properties, Inc. (NYSE:HPP) Director Jon Bortz acquired 25,000 shares of the firm’s stock in a transaction dated Monday, November 9th. The shares were bought at an average cost of $9.24 per share, with a total value of $231,000.00. Following the completion of the acquisition, the director directly owned 60,394 shares of the company’s stock, valued at $558,040.56. The trade was a 70.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Hudson Pacific Properties Stock Performance

Hudson Pacific Properties stock traded up $0.05 during midday trading on Friday, reaching $8.85. 574,167 shares of the company traded hands, compared to its average volume of 992,624. Hudson Pacific Properties, Inc. has a 12 month low of $5.26 and a 12 month high of $17.20. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.33 and a quick ratio of 1.11. The business has a 50 day moving average of $10.95 and a two-hundred day moving average of $10.89. The firm has a market capitalization of $480.50 million, a price-to-earnings ratio of -0.87, a price-to-earnings-growth ratio of 0.55 and a beta of 2.02.

Hudson Pacific Properties (NYSE:HPP) last posted its earnings results 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 business had revenue of $180.89 million during the quarter, compared to the consensus estimate of $181.62 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.150-1.210 EPS. As a group, research analysts predict that Hudson Pacific Properties, Inc. will post 1.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HPP. BlackRock Inc. bought a new stake in shares of Hudson Pacific Properties during the 2nd quarter valued at $102,830,000. Valueworks LLC purchased a new stake in shares of Hudson Pacific Properties in the 2nd quarter worth $25,667,000. Wellington Management Group LLP purchased a new stake in shares of Hudson Pacific Properties in the 2nd quarter worth $23,325,000. Bank of America Corp DE purchased a new stake in shares of Hudson Pacific Properties in the 2nd quarter worth $5,138,000. Finally, Saba Capital Management L.P. raised its holdings in Hudson Pacific Properties by 49.8% in the 1st quarter. Saba Capital Management L.P. now owns 831,868 shares of the real estate investment trust’s stock worth $4,916,000 after purchasing an additional 276,459 shares during the period. 97.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on HPP. Cantor Fitzgerald lifted 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. Weiss Ratings reissued a “sell (d)” rating on shares of Hudson Pacific Properties in a report on Wednesday, August 26th. Wall Street Zen cut Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research report on Sunday, September 20th. Wells Fargo & Company reissued an “overweight” rating and issued a $17.00 target price (up from $14.00) on shares of Hudson Pacific Properties in a research report on Tuesday, September 1st. Finally, Mizuho boosted their price target on Hudson Pacific Properties from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $15.27.

Recent Hudson Pacific Properties Headlines

Here are a few of the latest headlines about HPP:

• Positive Sentiment: CEO Victor Coleman bought 20,000 shares for $182,000, and President Mark Lammas bought 5,000 shares for $43,650. Director Jon Bortz made three purchases totaling 75,000 shares for about $680,000. Together, the disclosed purchases amounted to roughly 100,000 shares and $906,000 across several days. Insider buying may support investor sentiment, though it does not guarantee improved business performance. Coleman filing Lammas filing Bortz filing

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.