Hudson Pacific Properties, Inc. $HPP Shares Acquired by Algert Global LLC

Key Points

• Algert Global LLC increased its stake in Hudson Pacific Properties by 14.5%, acquiring an additional 172,888 shares, bringing its total ownership to approximately 1.36 million shares valued at $4.02 million.
• Institutional investors control 97.58% of Hudson Pacific Properties, with Millennium Management LLC raising its holdings by 303.5% last quarter.
• Recent analyst reports have seen significant target price reductions for HPP, with BMO Capital Markets lowering its target from $4.00 to $3.50, amidst a mix of "Buy," "Hold," and "Sell" ratings from various analysts.

Algert Global LLC boosted its holdings in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 14.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,363,747 shares of the real estate investment trust's stock after purchasing an additional 172,888 shares during the period. Algert Global LLC owned about 0.96% of Hudson Pacific Properties worth $4,023,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GeoWealth Management LLC purchased a new position in Hudson Pacific Properties in the fourth quarter valued at about $27,000. US Bancorp DE grew its position in shares of Hudson Pacific Properties by 1,053.7% in the 1st quarter. US Bancorp DE now owns 9,772 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 8,925 shares in the last quarter. Boothbay Fund Management LLC acquired a new position in shares of Hudson Pacific Properties in the 4th quarter worth approximately $40,000. Two Sigma Securities LLC acquired a new position in shares of Hudson Pacific Properties in the 4th quarter worth approximately $44,000. Finally, Insigneo Advisory Services LLC acquired a new position in shares of Hudson Pacific Properties in the 1st quarter worth approximately $44,000. Hedge funds and other institutional investors own 97.58% of the company's stock.

Hudson Pacific Properties Price Performance

Shares of HPP stock traded down $0.0250 during mid-day trading on Monday, hitting $2.6650. 1,749,147 shares of the stock traded hands, compared to its average volume of 4,997,600. Hudson Pacific Properties, Inc. has a twelve month low of $1.78 and a twelve month high of $5.69. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -0.94 and a beta of 1.59. The company's 50-day simple moving average is $2.64 and its 200-day simple moving average is $2.57. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.18 and a current ratio of 2.18.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. Hudson Pacific Properties had a negative return on equity of 15.10% and a negative net margin of 53.76%.The company had revenue of $190.00 million for the quarter, compared to analysts' expectations of $196.27 million. Hudson Pacific Properties has set its Q3 2025 guidance at 0.010-0.05 EPS. As a group, equities research analysts expect that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HPP shares. BMO Capital Markets decreased their target price on Hudson Pacific Properties from $4.00 to $3.50 and set an "outperform" rating for the company in a research report on Friday, June 13th. BTIG Research decreased their target price on Hudson Pacific Properties from $8.00 to $4.75 and set a "buy" rating for the company in a research report on Wednesday, June 25th. Piper Sandler set a $2.00 target price on Hudson Pacific Properties and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Odeon Capital Group initiated coverage on Hudson Pacific Properties in a report on Monday, June 16th. They issued a "buy" rating and a $5.00 price target on the stock. Finally, Wedbush reissued a "neutral" rating on shares of Hudson Pacific Properties in a report on Monday, May 5th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $3.14.

Insider Activity at Hudson Pacific Properties

In other news, Director Ted R. Antenucci purchased 89,686 shares of the stock in a transaction dated Thursday, June 12th. The shares were bought at an average cost of $2.23 per share, for a total transaction of $199,999.78. Following the transaction, the director owned 254,934 shares in the company, valued at $568,502.82. This trade represents a 54.27% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jonathan M. Glaser bought 448,430 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was bought at an average price of $2.23 per share, for a total transaction of $999,998.90. Following the completion of the acquisition, the director directly owned 668,699 shares in the company, valued at approximately $1,491,198.77. The trade was a 203.58% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 1,139,007 shares of company stock worth $2,539,986 in the last quarter. Company insiders own 3.92% of the company's stock.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties NYSE: HPP is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.