Algert Global LLC Has $4.02 Million Stake in Hudson Pacific Properties, Inc. $HPP

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Resona Asset Management Co. Ltd. increased its position in shares of Hudson Pacific Properties by 8.8% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 62,503 shares of the real estate investment trust's stock worth $186,000 after purchasing an additional 5,051 shares in the last quarter. Winslow Asset Management Inc. increased its position in shares of Hudson Pacific Properties by 15.8% during the 1st quarter. Winslow Asset Management Inc. now owns 49,030 shares of the real estate investment trust's stock worth $145,000 after purchasing an additional 6,685 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Hudson Pacific Properties by 71.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 18,674 shares of the real estate investment trust's stock worth $57,000 after purchasing an additional 7,807 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Hudson Pacific Properties by 25.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 41,563 shares of the real estate investment trust's stock worth $122,000 after purchasing an additional 8,430 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Hudson Pacific Properties by 15.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 65,672 shares of the real estate investment trust's stock worth $199,000 after purchasing an additional 8,775 shares in the last quarter. 97.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HPP. BTIG Research dropped their target price on shares of 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 shares of Hudson Pacific Properties and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Odeon Capital Group began coverage on shares of Hudson Pacific Properties in a research report on Monday, June 16th. They set a "buy" rating and a $5.00 target price for the company. Wedbush reiterated a "neutral" rating on shares of Hudson Pacific Properties in a research report on Monday, May 5th. Finally, BMO Capital Markets dropped their target price on shares of 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. Four equities 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $3.14.

Hudson Pacific Properties Stock Down 0.9%

Shares of NYSE HPP traded down $0.0250 during midday trading on Monday, reaching $2.6650. The company's stock had a trading volume of 5,903,342 shares, compared to its average volume of 5,732,651. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.17. Hudson Pacific Properties, Inc. has a fifty-two week low of $1.78 and a fifty-two week high of $5.69. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -0.95 and a beta of 1.59. The stock has a 50 day simple moving average of $2.64 and a 200-day simple moving average of $2.57.

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

Insider Buying and Selling

In related news, President Mark T. Lammas bought 22,421 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was purchased at an average price of $2.23 per share, with a total value of $49,998.83. Following the completion of the acquisition, the president owned 141,578 shares of the company's stock, valued at $315,718.94. The trade was a 18.82% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Arthur X. Suazo bought 22,421 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was bought at an average cost of $2.23 per share, with a total value of $49,998.83. Following the acquisition, the executive vice president directly owned 115,123 shares of the company's stock, valued at approximately $256,724.29. The trade was a 24.19% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,139,007 shares of company stock valued at $2,539,986 in the last 90 days. 3.92% of the stock is currently owned by corporate insiders.

About Hudson Pacific Properties

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.