Algert Global LLC Has $385,000 Stock Holdings in Hudson Pacific Properties, Inc. $HPP

Key Points

• Algert Global cut its Hudson Pacific Properties stake by 93.9% in the second quarter, selling 387,955 shares and retaining 25,327 shares valued at approximately $385,000. Institutional investors and hedge funds collectively own 97.58% of HPP.
• HPP shares opened at $13.13, near the middle of their 52-week range, while the company reported a quarterly loss of $1.62 per share—well below the $0.72 loss analysts expected—despite revenue exceeding estimates.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $15.57 target price. Separately, Director Jon E. Bortz purchased 25,000 shares for $335,000, increasing his holdings by 240.52%.

Algert Global LLC trimmed its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 93.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 25,327 shares of the real estate investment trust's stock after selling 387,955 shares during the period. Algert Global LLC's holdings in Hudson Pacific Properties were worth $385,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Militia Capital Management LLC bought a new position in shares of Hudson Pacific Properties during the 1st quarter worth approximately $1,904,000. Whitebox Advisors LLC grew its position in Hudson Pacific Properties by 1,618.4% in the first quarter. Whitebox Advisors LLC now owns 189,080 shares of the real estate investment trust's stock valued at $1,117,000 after acquiring an additional 178,077 shares during the period. Dimensional Fund Advisors LP grew its position in Hudson Pacific Properties by 14.6% in the first quarter. Dimensional Fund Advisors LP now owns 705,984 shares of the real estate investment trust's stock valued at $4,172,000 after acquiring an additional 89,787 shares during the period. Saba Capital Management L.P. grew its position in Hudson Pacific Properties by 49.8% in the first quarter. Saba Capital Management L.P. now owns 831,868 shares of the real estate investment trust's stock valued at $4,916,000 after acquiring an additional 276,459 shares during the period. Finally, Quantinno Capital Management LP raised its stake in Hudson Pacific Properties by 347.8% during the first quarter. Quantinno Capital Management LP now owns 184,034 shares of the real estate investment trust's stock worth $1,088,000 after acquiring an additional 142,941 shares in the last quarter. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Hudson Pacific Properties Trading Down 0.1%

Shares of NYSE HPP opened at $13.13 on Monday. Hudson Pacific Properties, Inc. has a fifty-two week low of $5.26 and a fifty-two week high of $21.70. The firm has a market capitalization of $712.57 million, a P/E ratio of -1.48, a P/E/G ratio of 1.00 and a beta of 1.90. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.11 and a quick ratio of 1.11. The company's 50 day simple moving average is $14.75 and its 200 day simple moving average is $10.98.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) EPS for the quarter, missing analysts' consensus estimates of ($0.72) by ($0.90). Hudson Pacific Properties had a negative return on equity of 20.76% and a negative net margin of 70.04%.The business had revenue of $188.30 million for the quarter, compared to analyst estimates of $181.80 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. On average, analysts predict that Hudson Pacific Properties, Inc. will post 1.12 EPS for the current year.

Analyst Upgrades and Downgrades

HPP has been the subject of a number of recent analyst reports. Citigroup reiterated a "neutral" rating and set a $15.00 target price (up from $13.00) on shares of Hudson Pacific Properties in a research report on Thursday, August 13th. Bank of America restated an "underperform" rating and issued a $14.00 price target on shares of Hudson Pacific Properties in a research report on Tuesday, June 16th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Hudson Pacific Properties in a research note on Wednesday. BTIG Research restated a "buy" rating and set a $26.00 target price on shares of Hudson Pacific Properties in a report on Wednesday, May 6th. Finally, Wells Fargo & Company raised their target price on Hudson Pacific Properties from $13.50 to $14.00 and gave the company an "overweight" rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Hudson Pacific Properties presently has a consensus rating of "Hold" and a consensus target price of $15.57.

Insider Transactions at Hudson Pacific Properties

In other news, Director Jon E. Bortz acquired 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $13.40 per share, for a total transaction of $335,000.00. Following the completion of the acquisition, the director owned 35,394 shares in the company, valued at $474,279.60. This trade represents a 240.52% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.47% of the company's stock.

Hudson Pacific Properties Profile

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.

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