Algert Global LLC Raises Stock Position in Hudson Pacific Properties, Inc. $HPP

Key Points

• Algert Global LLC boosted its stake in Hudson Pacific Properties by 193.8% in Q3, purchasing 2,359,961 additional shares to hold 3,577,833 shares (about 0.94% of the company) valued at $9.875 million.
• Hudson Pacific shares opened at $6.49 (up 2.9%) and trade near their 52-week low ($5.55) with a market cap of $351.8M and a negative trailing P/E (-0.50); the REIT posted a slight EPS beat ($0.21 vs. $0.20) but has negative ROE and net margin, and analysts’ consensus is a “Hold” with an average target of $13.74.

Algert Global LLC boosted its position in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 193.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,577,833 shares of the real estate investment trust's stock after purchasing an additional 2,359,961 shares during the quarter. Algert Global LLC owned about 0.94% of Hudson Pacific Properties worth $9,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of HPP. Ethic Inc. purchased a new position in shares of Hudson Pacific Properties during the third quarter worth about $28,000. Evergreen Capital Management LLC bought a new stake in Hudson Pacific Properties during the second quarter valued at approximately $28,000. Orion Porfolio Solutions LLC purchased a new position in Hudson Pacific Properties in the 3rd quarter worth approximately $28,000. Discipline Wealth Solutions LLC bought a new position in shares of Hudson Pacific Properties in the 3rd quarter worth $30,000. Finally, Gerber Kawasaki Wealth & Investment Management bought a new position in shares of Hudson Pacific Properties in the 2nd quarter worth $32,000. 97.58% of the stock is owned by institutional investors.

Hudson Pacific Properties Trading Up 2.9%

NYSE HPP opened at $6.49 on Monday. Hudson Pacific Properties, Inc. has a 1-year low of $5.55 and a 1-year high of $22.89. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.25. The stock has a 50-day moving average of $8.05 and a 200-day moving average of $13.31. The firm has a market cap of $351.75 million, a PE ratio of -0.50, a price-to-earnings-growth ratio of 0.79 and a beta of 1.50.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $256.03 million for the quarter, compared to analyst estimates of $168.02 million. Hudson Pacific Properties had a negative return on equity of 19.89% and a negative net margin of 69.12%.Hudson Pacific Properties has set its FY 2026 guidance at 0.960-1.060 EPS. As a group, sell-side analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current year.

Analyst Ratings Changes

HPP has been the subject of a number of research analyst reports. Jefferies Financial Group set a $8.00 price objective on shares of Hudson Pacific Properties and gave the stock a "hold" rating in a report on Friday, March 6th. BMO Capital Markets restated a "market perform" rating on shares of Hudson Pacific Properties in a research report on Thursday, February 26th. Piper Sandler set a $10.00 price target on Hudson Pacific Properties in a research note on Tuesday, January 27th. Zacks Research upgraded Hudson Pacific Properties from a "strong sell" rating to a "hold" rating in a report on Thursday, March 5th. Finally, The Goldman Sachs Group set a $14.50 price objective on Hudson Pacific Properties and gave the company a "neutral" rating in a research report on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Hudson Pacific Properties currently has an average rating of "Hold" and an average target price of $13.74.

About Hudson Pacific Properties

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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