Hudson Pacific Properties, Inc. $HPP Shares Bought by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Hudson Pacific Properties, Inc. by 10.1%, owning over 6.24 million shares worth approximately $18.4 million after purchasing an additional 573,233 shares.
• Several analysts have adjusted their price targets for Hudson Pacific Properties, with Piper Sandler setting a target of $2.00 and Wells Fargo reducing it to $3.40, while a total of four analysts rated it as a Buy.
• Insider transactions included the EVP acquiring 22,421 shares and the Director buying 224,215 shares, representing notable increases in their ownership positions.

Charles Schwab Investment Management Inc. raised its stake in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 10.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 6,241,593 shares of the real estate investment trust's stock after purchasing an additional 573,233 shares during the period. Charles Schwab Investment Management Inc. owned 4.41% of Hudson Pacific Properties worth $18,413,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Winslow Asset Management Inc. increased its position in shares of Hudson Pacific Properties by 15.8% in 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 during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Hudson Pacific Properties by 71.8% in 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 during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Hudson Pacific Properties by 25.4% in 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 during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Hudson Pacific Properties by 15.4% in 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 during the last quarter. Finally, GeoWealth Management LLC bought a new stake in shares of Hudson Pacific Properties in the 4th quarter worth about $27,000. Institutional investors own 97.58% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HPP. Piper Sandler set a $2.00 price objective on shares of Hudson Pacific Properties and gave the company a "neutral" rating in a research report on Friday, May 23rd. Wedbush reaffirmed a "neutral" rating on shares of Hudson Pacific Properties in a research report on Monday, May 5th. Wells Fargo & Company lowered their price objective on shares of Hudson Pacific Properties from $3.40 to $3.10 and set an "overweight" rating for the company in a research report on Wednesday. BTIG Research lowered their price objective 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. Finally, 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 price objective for the company. 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 company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $3.11.

Insider Activity

In related news, Director Robert L. Harris II purchased 44,843 shares of Hudson Pacific Properties 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 $99,999.89. Following the purchase, the director owned 174,731 shares in the company, valued at approximately $389,650.13. The trade was a 34.52% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ted R. Antenucci purchased 89,686 shares of Hudson Pacific Properties 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 $199,999.78. Following the completion of the purchase, the director owned 254,934 shares in the company, valued at approximately $568,502.82. This trade represents a 54.27% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 1,139,007 shares of company stock worth $2,539,986 over the last three months. Insiders own 4.92% of the company's stock.

Hudson Pacific Properties Stock Performance

Hudson Pacific Properties stock traded down $0.06 during midday trading on Thursday, reaching $2.81. 7,014,675 shares of the stock traded hands, compared to its average volume of 6,699,339. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.17. The firm has a fifty day moving average price of $2.64 and a two-hundred day moving average price of $2.57. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -1.00 and a beta of 1.59. Hudson Pacific Properties, Inc. has a fifty-two week low of $1.78 and a fifty-two week high of $5.56.

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

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.