Charles Schwab Investment Management Inc. Increases Stock Position in Hudson Pacific Properties, Inc. $HPP

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 holdings in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 10.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. GeoWealth Management LLC purchased a new position in Hudson Pacific Properties during the fourth quarter worth approximately $27,000. US Bancorp DE increased its position in shares of Hudson Pacific Properties by 1,053.7% in the first 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 stake in Hudson Pacific Properties during the 4th quarter valued at $40,000. Two Sigma Securities LLC acquired a new stake in Hudson Pacific Properties during the 4th quarter valued at $44,000. Finally, Insigneo Advisory Services LLC acquired a new stake in Hudson Pacific Properties during the 1st quarter valued at $44,000. Hedge funds and other institutional investors own 97.58% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HPP shares. Piper Sandler set a $2.00 price objective on shares of Hudson Pacific Properties and gave the stock a "neutral" rating in a report on Friday, May 23rd. Wells Fargo & Company reduced their price target on shares of Hudson Pacific Properties from $4.00 to $3.40 and set an "overweight" rating on the stock in a research report on Monday, May 19th. BMO Capital Markets cut their price objective on shares of Hudson Pacific Properties from $4.00 to $3.50 and set an "outperform" rating on the stock in a research report on Friday, June 13th. Odeon Capital Group initiated coverage on shares of Hudson Pacific Properties in a research note on Monday, June 16th. They set a "buy" rating and a $5.00 target price on the stock. Finally, BTIG Research lowered their target price on shares of Hudson Pacific Properties from $8.00 to $4.75 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $3.14.

Insiders Place Their Bets

In other news, EVP Arthur X. Suazo acquired 22,421 shares of Hudson Pacific Properties stock in a transaction dated Thursday, June 12th. The stock was acquired at an average cost of $2.23 per share, for a total transaction of $49,998.83. Following the completion of the purchase, the executive vice president owned 115,123 shares of the company's stock, valued at $256,724.29. This represents a 24.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Barry A. Sholem acquired 224,215 shares of Hudson Pacific Properties 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 $499,999.45. Following the completion of the purchase, the director directly owned 400,743 shares of the company's stock, valued at $893,656.89. The trade was a 127.01% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 1,139,007 shares of company stock valued at $2,539,986 in the last three months. Company insiders own 4.92% of the company's stock.

Hudson Pacific Properties Stock Performance

HPP stock opened at $2.6750 on Friday. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -0.95 and a beta of 1.59. Hudson Pacific Properties, Inc. has a 12 month low of $1.78 and a 12 month high of $5.69. The firm has a 50 day moving average of $2.64 and a two-hundred day moving average of $2.58.

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 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. The company had revenue of $190.00 million during the quarter, compared to the consensus estimate 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. As a group, equities analysts anticipate that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

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.

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