Conversant Capital LLC Takes Position in Hudson Pacific Properties, Inc. $HPP

Key Points

• Conversant Capital LLC has invested approximately $8.02 million in Hudson Pacific Properties by acquiring 2.7 million shares, making it the fund's 14th largest position.
• Institutional investors and hedge funds collectively own 97.58% of Hudson Pacific Properties, indicating significant interest and confidence in the company.
• Analysts have varied price targets for Hudson Pacific Properties, with recent adjustments lowering the target from $8.00 to $4.75, while maintaining a mix of ratings including "buy," "hold," and "sell."

Conversant Capital LLC purchased a new position in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,718,420 shares of the real estate investment trust's stock, valued at approximately $8,019,000. Hudson Pacific Properties makes up approximately 1.3% of Conversant Capital LLC's portfolio, making the stock its 14th largest holding. Conversant Capital LLC owned 1.92% of Hudson Pacific Properties at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Ieq Capital LLC raised its position in shares of Hudson Pacific Properties by 73.0% in the 1st quarter. Ieq Capital LLC now owns 33,782 shares of the real estate investment trust's stock worth $100,000 after acquiring an additional 14,257 shares in the last quarter. Worth Venture Partners LLC bought a new position in shares of Hudson Pacific Properties in the 1st quarter worth $202,000. MetLife Investment Management LLC raised its position in shares of Hudson Pacific Properties by 60.4% in the 1st quarter. MetLife Investment Management LLC now owns 83,673 shares of the real estate investment trust's stock worth $247,000 after acquiring an additional 31,493 shares in the last quarter. Algert Global LLC raised its position in shares of Hudson Pacific Properties by 14.5% in the 1st quarter. Algert Global LLC now owns 1,363,747 shares of the real estate investment trust's stock worth $4,023,000 after acquiring an additional 172,888 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Hudson Pacific Properties by 1,150.4% in the 1st quarter. Russell Investments Group Ltd. now owns 260,599 shares of the real estate investment trust's stock worth $769,000 after acquiring an additional 239,758 shares in the last quarter. 97.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on HPP. Wells Fargo & Company reduced their price target on Hudson Pacific Properties from $3.40 to $3.10 and set an "overweight" rating for the company in a research report on Wednesday, August 27th. Piper Sandler set a $2.00 target price on Hudson Pacific Properties and gave the stock a "neutral" rating in a research note on Friday, May 23rd. BMO Capital Markets dropped their target price on Hudson Pacific Properties from $4.00 to $3.50 and set an "outperform" rating on the stock in a research note on Friday, June 13th. BTIG Research dropped their target price on 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. Finally, Odeon Capital Group started coverage on 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. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $3.11.

Hudson Pacific Properties Stock Performance

Hudson Pacific Properties stock traded up $0.01 during trading hours on Wednesday, hitting $2.82. 2,190,744 shares of the stock traded hands, compared to its average volume of 5,131,953. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.18 and a quick ratio of 2.18. The firm's 50 day moving average price is $2.64 and its 200-day moving average price is $2.56. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -1.00 and a beta of 1.63. Hudson Pacific Properties, Inc. has a 1 year low of $1.78 and a 1 year high of $5.56.

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

Insider Buying and Selling at Hudson Pacific Properties

In related news, EVP Arthur X. Suazo acquired 22,421 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was acquired at an average price 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 in the company, valued at $256,724.29. This represents a 24.19% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Barry A. Sholem acquired 224,215 shares of the firm'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 $499,999.45. Following the acquisition, the director owned 400,743 shares in the company, valued at approximately $893,656.89. This trade represents a 127.01% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 1,139,007 shares of company stock worth $2,539,986. 3.92% of the stock is owned by corporate insiders.

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.