Goldman Sachs Group Inc. Sells 1,577,266 Shares of Hudson Pacific Properties, Inc. $HPP

Key Points

• Goldman Sachs Group Inc. reduced its stake in Hudson Pacific Properties by 38.6% in Q1, now holding approximately 1.77% of the company, valued at $7.40 million.
• Despite the reduction by Goldman Sachs, several other institutional investors, including US Bancorp DE and CWM LLC, significantly increased their holdings in Hudson Pacific Properties during the same period.
• Hudson Pacific Properties reported a $0.04 EPS for the latest quarter, exceeding expectations, and has a current average price target of $3.11 among analysts.

Goldman Sachs Group Inc. lowered its position in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 38.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,509,543 shares of the real estate investment trust's stock after selling 1,577,266 shares during the quarter. Goldman Sachs Group Inc. owned about 1.77% of Hudson Pacific Properties worth $7,403,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HPP. US Bancorp DE boosted its stake in Hudson Pacific Properties by 1,053.7% in the 1st quarter. US Bancorp DE now owns 9,772 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 8,925 shares during the period. Insigneo Advisory Services LLC bought a new position in Hudson Pacific Properties in the 1st quarter worth about $44,000. Ballentine Partners LLC bought a new stake in shares of Hudson Pacific Properties during the 1st quarter valued at about $44,000. CWM LLC boosted its position in shares of Hudson Pacific Properties by 3,660.4% during the 1st quarter. CWM LLC now owns 15,944 shares of the real estate investment trust's stock valued at $47,000 after acquiring an additional 15,520 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new stake in shares of Hudson Pacific Properties during the 1st quarter valued at about $49,000. Hedge funds and other institutional investors own 97.58% of the company's stock.

Hudson Pacific Properties Trading Down 2.6%

Shares of HPP traded down $0.08 during mid-day trading on Friday, hitting $2.79. 1,802,792 shares of the company's stock traded hands, compared to its average volume of 5,150,225. The business's 50-day moving average price is $2.69 and its 200-day moving average price is $2.55. 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 firm has a market capitalization of $1.06 billion, a P/E ratio of -0.99 and a beta of 1.63. Hudson Pacific Properties, Inc. has a 1 year low of $1.78 and a 1 year high of $5.28.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. The business had revenue of $190.00 million during 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, sell-side analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on HPP shares. BTIG Research dropped their price target on 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. Odeon Capital Group initiated coverage on Hudson Pacific Properties in a research report on Monday, June 16th. They issued a "buy" rating and a $5.00 target price for the company. BMO Capital Markets dropped their target price on Hudson Pacific Properties from $4.00 to $3.50 and set an "outperform" rating for the company in a research report on Friday, June 13th. Wells Fargo & Company dropped their target price 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. Finally, Piper Sandler set a $2.00 target price on Hudson Pacific Properties and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $3.20.

Hudson Pacific Properties 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.