Hsbc Holdings PLC Takes Position in Hudson Pacific Properties, Inc. $HPP

Key Points

• HSBC Holdings PLC acquired 103,664 shares of Hudson Pacific Properties in the second quarter, valued at approximately $1.6 million and representing about 0.19% of the REIT. Institutional investors collectively own 97.58% of HPP.
• Hudson Pacific reported a quarterly loss of $1.62 per share, significantly below the $0.72 loss analysts expected, though revenue of $188.3 million exceeded forecasts. The company posted negative net margins and return on equity.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $15.57 price target; targets range from $9 to $18. Director Jon E. Bortz also purchased 25,000 shares for $335,000, increasing his position by more than 240%.

Hsbc Holdings PLC bought a new position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 103,664 shares of the real estate investment trust's stock, valued at approximately $1,602,000. Hsbc Holdings PLC owned approximately 0.19% of Hudson Pacific Properties at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HPP. Allied Private Wealth LLC bought a new stake in Hudson Pacific Properties during the 2nd quarter worth approximately $33,000. Allworth Financial LP bought a new position in shares of Hudson Pacific Properties in the second quarter valued at approximately $67,000. Legal & General Group Plc purchased a new position in shares of Hudson Pacific Properties during the second quarter valued at approximately $80,000. Evergreen Capital Management LLC bought a new stake in Hudson Pacific Properties during the second quarter worth $28,000. Finally, Orion Porfolio Solutions LLC bought a new stake in Hudson Pacific Properties during the third quarter worth $28,000. Institutional investors own 97.58% of the company's stock.

Hudson Pacific Properties Trading Down 0.1%

Shares of Hudson Pacific Properties stock opened at $13.13 on Monday. The firm has a market cap of $712.57 million, a PE ratio of -1.48, a P/E/G ratio of 1.00 and a beta of 1.90. Hudson Pacific Properties, Inc. has a 1 year low of $5.26 and a 1 year high of $21.70. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a fifty day moving average price of $14.75 and a 200-day moving average price of $10.98.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share for the quarter, missing analysts' consensus estimates of ($0.72) by ($0.90). Hudson Pacific Properties had a negative return on equity of 20.76% and a negative net margin of 70.04%.The company had revenue of $188.30 million during the quarter, compared to analysts' expectations of $181.80 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. Equities research analysts anticipate that Hudson Pacific Properties, Inc. will post 1.12 EPS for the current year.

Insider Buying and Selling at Hudson Pacific Properties

In related news, Director Jon E. Bortz purchased 25,000 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $13.40 per share, for a total transaction of $335,000.00. Following the purchase, the director directly owned 35,394 shares in the company, valued at approximately $474,279.60. This trade represents a 240.52% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HPP. Citigroup restated a "neutral" rating and set a $15.00 price objective (up from $13.00) on shares of Hudson Pacific Properties in a research note on Thursday, August 13th. Piper Sandler upgraded shares of Hudson Pacific Properties from a "neutral" rating to an "overweight" rating and increased their target price for the company from $16.00 to $18.00 in a report on Thursday, August 6th. Morgan Stanley set a $9.00 price target on shares of Hudson Pacific Properties and gave the stock an "underweight" rating in a report on Wednesday, July 22nd. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Hudson Pacific Properties in a research report on Wednesday. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $16.00 price objective on shares of Hudson Pacific Properties in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $15.57.

Hudson Pacific Properties Profile

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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