Hudson Pacific Properties, Inc. $HPP Shares Sold by Davis Selected Advisers

Key Points

• Davis Selected Advisers cut its stake in Hudson Pacific Properties by 85.9% in Q4, selling 1,976,157 shares and leaving 324,026 shares (about 0.60% ownership) valued at roughly $3.51 million.
• HPP reported Q4 EPS of $0.21 (beating estimates by $0.01) and revenue of $256.0 million versus consensus $168.0 million, but still posted a negative net margin (~69.1%) and negative ROE; management set FY2026 EPS guidance of 0.96–1.06 while analysts expect about 1.00 EPS.
• Institutional investors hold about 97.58% of the stock, with notable moves including JPMorgan raising its stake 38.1% to 4.32 million shares and Hudson Bay owning roughly 6.99 million shares.

Davis Selected Advisers decreased its holdings in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 85.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 324,026 shares of the real estate investment trust's stock after selling 1,976,157 shares during the period. Davis Selected Advisers owned approximately 0.60% of Hudson Pacific Properties worth $3,509,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Inscription Capital LLC acquired a new stake in Hudson Pacific Properties in the 4th quarter valued at about $273,000. Pensionfund Sabic acquired a new stake in Hudson Pacific Properties in the 4th quarter valued at about $59,000. Pensionfund PDN acquired a new stake in Hudson Pacific Properties in the 4th quarter valued at about $131,000. JPMorgan Chase & Co. raised its holdings in Hudson Pacific Properties by 38.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,320,823 shares of the real estate investment trust's stock valued at $11,925,000 after acquiring an additional 1,192,974 shares during the last quarter. Finally, Hudson Bay Capital Management LP raised its holdings in Hudson Pacific Properties by 1.0% in the 3rd quarter. Hudson Bay Capital Management LP now owns 6,987,635 shares of the real estate investment trust's stock valued at $19,286,000 after acquiring an additional 68,089 shares during the last quarter. Institutional investors and hedge funds own 97.58% of the company's stock.

Hudson Pacific Properties Stock Up 1.3%

Shares of NYSE HPP opened at $9.33 on Friday. The company has a 50 day simple moving average of $6.79 and a 200-day simple moving average of $10.29. The company has a market capitalization of $506.11 million, a P/E ratio of -0.72, a P/E/G ratio of 0.96 and a beta of 1.86. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.78 and a quick ratio of 1.78. Hudson Pacific Properties, Inc. has a 1 year low of $5.26 and a 1 year high of $21.70.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. Hudson Pacific Properties had a negative net margin of 69.12% and a negative return on equity of 19.89%. The business had revenue of $256.03 million during the quarter, compared to the consensus estimate of $168.02 million. Hudson Pacific Properties has set its FY 2026 guidance at 0.960-1.060 EPS. On average, equities research analysts predict that Hudson Pacific Properties, Inc. will post 1 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on the stock. BMO Capital Markets reiterated a "market perform" rating on shares of Hudson Pacific Properties in a report on Thursday, February 26th. Cantor Fitzgerald cut their price objective on shares of Hudson Pacific Properties from $13.00 to $10.00 and set an "overweight" rating for the company in a report on Monday, March 2nd. Piper Sandler cut their price objective on shares of Hudson Pacific Properties from $8.00 to $6.50 and set a "neutral" rating for the company in a report on Wednesday, April 1st. Zacks Research upgraded shares of Hudson Pacific Properties from a "hold" rating to a "strong-buy" rating in a report on Friday, April 3rd. Finally, BTIG Research set a $26.00 price target on shares of Hudson Pacific Properties and gave the stock a "buy" rating in a report on Friday, January 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Hudson Pacific Properties has a consensus rating of "Hold" and an average target price of $14.11.

Hudson Pacific Properties Company 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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