Nuveen LLC Takes $10.33 Million Position in Hudson Pacific Properties, Inc. $HPP

Key Points

• Nuveen LLC has made a new investment in Hudson Pacific Properties, acquiring 3,502,629 shares worth approximately $10.33 million, which represents a 2.48% ownership in the company.
• Insider activity has increased, with notable purchases from Directors Ted R. Antenucci and Barry A. Sholem, leading to significant increases in their respective ownership stakes by 54.27% and 127.01%.
• The analysts have mixed opinions on Hudson Pacific Properties, with a consensus rating of "Hold" and price targets ranging from $2.00 to $5.00.

Nuveen LLC bought a new stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,502,629 shares of the real estate investment trust's stock, valued at approximately $10,333,000. Nuveen LLC owned about 2.48% of Hudson Pacific Properties as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GeoWealth Management LLC purchased a new position in shares of Hudson Pacific Properties during the fourth quarter valued at approximately $27,000. US Bancorp DE lifted its holdings in Hudson Pacific Properties by 1,053.7% during 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 during the period. Boothbay Fund Management LLC bought a new stake in Hudson Pacific Properties during the fourth quarter worth $40,000. Two Sigma Securities LLC bought a new stake in Hudson Pacific Properties during the fourth quarter worth $44,000. Finally, Ballentine Partners LLC bought a new stake in Hudson Pacific Properties during the first quarter worth $44,000. Hedge funds and other institutional investors own 97.58% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wells Fargo & Company dropped their price target on Hudson Pacific Properties from $3.40 to $3.10 and set an "overweight" rating on the stock in a report on Wednesday. Odeon Capital Group assumed coverage on Hudson Pacific Properties in a report on Monday, June 16th. They set a "buy" rating and a $5.00 price target on the stock. BMO Capital Markets dropped their price target on Hudson Pacific Properties from $4.00 to $3.50 and set an "outperform" rating on the stock in a report on Friday, June 13th. Wedbush reiterated a "neutral" rating on shares of Hudson Pacific Properties in a report on Monday, May 5th. Finally, BTIG Research dropped their price target on Hudson Pacific Properties from $8.00 to $4.75 and set a "buy" rating on the stock in a report on Wednesday, June 25th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $3.11.

Insider Transactions at Hudson Pacific Properties

In related news, EVP Arthur X. Suazo purchased 22,421 shares of Hudson Pacific Properties stock in a transaction dated Thursday, June 12th. The stock was bought at an average cost of $2.23 per share, for a total transaction of $49,998.83. Following the completion of the transaction, the executive vice president owned 115,123 shares in the company, valued at $256,724.29. This trade represents a 24.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ted R. Antenucci purchased 89,686 shares of Hudson Pacific Properties stock in a transaction dated Thursday, June 12th. The stock was bought at an average price of $2.23 per share, with a total value of $199,999.78. Following the completion of the transaction, the director owned 254,934 shares of the company's stock, valued at $568,502.82. This represents a 54.27% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 1,139,007 shares of company stock valued at $2,539,986. 4.92% of the stock is currently owned by insiders.

Hudson Pacific Properties Stock Performance

Shares of HPP traded down $0.06 during mid-day trading on Thursday, hitting $2.81. The stock had a trading volume of 7,014,675 shares, compared to its average volume of 6,699,339. The firm has a market cap of $1.06 billion, a P/E ratio of -1.00 and a beta of 1.59. The business has a fifty day moving average price of $2.64 and a 200-day moving average price of $2.57. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.18 and a quick ratio of 2.18. Hudson Pacific Properties, Inc. has a 52 week low of $1.78 and a 52 week high of $5.56.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last issued its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The firm had revenue of $190.00 million for the quarter, compared to analyst estimates 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. On average, equities research analysts expect that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current year.

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.