Russell Investments Group Ltd. Acquires 239,758 Shares of Hudson Pacific Properties, Inc. $HPP

Key Points

• Russell Investments Group Ltd. significantly increased its stake in Hudson Pacific Properties, Inc. by 1,150.4%, owning 260,599 shares valued at approximately $769,000 as of its latest SEC filing.
• Other hedge funds, including Wells Fargo and Barclays PLC, have also raised their positions in Hudson Pacific Properties, indicating heightened institutional interest in the stock.
• Analysts currently have a consensus rating of "Hold" for Hudson Pacific Properties, with a target price averaging around $3.11, reflecting mixed outlooks on the stock's future performance.

Russell Investments Group Ltd. grew its position in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 1,150.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 260,599 shares of the real estate investment trust's stock after purchasing an additional 239,758 shares during the period. Russell Investments Group Ltd. owned about 0.18% of Hudson Pacific Properties worth $769,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE grew its position 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 valued at $29,000 after buying an additional 8,925 shares during the period. Boothbay Fund Management LLC bought a new position in Hudson Pacific Properties during the fourth quarter valued at about $40,000. Two Sigma Securities LLC bought a new position in Hudson Pacific Properties during the fourth quarter valued at about $44,000. Ballentine Partners LLC bought a new position in Hudson Pacific Properties during the first quarter valued at about $44,000. Finally, Insigneo Advisory Services LLC bought a new position in Hudson Pacific Properties during the first quarter valued at about $44,000. Hedge funds and other institutional investors own 97.58% of the company's stock.

Insider Buying and Selling at Hudson Pacific Properties

In related news, President Mark T. Lammas bought 22,421 shares of the company's stock in a transaction on Thursday, June 12th. The stock was acquired at an average cost of $2.23 per share, for a total transaction of $49,998.83. Following the completion of the transaction, the president directly owned 141,578 shares in the company, valued at $315,718.94. This trade represents a 18.82% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Victor J. Coleman bought 224,215 shares of the company's stock in a transaction on Thursday, June 12th. The shares were bought at an average price of $2.23 per share, with a total value of $499,999.45. Following the completion of the transaction, the chief executive officer owned 711,666 shares of the company's stock, valued at $1,587,015.18. The trade was a 46.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 1,139,007 shares of company stock valued at $2,539,986 over the last quarter. Company insiders own 4.92% of the company's stock.

Wall Street Analyst Weigh In

HPP has been the subject of several research reports. Piper Sandler set a $2.00 price target on shares of Hudson Pacific Properties and gave the company a "neutral" rating in a research report on Friday, May 23rd. BMO Capital Markets reduced their price target on shares of 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 reduced their price target on shares of 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. Odeon Capital Group assumed coverage on shares of Hudson Pacific Properties in a research report on Monday, June 16th. They set a "buy" rating and a $5.00 target price for the company. Finally, BTIG Research cut their target price on shares of 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. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $3.11.

Hudson Pacific Properties Price Performance

Shares of Hudson Pacific Properties stock traded up $0.04 on Thursday, reaching $2.85. The stock had a trading volume of 5,937,573 shares, compared to its average volume of 6,375,139. Hudson Pacific Properties, Inc. has a 1 year low of $1.78 and a 1 year high of $5.56. The company has a market cap of $1.08 billion, a P/E ratio of -1.01 and a beta of 1.63. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.17. The business's 50 day moving average is $2.65 and its two-hundred day moving average is $2.57.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $190.00 million for the quarter, compared to the consensus estimate of $196.27 million. Hudson Pacific Properties had a negative net margin of 53.76% and a negative return on equity of 15.10%. Hudson Pacific Properties has set its Q3 2025 guidance at 0.010-0.05 EPS. As a group, research analysts anticipate that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current year.

About Hudson Pacific Properties

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.