Valueworks LLC acquired a new stake in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 1,689,699 shares of the real estate investment trust's stock, valued at approximately $25,667,000. Hudson Pacific Properties comprises approximately 5.4% of Valueworks LLC's holdings, making the stock its 3rd largest holding. Valueworks LLC owned about 3.11% of Hudson Pacific Properties as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in HPP. Resona Asset Management Co. Ltd. raised its position in shares of Hudson Pacific Properties by 8.4% during the first quarter. Resona Asset Management Co. Ltd. now owns 24,670 shares of the real estate investment trust's stock worth $147,000 after acquiring an additional 1,918 shares during the last quarter. Allied Private Wealth LLC bought a new position in Hudson Pacific Properties in the second quarter valued at about $33,000. Cetera Investment Advisers boosted its holdings in Hudson Pacific Properties by 18.0% in the first quarter. Cetera Investment Advisers now owns 16,317 shares of the real estate investment trust's stock valued at $96,000 after acquiring an additional 2,485 shares during the last quarter. Sanctuary Advisors LLC increased its position in Hudson Pacific Properties by 29.3% in the first quarter. Sanctuary Advisors LLC now owns 15,075 shares of the real estate investment trust's stock worth $89,000 after purchasing an additional 3,414 shares during the period. Finally, Allworth Financial LP acquired a new stake in Hudson Pacific Properties in the second quarter worth about $67,000. 97.58% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have issued reports on HPP. Piper Sandler upgraded shares of Hudson Pacific Properties from a "neutral" rating to an "overweight" rating and upped their target price for the company from $16.00 to $18.00 in a research report on Thursday, August 6th. BMO Capital Markets reiterated a "market perform" rating and set a $16.00 price target (up from $8.00) on shares of Hudson Pacific Properties in a research report on Monday, June 15th. Wall Street Zen downgraded shares of Hudson Pacific Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Hudson Pacific Properties in a research note on Wednesday. Finally, Bank of America reaffirmed an "underperform" rating and set a $14.00 target price on shares of Hudson Pacific Properties in a report on Tuesday, June 16th. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $15.57.
Read Our Latest Report on HPP
Insider Buying and Selling at Hudson Pacific Properties
In other 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, with a total value of $335,000.00. Following the acquisition, the director directly owned 35,394 shares of the company's stock, valued at approximately $474,279.60. This represents a 240.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.47% of the stock is currently owned by corporate insiders.
Hudson Pacific Properties Stock Performance
Shares of HPP stock opened at $13.63 on Friday. The stock has a market cap of $739.54 million, a PE ratio of -1.54, a price-to-earnings-growth ratio of 1.09 and a beta of 1.90. The stock has a 50-day moving average of $14.78 and a 200-day moving average of $10.94. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.11 and a quick ratio of 1.11. Hudson Pacific Properties, Inc. has a one year low of $5.26 and a one year high of $21.70.
Hudson Pacific Properties (NYSE:HPP - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $188.30 million for the quarter, compared to the consensus estimate of $181.80 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. As a group, sell-side analysts expect that Hudson Pacific Properties, Inc. will post 1.11 earnings per share for the current year.
About Hudson Pacific Properties
(
Free Report)
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.
Featured Stories
Want to see what other hedge funds are holding HPP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Hudson Pacific Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hudson Pacific Properties wasn't on the list.
While Hudson Pacific Properties currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
