Vanguard Group Inc. Sells 2,676,733 Shares of Hudson Pacific Properties, Inc. $HPP

Key Points

• Vanguard Group Inc. has reduced its stake in Hudson Pacific Properties by 16.2%, now holding approximately 9.80% of the company, after selling over 2.6 million shares in the first quarter.
• Insider transactions include CEO Victor J. Coleman purchasing 224,215 shares, increasing his ownership by 46%, while Director Ted R. Antenucci acquired 89,686 shares, a 54.27% increase in his stake.
• Equities analysts have mixed views on Hudson Pacific Properties, with price targets ranging from $2.00 to $5.00, and an average rating of Hold reflected in the current estimates.

Vanguard Group Inc. cut its holdings in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 16.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,860,269 shares of the real estate investment trust's stock after selling 2,676,733 shares during the quarter. Vanguard Group Inc. owned 9.80% of Hudson Pacific Properties worth $40,888,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HPP. US Bancorp DE raised its stake in Hudson Pacific Properties by 1,053.7% during the 1st 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 last quarter. Boothbay Fund Management LLC purchased a new stake in shares of Hudson Pacific Properties in the 4th quarter worth $40,000. Two Sigma Securities LLC purchased a new stake in shares of Hudson Pacific Properties in the 4th quarter worth $44,000. Ballentine Partners LLC purchased a new stake in shares of Hudson Pacific Properties in the 1st quarter worth $44,000. Finally, Insigneo Advisory Services LLC purchased a new stake in shares of Hudson Pacific Properties in the 1st quarter worth $44,000. 97.58% of the stock is owned by institutional investors.

Hudson Pacific Properties Trading Down 0.6%

Shares of NYSE:HPP traded down $0.02 during trading on Friday, reaching $2.80. The company's stock had a trading volume of 3,838,089 shares, compared to its average volume of 6,763,999. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.17. Hudson Pacific Properties, Inc. has a 12 month low of $1.78 and a 12 month high of $5.56. The firm's 50 day simple moving average is $2.64 and its two-hundred day simple moving average is $2.56. The stock has a market capitalization of $1.06 billion, a PE ratio of -1.00 and a beta of 1.59.

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 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. Hudson Pacific Properties had a negative net margin of 53.76% and a negative return on equity of 15.10%. The firm had revenue of $190.00 million during the quarter, compared to the consensus estimate of $196.27 million. Hudson Pacific Properties has set its Q3 2025 guidance at 0.010-0.05 EPS. On average, research analysts predict that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HPP has been the subject of a number of recent analyst reports. Piper Sandler set a $2.00 price objective on Hudson Pacific Properties and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Odeon Capital Group started coverage on Hudson Pacific Properties in a research note on Monday, June 16th. They issued a "buy" rating and a $5.00 price objective for the company. BTIG Research cut their price objective on 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. Wedbush restated a "neutral" rating on shares of Hudson Pacific Properties in a research report on Monday, May 5th. Finally, Wells Fargo & Company cut their price objective on Hudson Pacific Properties from $3.40 to $3.10 and set an "overweight" rating for the company in a research report on Wednesday. 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $3.11.

Insiders Place Their Bets

In other news, Director Ted R. Antenucci acquired 89,686 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was acquired at an average price of $2.23 per share, with a total value of $199,999.78. Following the completion of the purchase, the director directly owned 254,934 shares in the company, valued at approximately $568,502.82. This trade represents a 54.27% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barry A. Sholem acquired 224,215 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was purchased at an average cost of $2.23 per share, with a total value of $499,999.45. Following the purchase, the director owned 400,743 shares of the company's stock, valued at $893,656.89. The trade was a 127.01% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 1,139,007 shares of company stock valued at $2,539,986 over the last quarter. Corporate insiders own 4.92% of the company's stock.

Hudson Pacific Properties 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.