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. trimmed its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 16.2% in the first quarter, according to the company in 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 period. Vanguard Group Inc. owned approximately 9.80% of Hudson Pacific Properties worth $40,888,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Winslow Asset Management Inc. boosted its stake in Hudson Pacific Properties by 15.8% during the 1st quarter. Winslow Asset Management Inc. now owns 49,030 shares of the real estate investment trust's stock valued at $145,000 after acquiring an additional 6,685 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Hudson Pacific Properties by 71.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 18,674 shares of the real estate investment trust's stock valued at $57,000 after acquiring an additional 7,807 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Hudson Pacific Properties by 25.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 41,563 shares of the real estate investment trust's stock valued at $122,000 after acquiring an additional 8,430 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Hudson Pacific Properties by 15.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 65,672 shares of the real estate investment trust's stock valued at $199,000 after acquiring an additional 8,775 shares during the last quarter. Finally, US Bancorp DE boosted 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 acquiring an additional 8,925 shares during the last quarter. 97.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the stock. BTIG Research reduced their price objective on shares of Hudson Pacific Properties from $8.00 to $4.75 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. Wedbush reiterated a "neutral" rating on shares of Hudson Pacific Properties in a research note on Monday, May 5th. BMO Capital Markets reduced their price target on shares of Hudson Pacific Properties from $4.00 to $3.50 and set an "outperform" rating on the stock in a research report on Friday, June 13th. Piper Sandler set a $2.00 price target on shares of Hudson Pacific Properties and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Finally, Wells Fargo & Company reduced their price target on shares of Hudson Pacific Properties from $3.40 to $3.10 and set an "overweight" rating on the stock in a research report on Wednesday, August 27th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Hudson Pacific Properties has a consensus rating of "Hold" and a consensus price target of $3.11.

Insider Activity

In related news, CEO Victor J. Coleman acquired 224,215 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were purchased at an average price of $2.23 per share, with a total value of $499,999.45. Following the acquisition, the chief executive officer directly owned 711,666 shares in the company, valued at $1,587,015.18. The trade was a 46.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, President Mark T. Lammas bought 22,421 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, for a total transaction of $49,998.83. Following the completion of the acquisition, the president directly owned 141,578 shares in the company, valued at approximately $315,718.94. This trade represents a 18.82% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 1,139,007 shares of company stock worth $2,539,986. 3.92% of the stock is currently owned by insiders.

Hudson Pacific Properties Stock Performance

Hudson Pacific Properties stock traded down $0.02 on Monday, hitting $2.80. The company's stock had a trading volume of 3,838,089 shares, compared to its average volume of 6,673,376. Hudson Pacific Properties, Inc. has a one year low of $1.78 and a one year high of $5.56. The company has a fifty day moving average price of $2.64 and a 200-day moving average price of $2.56. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.17. The firm has a market cap of $1.06 billion, a P/E ratio of -1.00 and a beta of 1.63.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.04 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $196.27 million. Hudson Pacific Properties has set its Q3 2025 guidance at 0.010-0.05 EPS. On average, equities analysts anticipate that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current year.

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.