Wellington Management Group LLP Acquires New Shares in Hudson Pacific Properties, Inc. $HPP

Key Points

• Wellington Management Group acquired 1.54 million Hudson Pacific Properties shares worth approximately $23.3 million, taking a 2.83% stake. Institutional investors collectively own 97.58% of HPP.
• Analyst sentiment remains mixed: Piper Sandler upgraded HPP to overweight, while Wall Street Zen downgraded it to sell. The consensus rating is Hold, with an average price target of $15.82.
• Hudson Pacific reported a quarterly loss of $1.62 per share, missing estimates by $0.90, despite revenue of $188.3 million exceeding expectations. The stock recently opened at $12.63, well below its 52-week high of $21.70.

Wellington Management Group LLP acquired a new position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,535,537 shares of the real estate investment trust's stock, valued at approximately $23,325,000. Wellington Management Group LLP owned about 2.83% of Hudson Pacific Properties as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HPP. Evergreen Capital Management LLC bought a new position in Hudson Pacific Properties in the second quarter valued at about $28,000. Orion Porfolio Solutions LLC bought a new stake in shares of Hudson Pacific Properties during the third quarter worth about $28,000. United Capital Financial Advisors LLC bought a new stake in shares of Hudson Pacific Properties during the third quarter worth about $30,000. Integrated Wealth Concepts LLC acquired a new position in shares of Hudson Pacific Properties in the third quarter valued at approximately $32,000. Finally, Allied Private Wealth LLC acquired a new position in shares of Hudson Pacific Properties in the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 97.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HPP. BMO Capital Markets reiterated a "market perform" rating and set a $16.00 target price (up from $8.00) on shares of Hudson Pacific Properties in a research report on Monday, June 15th. Mizuho upped their price target on shares of Hudson Pacific Properties from $15.00 to $17.00 and gave the company a "neutral" rating in a research report on Tuesday, July 21st. Piper Sandler upgraded shares of Hudson Pacific Properties from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $16.00 to $18.00 in a report on Thursday, August 6th. Wall Street Zen cut shares of Hudson Pacific Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $17.00 price objective (up from $14.00) on shares of Hudson Pacific Properties in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $15.82.

Hudson Pacific Properties Stock Performance

HPP stock opened at $12.63 on Friday. The firm has a market cap of $685.42 million, a PE ratio of -1.43, a price-to-earnings-growth ratio of 1.17 and a beta of 1.89. The stock has a 50-day moving average price of $14.57 and a 200-day moving average price of $11.16. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.33. Hudson Pacific Properties, Inc. has a 1-year low of $5.26 and a 1-year high of $21.70.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.72) by ($0.90). The company had revenue of $188.30 million for the quarter, compared to analyst estimates of $181.80 million. Hudson Pacific Properties had a negative net margin of 70.04% and a negative return on equity of 20.76%. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. As a group, equities research analysts expect that Hudson Pacific Properties, Inc. will post 1.12 earnings per share for the current year.

Insider Activity

In related news, Director Jon Bortz acquired 25,000 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were bought at an average price of $13.40 per share, with a total value of $335,000.00. Following the transaction, the director directly owned 35,394 shares of the company's stock, valued at $474,279.60. This trade represents a 240.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.47% of the stock is owned by company insiders.

Hudson Pacific Properties Profile

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.

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