Insider Buying: Hudson Pacific Properties (NYSE:HPP) CEO Buys $182,000.00 in Stock

Key Points

• CEO Victor Coleman bought 20,000 Hudson Pacific Properties shares for $182,000 at an average price of $9.10, increasing his stake by 19.67% to 121,663 shares.
• The REIT reported quarterly EPS of $0.28, beating analysts’ consensus estimate of a $0.73 loss, while revenue of $180.89 million fell slightly short of expectations.
• Analysts’ average rating is Hold, with an average price target of $15.27; shares recently traded at $8.81.

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) CEO Victor Coleman acquired 20,000 shares of the stock in a transaction that occurred on Tuesday, November 10th. The stock was purchased at an average price of $9.10 per share, for a total transaction of $182,000.00. Following the completion of the acquisition, the chief executive officer owned 121,663 shares in the company, valued at $1,107,133.30. The trade was a 19.67% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Hudson Pacific Properties Price Performance

NYSE:HPP traded up $0.17 during trading hours on Thursday, hitting $8.81. 626,994 shares of the stock were exchanged, compared to its average volume of 1,000,553. Hudson Pacific Properties, Inc. has a 52-week low of $5.26 and a 52-week high of $17.20. The firm's fifty day moving average price is $11.02 and its 200 day moving average price is $10.89. The company has a current ratio of 1.33, a quick ratio of 1.11 and a debt-to-equity ratio of 1.46. The company has a market cap of $478.38 million, a P/E ratio of -0.87, a P/E/G ratio of 0.54 and a beta of 2.02.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last announced its earnings results on Thursday, November 5th. The real estate investment trust reported $0.28 EPS for the quarter, beating analysts' consensus estimates of ($0.73) by $1.01. The business had revenue of $180.89 million during the quarter, compared to analysts' expectations of $181.62 million. Hudson Pacific Properties had a negative return on equity of 25.07% and a negative net margin of 80.01%. Hudson Pacific Properties has set its FY 2026 guidance at 1.150-1.210 EPS. As a group, equities research analysts anticipate that Hudson Pacific Properties, Inc. will post 1.17 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on HPP shares. 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, September 1st. Wall Street Zen cut shares of Hudson Pacific Properties from a "hold" rating to a "sell" rating in a research report on Sunday, September 20th. Piper Sandler cut shares of Hudson Pacific Properties from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $15.00 to $13.00 in a research report on Monday, October 19th. Mizuho raised their price target on shares of Hudson Pacific Properties from $15.00 to $17.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 21st. Finally, Zacks Research cut shares of Hudson Pacific Properties from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 8th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $15.27.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HPP. BlackRock Inc. acquired a new stake in Hudson Pacific Properties during the second quarter worth $102,830,000. Valueworks LLC acquired a new stake in shares of Hudson Pacific Properties during the 2nd quarter worth about $25,667,000. Wellington Management Group LLP acquired a new stake in shares of Hudson Pacific Properties during the 2nd quarter worth about $23,325,000. Bank of America Corp DE purchased a new stake in Hudson Pacific Properties in the 2nd quarter valued at about $5,138,000. Finally, Saba Capital Management L.P. raised its holdings in Hudson Pacific Properties by 49.8% in the 1st quarter. Saba Capital Management L.P. now owns 831,868 shares of the real estate investment trust's stock valued at $4,916,000 after buying an additional 276,459 shares during the period. 97.58% of the stock is currently owned by institutional investors and hedge funds.

About Hudson Pacific Properties

Hudson Pacific Properties is a real estate investment trust that owns, operates and develops office and studio properties. Its office buildings serve businesses in sectors such as technology, media and entertainment, while its studio facilities provide sound stages and production space for film and television work. The company's properties are concentrated in major West Coast markets, including Los Angeles, the San Francisco Bay Area and Seattle, as well as Vancouver, British Columbia. Its studio platform, Sunset Studios, supports production activity with purpose-built facilities and related services.

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