Investors Purchase High Volume of Hudson Pacific Properties Put Options (NYSE:HPP)

Key Points

• Investors bought 5,000 put options on Hudson Pacific Properties on Tuesday — a 409% increase over the average volume of 983 — indicating unusually heavy bearish/options hedging activity.
• HPP traded at $6.13, sits below its 200‑day moving average ($11.26), has negative profitability metrics (negative PE and net margin), yet posted a slight EPS beat ($0.21 vs. $0.20) and set FY2026 guidance of 0.960–1.060 EPS.
• Large institutional investors (including Balyasny, Conversant, Sei, UBS and Vanguard) have dramatically increased holdings, leaving institutions with 97.58% ownership, while analysts remain mixed with a consensus “Hold” and a $14.11 price target.

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) was the target of some unusual options trading activity on Tuesday. Stock investors acquired 5,000 put options on the stock. This represents an increase of 409% compared to the average volume of 983 put options.

Hudson Pacific Properties Price Performance

NYSE HPP traded up $0.02 during trading hours on Tuesday, reaching $6.13. 310,817 shares of the company's stock were exchanged, compared to its average volume of 1,335,661. The firm has a fifty day moving average of $6.51 and a 200-day moving average of $11.26. Hudson Pacific Properties has a one year low of $5.26 and a one year high of $21.70. The stock has a market cap of $332.49 million, a PE ratio of -0.47, a price-to-earnings-growth ratio of 0.62 and a beta of 1.51. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.25.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last announced its earnings results on Thursday, February 26th. The real estate investment trust reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. Hudson Pacific Properties had a negative return on equity of 19.89% and a negative net margin of 69.12%.The company had revenue of $256.03 million for the quarter, compared to analysts' expectations of $168.02 million. Hudson Pacific Properties has set its FY 2026 guidance at 0.960-1.060 EPS. On average, equities research analysts predict that Hudson Pacific Properties will post 0.45 earnings per share for the current fiscal year.

Institutional Trading of Hudson Pacific Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Balyasny Asset Management L.P. raised its position in Hudson Pacific Properties by 122.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 15,712,981 shares of the real estate investment trust's stock worth $43,054,000 after purchasing an additional 8,646,463 shares during the last quarter. Conversant Capital LLC increased its stake in shares of Hudson Pacific Properties by 293.6% in the 2nd quarter. Conversant Capital LLC now owns 10,700,000 shares of the real estate investment trust's stock valued at $29,318,000 after buying an additional 7,981,580 shares during the period. Sei Investments Co. raised its position in shares of Hudson Pacific Properties by 18,343.2% during the second quarter. Sei Investments Co. now owns 5,571,688 shares of the real estate investment trust's stock worth $15,266,000 after acquiring an additional 5,541,478 shares during the last quarter. UBS Group AG boosted its holdings in Hudson Pacific Properties by 657.0% in the third quarter. UBS Group AG now owns 5,617,697 shares of the real estate investment trust's stock valued at $15,505,000 after acquiring an additional 4,875,549 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Hudson Pacific Properties by 14.3% in the third quarter. Vanguard Group Inc. now owns 38,453,976 shares of the real estate investment trust's stock worth $106,133,000 after purchasing an additional 4,815,234 shares during the period. Institutional investors and hedge funds own 97.58% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HPP. Zacks Research upgraded Hudson Pacific Properties from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 3rd. BMO Capital Markets reaffirmed a "market perform" rating on shares of Hudson Pacific Properties in a research note on Thursday, February 26th. BTIG Research set a $26.00 price target on Hudson Pacific Properties and gave the company a "buy" rating in a research report on Friday, January 2nd. The Goldman Sachs Group set a $14.50 price objective on Hudson Pacific Properties and gave the stock a "neutral" rating in a research note on Thursday, January 29th. Finally, Morgan Stanley reduced their target price on shares of Hudson Pacific Properties from $8.00 to $5.00 and set an "underweight" rating on the stock in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $14.11.

About Hudson Pacific Properties

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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