Jon Bortz Purchases 25,000 Shares of Hudson Pacific Properties (NYSE:HPP) Stock

Key Points

• Director Jon Bortz bought 25,000 Hudson Pacific Properties shares at an average price of $13.40, investing $335,000 and increasing his stake by 240.52% to 35,394 shares.
• HPP shares fell 2.5% to $13.30 during Tuesday trading. The company recently reported a quarterly loss of $1.62 per share, though revenue of $188.3 million exceeded analyst expectations.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $15.40; institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) Director Jon Bortz acquired 25,000 shares of the stock in a transaction on Tuesday, August 11th. The shares were purchased at an average price of $13.40 per share, for a total transaction of $335,000.00. Following the completion of the transaction, the director owned 35,394 shares in the company, valued at approximately $474,279.60. This represents a 240.52% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Hudson Pacific Properties Stock Down 2.5%

NYSE:HPP traded down $0.34 during trading hours on Tuesday, hitting $13.30. 666,194 shares of the stock traded hands, compared to its average volume of 1,216,725. The firm has a 50 day moving average price of $14.84 and a 200 day moving average price of $10.44. The firm has a market cap of $721.61 million, a price-to-earnings ratio of -1.50, a PEG ratio of 1.10 and a beta of 1.90. Hudson Pacific Properties, Inc. has a fifty-two week low of $5.26 and a fifty-two week high of $21.70. The company has a current ratio of 1.11, a quick ratio of 1.65 and a debt-to-equity ratio of 1.33.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last issued its earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) EPS for the quarter, missing the consensus estimate of ($0.72) by ($0.90). The business had revenue of $188.30 million during the quarter, compared to analyst estimates of $181.80 million. Hudson Pacific Properties had a negative return on equity of 20.76% and a negative net margin of 70.04%.Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. Equities research analysts anticipate that Hudson Pacific Properties, Inc. will post 1.11 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on HPP. Piper Sandler raised Hudson Pacific Properties from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $16.00 to $18.00 in a research note on Thursday, August 6th. Weiss Ratings reissued a "sell (d)" rating on shares of Hudson Pacific Properties in a research report on Friday, May 29th. 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 report on Tuesday, July 21st. BMO Capital Markets restated a "market perform" rating and set a $16.00 price target (up from $8.00) on shares of Hudson Pacific Properties in a report on Monday, June 15th. Finally, Cantor Fitzgerald boosted their price objective on shares of Hudson Pacific Properties from $14.00 to $17.00 and gave the company an "overweight" rating in a research report on Friday. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $15.40.

Institutional Investors Weigh In On Hudson Pacific Properties

Several institutional investors and hedge funds have recently modified their holdings of HPP. Allied Private Wealth LLC bought a new stake in Hudson Pacific Properties in the second quarter worth $33,000. Allworth Financial LP bought a new position in Hudson Pacific Properties during the second quarter valued at about $67,000. Evergreen Capital Management LLC acquired a new stake in shares of Hudson Pacific Properties in the second quarter worth about $28,000. Orion Porfolio Solutions LLC acquired a new stake in shares of Hudson Pacific Properties in the third quarter worth about $28,000. Finally, United Capital Financial Advisors LLC bought a new stake in shares of Hudson Pacific Properties during the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 97.58% of the company's stock.

Hudson Pacific Properties Company 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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