Key Points
- Director Jon Bortz purchased 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.
- Hudson Pacific reported a quarterly loss of $1.62 per share, missing estimates by $0.90, although revenue of $188.3 million exceeded forecasts.
- Analysts maintain a consensus “Hold” rating with a $15.40 target price; HPP recently traded near $13.30, while institutional investors own 97.58% of the stock.
Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) Director Jon Bortz bought 25,000 shares of the stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of $13.40 per share, for a total transaction of $335,000.00. Following the acquisition, the director owned 35,394 shares in the company, valued at $474,279.60. The trade was a 240.52% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Hudson Pacific Properties Stock Down 2.5%
Shares of NYSE:HPP opened at $13.30 on Wednesday. The company has a quick ratio of 1.65, a current ratio of 1.11 and a debt-to-equity ratio of 1.33. Hudson Pacific Properties, Inc. has a 52-week low of $5.26 and a 52-week high of $21.70. The stock's fifty day simple moving average is $14.83 and its 200-day simple moving average is $10.47. The company has a market capitalization of $721.61 million, a P/E ratio of -1.50, a P/E/G ratio of 1.04 and a beta of 1.90.
Hudson Pacific Properties (NYSE:HPP - Get Free Report) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share for the quarter, missing the consensus estimate of ($0.72) by ($0.90). The firm had revenue of $188.30 million during 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 forecast that Hudson Pacific Properties, Inc. will post 1.11 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages recently issued reports on HPP. Mizuho raised their target price on shares of Hudson Pacific Properties from $15.00 to $17.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 21st. Citigroup reiterated a "neutral" rating and issued a $13.00 price target (up from $8.00) on shares of Hudson Pacific Properties in a report on Thursday, May 14th. Wells Fargo & Company increased their price target on Hudson Pacific Properties from $13.50 to $14.00 and gave the stock an "overweight" rating in a research note on Monday, June 1st. The Goldman Sachs Group restated a "neutral" rating and set a $16.00 price objective on shares of Hudson Pacific Properties in a report on Monday. Finally, Zacks Research downgraded Hudson Pacific Properties from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $15.40.
Get Our Latest Analysis on HPP
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Evergreen Capital Management LLC acquired a new stake in shares of Hudson Pacific Properties in the second quarter worth approximately $28,000. Orion Porfolio Solutions LLC acquired a new position in Hudson Pacific Properties during the third quarter worth approximately $28,000. United Capital Financial Advisors LLC acquired a new position in Hudson Pacific Properties during the third quarter worth approximately $30,000. Integrated Wealth Concepts LLC purchased a new position in Hudson Pacific Properties during the third quarter worth approximately $32,000. Finally, Allied Private Wealth LLC purchased a new position in Hudson Pacific Properties during the second quarter worth approximately $33,000. 97.58% of the stock is currently owned by hedge funds and other institutional investors.
About Hudson Pacific Properties
(
Get Free Report)
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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