Key Points
- President Mark Lammas bought 5,000 Hudson Pacific Properties shares at $8.73 each, investing $43,650 and increasing his direct stake by 24.72% to 25,225 shares. The article also reports recent purchases by the CEO and a director.
- Hudson Pacific reported quarterly EPS of $0.28, beating analyst expectations of a $0.73 loss, while revenue of $180.89 million came in slightly below estimates of $181.62 million.
- Analyst sentiment is mixed: MarketBeat’s consensus rating is “Hold,” with an average price target of $15.27; shares were trading at $8.85 in the article.
Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) President Mark Lammas purchased 5,000 shares of the stock in a transaction dated Thursday, November 12th. The shares were bought at an average price of $8.73 per share, with a total value of $43,650.00. Following the completion of the acquisition, the president directly owned 25,225 shares of the company's stock, valued at approximately $220,214.25. This represents a 24.72% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Hudson Pacific Properties Price Performance
Shares of HPP traded up $0.05 during trading hours on Friday, reaching $8.85. The stock had a trading volume of 574,167 shares, compared to its average volume of 992,624. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.11 and a current ratio of 1.33. Hudson Pacific Properties, Inc. has a 12 month low of $5.26 and a 12 month high of $17.20. The stock has a market capitalization of $480.50 million, a PE ratio of -0.87, a PEG ratio of 0.55 and a beta of 2.02. The company's 50-day moving average is $10.95 and its two-hundred day moving average is $10.89.
Hudson Pacific Properties (NYSE:HPP - Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of ($0.73) by $1.01. The business had revenue of $180.89 million for the quarter, compared to analyst estimates 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. Research analysts expect that Hudson Pacific Properties, Inc. will post 1.17 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of HPP. BlackRock Inc. bought a new stake in shares of Hudson Pacific Properties in the 2nd quarter valued at about $102,830,000. Valueworks LLC acquired a new stake in shares of Hudson Pacific Properties in the second quarter valued at about $25,667,000. Wellington Management Group LLP bought a new position in shares of Hudson Pacific Properties during the second quarter worth about $23,325,000. Bank of America Corp DE bought a new position in shares of Hudson Pacific Properties during the second quarter worth about $5,138,000. Finally, Saba Capital Management L.P. raised its position in shares of Hudson Pacific Properties by 49.8% during the first quarter. Saba Capital Management L.P. now owns 831,868 shares of the real estate investment trust's stock worth $4,916,000 after acquiring an additional 276,459 shares during the last quarter. 97.58% of the stock is owned by institutional investors and hedge funds.
Hudson Pacific Properties News Roundup
Investors following HPP have been watching these news items:
- Positive Sentiment: CEO Victor Coleman bought 20,000 shares for $182,000, and President Mark Lammas bought 5,000 shares for $43,650. Director Jon Bortz made three purchases totaling 75,000 shares for about $680,000. Together, the disclosed purchases amounted to roughly 100,000 shares and $906,000 across several days. Insider buying may support investor sentiment, though it does not guarantee improved business performance. Coleman filing Lammas filing Bortz filing
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on HPP shares. Cantor Fitzgerald lifted their price target on Hudson Pacific Properties from $14.00 to $17.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Hudson Pacific Properties in a research note on Wednesday, August 26th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $17.00 price objective (up from $14.00) on shares of Hudson Pacific Properties in a research note on Tuesday, September 1st. Citigroup reiterated a "neutral" rating and issued a $15.00 price objective (up from $13.00) on shares of Hudson Pacific Properties in a report on Thursday, August 13th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $16.00 target price on shares of Hudson Pacific Properties in a research report on Monday, August 10th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, Hudson Pacific Properties currently has an average rating of "Hold" and an average price target of $15.27.
Get Our Latest Research Report on Hudson Pacific Properties
About Hudson Pacific Properties
(
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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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