JPMorgan Chase & Co. Has $11.93 Million Position in Hudson Pacific Properties, Inc. $HPP

JPMorgan Chase & Co. lifted its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 38.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,320,823 shares of the real estate investment trust’s stock after purchasing an additional 1,192,974 shares during the period. JPMorgan Chase & Co. owned 1.14% of Hudson Pacific Properties worth $11,925,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. AQR Capital Management LLC lifted its position in Hudson Pacific Properties by 140.3% during the 1st quarter. AQR Capital Management LLC now owns 348,203 shares of the real estate investment trust’s stock worth $1,027,000 after buying an additional 203,283 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Hudson Pacific Properties during the first quarter worth approximately $82,000. Strs Ohio bought a new stake in shares of Hudson Pacific Properties during the first quarter valued at approximately $73,000. Envestnet Asset Management Inc. grew its stake in shares of Hudson Pacific Properties by 844.1% during the second quarter. Envestnet Asset Management Inc. now owns 570,730 shares of the real estate investment trust’s stock valued at $1,564,000 after purchasing an additional 510,280 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Hudson Pacific Properties in the second quarter valued at approximately $132,000. 97.58% of the stock is owned by institutional investors.

Hudson Pacific Properties Price Performance

Shares of HPP opened at $7.48 on Friday. The stock has a market cap of $405.72 million, a P/E ratio of -0.58 and a beta of 1.50. Hudson Pacific Properties, Inc. has a 1 year low of $5.55 and a 1 year high of $22.89. The stock’s 50-day moving average price is $8.55 and its two-hundred day moving average price is $13.81. 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) last announced its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported $0.21 EPS for the quarter, beating analysts’ consensus estimates 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 during 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 analysts predict that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HPP has been the topic of several research reports. Piper Sandler set a $10.00 price objective on Hudson Pacific Properties in a report on Tuesday, January 27th. Zacks Research lowered Hudson Pacific Properties from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Wells Fargo & Company set a $2.60 price objective on Hudson Pacific Properties in a research report on Tuesday, November 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hudson Pacific Properties in a report on Monday, December 29th. Finally, Morgan Stanley restated an “underweight” rating and set a $8.00 target price on shares of Hudson Pacific Properties in a research report on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $14.48.

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.