Daiwa Securities Group Inc. Sells 982,169 Shares of Hudson Pacific Properties, Inc. $HPP

Daiwa Securities Group Inc. reduced its position in Hudson Pacific Properties, Inc. (NYSE:HPP) by 83.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 197,876 shares of the real estate investment trust’s stock after selling 982,169 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Hudson Pacific Properties were worth $2,143,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Pensionfund Sabic bought a new position in Hudson Pacific Properties during the fourth quarter worth $59,000. Evergreen Capital Management LLC bought a new position in shares of Hudson Pacific Properties in the second quarter valued at $28,000. Orion Porfolio Solutions LLC purchased a new stake in shares of Hudson Pacific Properties in the third quarter valued at about $28,000. United Capital Financial Advisors LLC purchased a new stake in shares of Hudson Pacific Properties in the third quarter valued at about $30,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Hudson Pacific Properties during the 3rd quarter worth $32,000. 97.58% of the stock is owned by institutional investors.

Hudson Pacific Properties Price Performance

HPP opened at $15.51 on Wednesday. The company has a market capitalization of $841.26 million, a price-to-earnings ratio of -1.54, a PEG ratio of 1.17 and a beta of 1.94. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.28. The firm has a 50-day moving average price of $9.66 and a 200-day moving average price of $9.41. Hudson Pacific Properties, Inc. has a twelve month low of $5.26 and a twelve month high of $21.70.

Hudson Pacific Properties (NYSE:HPP) last posted its earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share for the quarter, topping the consensus estimate of ($0.92) by $0.10. The firm had revenue of $181.85 million during the quarter, compared to the consensus estimate of $175.12 million. Hudson Pacific Properties had a negative net margin of 67.89% and a negative return on equity of 19.05%. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. Equities analysts expect that Hudson Pacific Properties, Inc. will post 1.06 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on HPP shares. Cantor Fitzgerald decreased their price objective on shares of Hudson Pacific Properties from $13.00 to $10.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. Wells Fargo & Company lifted their price objective on shares of Hudson Pacific Properties from $13.50 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Piper Sandler reaffirmed a “neutral” rating and issued a $12.00 price objective (up from $6.50) on shares of Hudson Pacific Properties in a research report on Thursday, May 28th. Morgan Stanley lowered their price objective on shares of Hudson Pacific Properties from $8.00 to $5.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 31st. Finally, BTIG Research reaffirmed a “buy” rating and issued a $26.00 price objective on shares of Hudson Pacific Properties in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Hudson Pacific Properties presently has an average rating of “Hold” and an average target price of $14.82.

Hudson Pacific Properties 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.