Hsbc Holdings PLC Acquires New Position in Hudson Pacific Properties, Inc. $HPP

Hsbc Holdings PLC acquired a new stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 103,664 shares of the real estate investment trust’s stock, valued at approximately $1,602,000.

Other large investors have also recently modified their holdings of the company. Evergreen Capital Management LLC purchased a new stake in shares of Hudson Pacific Properties during the 2nd quarter valued at approximately $28,000. Orion Porfolio Solutions LLC purchased a new position in Hudson Pacific Properties in the 3rd quarter valued at approximately $28,000. United Capital Financial Advisors LLC bought a new stake in Hudson Pacific Properties during the 3rd quarter valued at $30,000. Integrated Wealth Concepts LLC bought a new stake in Hudson Pacific Properties during the 3rd quarter valued at $32,000. Finally, Allied Private Wealth LLC purchased a new stake in shares of Hudson Pacific Properties during the second quarter worth $33,000. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Hudson Pacific Properties in a research report on Wednesday. Bank of America reissued an “underperform” rating and issued a $14.00 price target on shares of Hudson Pacific Properties in a report on Tuesday, June 16th. Zacks Research raised shares of Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Citigroup reaffirmed a “neutral” rating and set a $15.00 target price (up from $13.00) on shares of Hudson Pacific Properties in a report on Thursday, August 13th. Finally, Piper Sandler raised shares of Hudson Pacific Properties from a “neutral” rating to an “overweight” rating and raised their price target for the company from $16.00 to $18.00 in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.57.

Hudson Pacific Properties Stock Performance

Shares of HPP opened at $13.13 on Monday. Hudson Pacific Properties, Inc. has a 12-month low of $5.26 and a 12-month high of $21.70. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.33. The company has a market cap of $712.57 million, a PE ratio of -1.48, a price-to-earnings-growth ratio of 1.00 and a beta of 1.90. The stock has a 50-day moving average price of $14.75 and a 200-day moving average price of $10.98.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings data 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 company had revenue of $188.30 million during the quarter, compared to the consensus estimate 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. As a group, equities analysts forecast that Hudson Pacific Properties, Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Activity at Hudson Pacific Properties

In related news, Director Jon E. Bortz acquired 25,000 shares of the stock in a transaction dated 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 transaction, the director owned 35,394 shares in the company, valued at $474,279.60. This represents a 240.52% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 2.47% of the stock is owned by insiders.

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.