Hudson Pacific Properties (NYSE:HPP) Director Purchases $87,800.00 in Stock

Hudson Pacific Properties, Inc. (NYSE:HPP) Director Jon Bortz acquired 10,000 shares of the stock in a transaction dated Wednesday, November 11th. The stock was acquired at an average price of $8.78 per share, for a total transaction of $87,800.00. Following the completion of the acquisition, the director directly owned 110,394 shares of the company’s stock, valued at $969,259.32. The trade was a 9.96% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hudson Pacific Properties Stock Up 2.0%

Shares of HPP stock traded up $0.17 during trading on Thursday, reaching $8.81. The company’s stock had a trading volume of 626,994 shares, compared to its average volume of 1,000,553. Hudson Pacific Properties, Inc. has a one year low of $5.26 and a one year high of $17.20. The business has a fifty day moving average price of $11.02 and a 200-day moving average price of $10.89. The company has a market cap of $478.38 million, a price-to-earnings ratio of -0.87, a price-to-earnings-growth ratio of 0.54 and a beta of 2.02. The company has a quick ratio of 1.11, a current ratio of 1.33 and a debt-to-equity ratio of 1.46.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Thursday, November 5th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.73) by $1.01. Hudson Pacific Properties had a negative net margin of 80.01% and a negative return on equity of 25.07%. The business had revenue of $180.89 million during the quarter, compared to the consensus estimate of $181.62 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.150-1.210 EPS. Analysts anticipate that Hudson Pacific Properties, Inc. will post 1.17 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HPP. Piper Sandler downgraded Hudson Pacific Properties from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $15.00 to $13.00 in a research report on Monday, October 19th. Wells Fargo & Company reissued an “overweight” rating and set a $17.00 price target (up from $14.00) on shares of Hudson Pacific Properties in a research report on Tuesday, September 1st. Weiss Ratings restated a “sell (d)” rating on shares of Hudson Pacific Properties in a research note on Wednesday, August 26th. Citigroup restated a “neutral” rating and issued a $15.00 price target (up from $13.00) on shares of Hudson Pacific Properties in a research note on Thursday, August 13th. Finally, Mizuho boosted their price target on Hudson Pacific Properties from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Hudson Pacific Properties presently has an average rating of “Hold” and a consensus target price of $15.27.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. IFP Advisors Inc raised its holdings in shares of Hudson Pacific Properties by 4,560.0% in the 2nd quarter. IFP Advisors Inc now owns 1,631 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,596 shares during the period. Allied Private Wealth LLC bought a new position in Hudson Pacific Properties during the second quarter worth about $33,000. Pinnacle Wealth Planning Services Inc. grew its holdings in Hudson Pacific Properties by 66.3% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 4,300 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,715 shares during the period. Allworth Financial LP bought a new position in Hudson Pacific Properties during the second quarter worth about $67,000. Finally, Legal & General Group Plc acquired a new position in Hudson Pacific Properties during the second quarter worth approximately $80,000. Institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Company Profile

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.