Kettle Hill Capital Management LLC Purchases 3,709,391 Shares of Hudson Pacific Properties, Inc. $HPP

Kettle Hill Capital Management LLC increased its holdings in Hudson Pacific Properties, Inc. (NYSE:HPP) by 436.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,558,816 shares of the real estate investment trust’s stock after acquiring an additional 3,709,391 shares during the period. Hudson Pacific Properties comprises approximately 2.8% of Kettle Hill Capital Management LLC’s portfolio, making the stock its 16th biggest holding. Kettle Hill Capital Management LLC owned about 1.20% of Hudson Pacific Properties worth $12,582,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in HPP. Balyasny Asset Management L.P. grew its position in shares of Hudson Pacific Properties by 122.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 15,712,981 shares of the real estate investment trust’s stock valued at $43,054,000 after acquiring an additional 8,646,463 shares during the period. Prudential Financial Inc. grew its stake in shares of Hudson Pacific Properties by 357.1% during the 2nd quarter. Prudential Financial Inc. now owns 10,686,082 shares of the real estate investment trust’s stock worth $29,280,000 after acquiring an additional 8,348,371 shares during the period. Conversant Capital LLC grew its stake in shares of Hudson Pacific Properties by 293.6% during the 2nd quarter. Conversant Capital LLC now owns 10,700,000 shares of the real estate investment trust’s stock worth $29,318,000 after acquiring an additional 7,981,580 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Hudson Pacific Properties in the 2nd quarter worth about $21,422,000. Finally, Sei Investments Co. raised its stake in Hudson Pacific Properties by 18,343.2% in the 2nd quarter. Sei Investments Co. now owns 5,571,688 shares of the real estate investment trust’s stock valued at $15,266,000 after acquiring an additional 5,541,478 shares during the period. Institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Price Performance

HPP stock opened at $6.49 on Monday. The firm has a 50 day moving average of $8.05 and a 200-day moving average of $13.31. The firm has a market capitalization of $351.75 million, a P/E ratio of -0.50, a price-to-earnings-growth ratio of 0.79 and a beta of 1.50. Hudson Pacific Properties, Inc. has a 12 month low of $5.55 and a 12 month high of $22.89. 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 posted its earnings results on Thursday, February 26th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. Hudson Pacific Properties had a negative net margin of 69.12% and a negative return on equity of 19.89%. The business had revenue of $256.03 million for the quarter, compared to analyst estimates of $168.02 million. Hudson Pacific Properties has set its FY 2026 guidance at 0.960-1.060 EPS. As a group, sell-side analysts predict that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on HPP. Morgan Stanley reaffirmed an “underweight” rating and set a $8.00 price objective on shares of Hudson Pacific Properties in a report on Thursday, January 29th. Citigroup upped their price target on shares of Hudson Pacific Properties from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. BTIG Research set a $26.00 price objective on shares of Hudson Pacific Properties and gave the stock a “buy” rating in a report on Friday, January 2nd. Cantor Fitzgerald reduced 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 research note on Monday, March 2nd. Finally, The Goldman Sachs Group set a $14.50 target price on Hudson Pacific Properties and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $13.74.

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.