Saba Capital Management L.P. Raises Position in Hudson Pacific Properties, Inc. $HPP

Saba Capital Management L.P. lifted its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 49.8% during the first quarter, HoldingsChannel reports. The fund owned 831,868 shares of the real estate investment trust’s stock after acquiring an additional 276,459 shares during the quarter. Saba Capital Management L.P.’s holdings in Hudson Pacific Properties were worth $4,916,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Evergreen Capital Management LLC acquired a new stake in Hudson Pacific Properties in the second quarter valued at about $28,000. Orion Porfolio Solutions LLC purchased a new stake in Hudson Pacific Properties in the 3rd quarter valued at approximately $28,000. United Capital Financial Advisors LLC acquired a new position in Hudson Pacific Properties during the 3rd quarter worth approximately $30,000. Integrated Wealth Concepts LLC acquired a new position in Hudson Pacific Properties during the 3rd quarter worth approximately $32,000. Finally, US Bancorp DE raised its stake in shares of Hudson Pacific Properties by 196.2% during the 3rd quarter. US Bancorp DE now owns 12,485 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 8,270 shares in the last quarter. 97.58% of the stock is owned by hedge funds and other institutional investors.

Hudson Pacific Properties Stock Down 4.7%

Shares of NYSE HPP opened at $14.66 on Tuesday. Hudson Pacific Properties, Inc. has a 12-month low of $5.26 and a 12-month high of $21.70. The company has a market capitalization of $795.16 million, a PE ratio of -1.45, a price-to-earnings-growth ratio of 1.14 and a beta of 1.89. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.65 and a quick ratio of 1.65. The firm’s 50-day moving average is $14.33 and its two-hundred day moving average is $10.14.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.10. Hudson Pacific Properties had a negative net margin of 67.89% and a negative return on equity of 19.05%. The business had revenue of $181.85 million during the quarter, compared to analysts’ expectations of $175.12 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. Equities analysts anticipate that Hudson Pacific Properties, Inc. will post 1.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HPP. BMO Capital Markets reissued a “market perform” rating and issued a $16.00 price target (up from $8.00) on shares of Hudson Pacific Properties in a report on Monday, June 15th. Bank of America reiterated an “underperform” rating and issued a $14.00 price objective on shares of Hudson Pacific Properties in a research report on Tuesday, June 16th. Weiss Ratings restated a “sell (d)” rating on shares of Hudson Pacific Properties in a research report on Friday, May 29th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $12.00 price target (up from $7.50) on shares of Hudson Pacific Properties in a report on Tuesday, May 19th. Finally, Morgan Stanley set a $9.00 price objective on shares of Hudson Pacific Properties and gave the stock an “underweight” rating in a report on Wednesday, July 22nd. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Hudson Pacific Properties has an average rating of “Hold” and an average price target of $14.32.

Hudson Pacific Properties Company 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.