Vanguard Group Inc. Sells 32,907,860 Shares of Hudson Pacific Properties, Inc. $HPP

Vanguard Group Inc. trimmed its holdings in Hudson Pacific Properties, Inc. (NYSE:HPP) by 85.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,546,116 shares of the real estate investment trust’s stock after selling 32,907,860 shares during the period. Vanguard Group Inc. owned 0.10% of Hudson Pacific Properties worth $60,064,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. bought a new stake in shares of Hudson Pacific Properties during the 3rd quarter worth $584,000. Kettle Hill Capital Management LLC grew its stake in Hudson Pacific Properties by 436.7% in the 3rd quarter. Kettle Hill Capital Management LLC now owns 4,558,816 shares of the real estate investment trust’s stock valued at $12,582,000 after buying an additional 3,709,391 shares during the last quarter. Oasis Management Co Ltd. acquired a new position in Hudson Pacific Properties in the 3rd quarter valued at $1,049,000. JPMorgan Chase & Co. grew its stake in Hudson Pacific Properties by 38.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,320,823 shares of the real estate investment trust’s stock valued at $11,925,000 after buying an additional 1,192,974 shares during the last quarter. Finally, Algert Global LLC grew its stake in Hudson Pacific Properties by 193.8% in the 3rd quarter. Algert Global LLC now owns 3,577,833 shares of the real estate investment trust’s stock valued at $9,875,000 after buying an additional 2,359,961 shares during the last quarter. Institutional investors and hedge funds own 97.58% of the company’s stock.

Hudson Pacific Properties Price Performance

Shares of Hudson Pacific Properties stock opened at $11.78 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.65 and a quick ratio of 1.78. Hudson Pacific Properties, Inc. has a fifty-two week low of $5.26 and a fifty-two week high of $21.70. The firm has a fifty day moving average price of $7.49 and a two-hundred day moving average price of $9.91. The company has a market cap of $638.68 million, a PE ratio of -1.17, a price-to-earnings-growth ratio of 0.87 and a beta of 1.86.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share for the quarter, beating 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 firm had revenue of $181.85 million during the quarter, compared to the consensus estimate of $175.12 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. Analysts expect that Hudson Pacific Properties, Inc. will post 1.13 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Hudson Pacific Properties from $8.00 to $5.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 31st. Wells Fargo & Company lowered their target price on shares of Hudson Pacific Properties from $18.20 to $13.50 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Citigroup reiterated a “neutral” rating and issued a $13.00 target price (up from $8.00) on shares of Hudson Pacific Properties in a research note on Thursday. BTIG Research reiterated a “buy” rating and issued a $26.00 target price on shares of Hudson Pacific Properties in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group set a $8.00 target price on shares of Hudson Pacific Properties and gave the company a “hold” rating in a research note on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Hudson Pacific Properties currently has a consensus rating of “Hold” and a consensus target price of $14.53.

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.