Investors Purchase High Volume of Call Options on Hudson Pacific Properties (NYSE:HPP)

Hudson Pacific Properties, Inc. (NYSE:HPP) was the target of some unusual options trading on Wednesday. Stock investors acquired 40,024 call options on the company. This represents an increase of 1,771% compared to the average daily volume of 2,139 call options.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Hudson Pacific Properties by 14.3% during the third quarter. Vanguard Group Inc. now owns 38,453,976 shares of the real estate investment trust’s stock valued at $106,133,000 after buying an additional 4,815,234 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Hudson Pacific Properties by 122.4% during the second 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. Conversant Capital LLC lifted its position in shares of Hudson Pacific Properties by 293.6% in the 2nd quarter. Conversant Capital LLC now owns 10,700,000 shares of the real estate investment trust’s stock valued at $29,318,000 after acquiring an additional 7,981,580 shares in the last quarter. Hudson Bay Capital Management LP grew its position in Hudson Pacific Properties by 1.0% during the 3rd quarter. Hudson Bay Capital Management LP now owns 6,987,635 shares of the real estate investment trust’s stock worth $19,286,000 after purchasing an additional 68,089 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Hudson Pacific Properties by 25.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,225,104 shares of the real estate investment trust’s stock valued at $17,181,000 after purchasing an additional 1,245,435 shares during the period. Institutional investors own 97.58% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. BMO Capital Markets restated a “market perform” rating on shares of Hudson Pacific Properties in a research note on Thursday, February 26th. Jefferies Financial Group set a $8.00 price objective on Hudson Pacific Properties and gave the stock a “hold” rating in a research report on Friday, March 6th. Wells Fargo & Company raised their target price on Hudson Pacific Properties from $13.50 to $14.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Piper Sandler reiterated a “neutral” rating and set a $12.00 price target (up from $6.50) on shares of Hudson Pacific Properties in a research report on Thursday, May 28th. Finally, Citigroup restated a “neutral” rating and set a $13.00 price objective (up from $8.00) on shares of Hudson Pacific Properties in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $14.82.

Hudson Pacific Properties Price Performance

Shares of HPP stock traded down $0.02 during mid-day trading on Wednesday, hitting $15.48. 765,048 shares of the stock traded hands, compared to its average volume of 1,354,397. Hudson Pacific Properties has a twelve month low of $5.26 and a twelve month high of $21.70. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.65 and a current ratio of 1.65. The company’s 50-day simple moving average is $9.66 and its 200-day simple moving average is $9.41. The firm has a market cap of $839.42 million, a price-to-earnings ratio of -1.53, a price-to-earnings-growth ratio of 1.17 and a beta of 1.94.

Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share for the quarter, beating the consensus estimate of ($0.92) by $0.10. Hudson Pacific Properties had a negative return on equity of 19.05% and a negative net margin of 67.89%.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. As a group, equities research analysts expect that Hudson Pacific Properties will post 1.06 earnings per share for the current year.

About Hudson Pacific Properties

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.