Purpose Unlimited Inc. Buys New Shares in Hudson Pacific Properties, Inc. $HPP

Purpose Unlimited Inc. bought a new position in Hudson Pacific Properties, Inc. (NYSE:HPP) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 437,601 shares of the real estate investment trust’s stock, valued at approximately $4,739,000. Purpose Unlimited Inc. owned approximately 0.81% of Hudson Pacific Properties at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Xponance Inc. boosted its position in shares of Hudson Pacific Properties by 19.9% in the third quarter. Xponance Inc. now owns 29,100 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 4,821 shares during the period. Pensionfund Sabic purchased a new position in shares of Hudson Pacific Properties during the 4th quarter valued at $59,000. Envestnet Asset Management Inc. boosted its holdings in Hudson Pacific Properties by 1.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 576,274 shares of the real estate investment trust’s stock worth $1,591,000 after buying an additional 5,544 shares during the period. US Bancorp DE boosted its holdings in Hudson Pacific Properties by 196.2% in 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 during the period. Finally, Ameriprise Financial Inc. increased its stake in Hudson Pacific Properties by 20.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 54,080 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 9,239 shares in the last quarter. Institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Stock Down 0.2%

Shares of HPP opened at $14.59 on Friday. The stock has a market capitalization of $791.55 million, a price-to-earnings ratio of -1.45, a price-to-earnings-growth ratio of 1.17 and a beta of 1.94. Hudson Pacific Properties, Inc. has a 1 year low of $5.26 and a 1 year high of $21.70. The business’s 50 day simple moving average is $11.08 and its 200-day simple moving average is $9.50. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.65 and a quick ratio of 1.65.

Hudson Pacific Properties (NYSE:HPP) last posted its earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) EPS for the quarter, beating analysts’ consensus estimates 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 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. As a group, equities analysts expect that Hudson Pacific Properties, Inc. will post 1.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wall Street Zen downgraded Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Zacks Research raised Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $12.00 price objective (up from $7.50) on shares of Hudson Pacific Properties in a report on Tuesday, May 19th. Bank of America reiterated an “underperform” rating and set a $14.00 price objective on shares of Hudson Pacific Properties in a research report on Tuesday, June 16th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $16.00 target price (up from $8.00) on shares of Hudson Pacific Properties in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Hudson Pacific Properties has an average rating of “Hold” and a consensus price target of $13.48.

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.