Jon Bortz Acquires 25,000 Shares of Hudson Pacific Properties (NYSE:HPP) Stock

Hudson Pacific Properties, Inc. (NYSE:HPP) Director Jon Bortz acquired 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average price of $13.40 per share, with a total value of $335,000.00. Following the completion of the transaction, the director directly owned 35,394 shares in the company, valued at approximately $474,279.60. The trade was a 240.52% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Hudson Pacific Properties Price Performance

Shares of NYSE:HPP opened at $14.29 on Thursday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.65 and a current ratio of 1.11. The business’s fifty day moving average price is $14.85 and its two-hundred day moving average price is $10.50. The stock has a market cap of $775.52 million, a PE ratio of -1.61, a price-to-earnings-growth ratio of 1.02 and a beta of 1.90. Hudson Pacific Properties, Inc. has a one year low of $5.26 and a one year high of $21.70.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.90). Hudson Pacific Properties had a negative return on equity of 20.76% and a negative net margin of 70.04%.The company had revenue of $188.30 million during the quarter, compared to analyst estimates of $181.80 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. On average, analysts forecast that Hudson Pacific Properties, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on HPP shares. Cantor Fitzgerald raised their price target on shares of Hudson Pacific Properties from $14.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Citigroup reissued a “neutral” rating and issued a $13.00 price objective (up from $8.00) on shares of Hudson Pacific Properties in a research report on Thursday, May 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Hudson Pacific Properties in a research note on Friday, May 29th. BTIG Research restated a “buy” rating and set a $26.00 target price on shares of Hudson Pacific Properties in a research report on Wednesday, May 6th. Finally, Zacks Research raised shares of Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $15.40.

Hedge Funds Weigh In On Hudson Pacific Properties

Large investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Hudson Pacific Properties in the 2nd quarter valued at about $413,000. Landscape Capital Management L.L.C. acquired a new stake in Hudson Pacific Properties during the 2nd quarter worth approximately $271,000. Ieq Capital LLC purchased a new position in Hudson Pacific Properties in the second quarter valued at approximately $3,773,000. Allworth Financial LP purchased a new position in Hudson Pacific Properties in the second quarter valued at approximately $67,000. Finally, BlackRock Inc. acquired a new position in Hudson Pacific Properties during the second quarter valued at approximately $102,830,000. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

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.