Valueworks LLC Invests $25.67 Million in Hudson Pacific Properties, Inc. $HPP

Valueworks LLC acquired a new stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,689,699 shares of the real estate investment trust’s stock, valued at approximately $25,667,000. Hudson Pacific Properties makes up 5.4% of Valueworks LLC’s investment portfolio, making the stock its 3rd largest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. Militia Capital Management LLC bought a new stake in Hudson Pacific Properties in the 1st quarter valued at $1,904,000. Whitebox Advisors LLC increased its holdings in Hudson Pacific Properties by 1,618.4% during the 1st quarter. Whitebox Advisors LLC now owns 189,080 shares of the real estate investment trust’s stock worth $1,117,000 after purchasing an additional 178,077 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Hudson Pacific Properties by 14.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 705,984 shares of the real estate investment trust’s stock worth $4,172,000 after purchasing an additional 89,787 shares in the last quarter. Saba Capital Management L.P. raised its stake in shares of Hudson Pacific Properties by 49.8% in the 1st quarter. Saba Capital Management L.P. now owns 831,868 shares of the real estate investment trust’s stock valued at $4,916,000 after purchasing an additional 276,459 shares during the period. Finally, Quantinno Capital Management LP raised its stake in shares of Hudson Pacific Properties by 347.8% in the 1st quarter. Quantinno Capital Management LP now owns 184,034 shares of the real estate investment trust’s stock valued at $1,088,000 after purchasing an additional 142,941 shares during the period. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hudson Pacific Properties

In related news, Director Jon E. Bortz purchased 25,000 shares of the stock in a transaction on Tuesday, August 11th. The shares were purchased at an average price of $13.40 per share, with a total value of $335,000.00. Following the transaction, the director directly owned 35,394 shares of the company’s stock, valued at $474,279.60. This trade represents a 240.52% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.47% of the stock is owned by company insiders.

Hudson Pacific Properties Trading Down 4.6%

Hudson Pacific Properties stock opened at $13.63 on Friday. The firm has a 50-day moving average of $14.78 and a 200-day moving average of $10.94. Hudson Pacific Properties, Inc. has a one year low of $5.26 and a one year high of $21.70. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $739.54 million, a price-to-earnings ratio of -1.54, a P/E/G ratio of 1.09 and a beta of 1.90.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HPP. BTIG Research restated a “buy” rating and issued a $26.00 price target on shares of Hudson Pacific Properties in a report on Wednesday, May 6th. Bank of America reissued an “underperform” rating and issued a $14.00 target price 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 note on Wednesday. Cantor Fitzgerald boosted their target price on Hudson Pacific Properties from $14.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Morgan Stanley set a $9.00 price target on Hudson Pacific Properties and gave the stock an “underweight” rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.57.

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.