Hudson Pacific Properties (NYSE:HPP) Stock: Insider Jon Bortz Purchases 40,000 Shares

Hudson Pacific Properties, Inc. (NYSE:HPP) Director Jon Bortz bought 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The shares were acquired at an average cost of $9.03 per share, with a total value of $361,200.00. Following the completion of the purchase, the director owned 100,394 shares of the company’s stock, valued at approximately $906,557.82. The trade was a 66.23% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Hudson Pacific Properties Price Performance

NYSE:HPP traded up $0.17 during trading hours on Thursday, reaching $8.81. 626,994 shares of the company’s stock were exchanged, compared to its average volume of 1,000,553. The company has a quick ratio of 1.11, a current ratio of 1.33 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $478.38 million, a P/E ratio of -0.87, a price-to-earnings-growth ratio of 0.54 and a beta of 2.02. Hudson Pacific Properties, Inc. has a 12 month low of $5.26 and a 12 month high of $17.20. The business’s 50-day simple moving average is $11.02 and its two-hundred day simple moving average is $10.89.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings results on Thursday, November 5th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.73) by $1.01. The company had revenue of $180.89 million for the quarter, compared to analysts’ expectations of $181.62 million. Hudson Pacific Properties had a negative return on equity of 25.07% and a negative net margin of 80.01%. Hudson Pacific Properties has set its FY 2026 guidance at 1.150-1.210 EPS. Sell-side analysts expect that Hudson Pacific Properties, Inc. will post 1.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HPP shares. Mizuho lifted their price target on Hudson Pacific Properties from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Cantor Fitzgerald upped their price objective on shares of Hudson Pacific Properties from $14.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Wall Street Zen lowered shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research note on Sunday, September 20th. Wells Fargo & Company reiterated an “overweight” rating and issued a $17.00 target price (up from $14.00) on shares of Hudson Pacific Properties in a report on Tuesday, September 1st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Hudson Pacific Properties in a research report on Wednesday, August 26th. Three analysts have rated the stock with a Buy rating, seven have given 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 price target of $15.27.

Institutional Investors Weigh In On Hudson Pacific Properties

A number of institutional investors have recently bought and sold shares of the business. IFP Advisors Inc lifted its position in shares of Hudson Pacific Properties by 4,560.0% in the second quarter. IFP Advisors Inc now owns 1,631 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,596 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of Hudson Pacific Properties by 66.3% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 4,300 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,715 shares during the period. Resona Asset Management Co. Ltd. grew its position in Hudson Pacific Properties by 8.4% during the first quarter. Resona Asset Management Co. Ltd. now owns 24,670 shares of the real estate investment trust’s stock valued at $147,000 after purchasing an additional 1,918 shares in the last quarter. Allied Private Wealth LLC purchased a new position in Hudson Pacific Properties during the second quarter valued at approximately $33,000. Finally, Cetera Investment Advisers grew its position in Hudson Pacific Properties by 18.0% during the first quarter. Cetera Investment Advisers now owns 16,317 shares of the real estate investment trust’s stock valued at $96,000 after purchasing an additional 2,485 shares in the last quarter. 97.58% of the stock is currently owned by institutional investors and hedge funds.

About Hudson Pacific Properties

Hudson Pacific Properties is a real estate investment trust that owns, operates and develops office and studio properties. Its office buildings serve businesses in sectors such as technology, media and entertainment, while its studio facilities provide sound stages and production space for film and television work. The company’s properties are concentrated in major West Coast markets, including Los Angeles, the San Francisco Bay Area and Seattle, as well as Vancouver, British Columbia. Its studio platform, Sunset Studios, supports production activity with purpose-built facilities and related services.