Hudson Pacific Properties, Inc. $HPP Holdings Trimmed by Sanctuary Advisors LLC

Sanctuary Advisors LLC lowered its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 83.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,661 shares of the real estate investment trust’s stock after selling 58,365 shares during the period. Sanctuary Advisors LLC’s holdings in Hudson Pacific Properties were worth $126,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. acquired a new position in shares of Hudson Pacific Properties in the 3rd quarter valued at $584,000. Kettle Hill Capital Management LLC boosted its position in shares of Hudson Pacific Properties by 436.7% in the 3rd quarter. Kettle Hill Capital Management LLC now owns 4,558,816 shares of the real estate investment trust’s stock valued at $12,582,000 after purchasing an additional 3,709,391 shares during the period. Oasis Management Co Ltd. acquired a new position in shares of Hudson Pacific Properties in the 3rd quarter valued at $1,049,000. Vanguard Group Inc. boosted its position in shares of Hudson Pacific Properties by 14.3% in the 3rd quarter. Vanguard Group Inc. now owns 38,453,976 shares of the real estate investment trust’s stock valued at $106,133,000 after purchasing an additional 4,815,234 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Hudson Pacific Properties by 38.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,320,823 shares of the real estate investment trust’s stock valued at $11,925,000 after purchasing an additional 1,192,974 shares during the period. Institutional investors and hedge funds own 97.58% of the company’s stock.

Hudson Pacific Properties Stock Down 2.8%

HPP opened at $11.60 on Thursday. Hudson Pacific Properties, Inc. has a fifty-two week low of $5.26 and a fifty-two week high of $21.70. The business has a 50-day moving average of $7.40 and a 200-day moving average of $9.95. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.65 and a quick ratio of 1.78. The company has a market capitalization of $629.35 million, a PE ratio of -1.15, a price-to-earnings-growth ratio of 0.89 and a beta of 1.86.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share for the quarter, topping 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 company 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. Equities research analysts forecast that Hudson Pacific Properties, Inc. will post 1.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Wall Street Zen upgraded Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Morgan Stanley decreased their price objective on Hudson Pacific Properties from $8.00 to $5.00 and set an “underweight” rating for the company in a research report on Tuesday, March 31st. Piper Sandler decreased their price objective on Hudson Pacific Properties from $8.00 to $6.50 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. BMO Capital Markets restated a “market perform” rating on shares of Hudson Pacific Properties in a research report on Thursday, February 26th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $14.11.

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.