Nomura Asset Management Co. Ltd. lessened its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP – Free Report) by 85.7% in the fourth quarter, HoldingsChannel reports. The fund owned 81,970 shares of the real estate investment trust’s stock after selling 491,830 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Hudson Pacific Properties were worth $888,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Evergreen Capital Management LLC acquired a new position in Hudson Pacific Properties during the 2nd quarter worth $28,000. Orion Porfolio Solutions LLC acquired a new position in Hudson Pacific Properties during the 3rd quarter worth $28,000. United Capital Financial Advisors LLC acquired a new position in Hudson Pacific Properties during the 3rd quarter worth $30,000. Integrated Wealth Concepts LLC acquired a new position in Hudson Pacific Properties during the 3rd quarter worth $32,000. Finally, Cullen Capital Management LLC acquired a new position in Hudson Pacific Properties during the 3rd quarter worth $33,000. Institutional investors and hedge funds own 97.58% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on HPP. The Goldman Sachs Group reiterated a “neutral” rating and set a $12.00 price target (up from $7.50) on shares of Hudson Pacific Properties in a research report on Tuesday, May 19th. Wall Street Zen lowered Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Cantor Fitzgerald reduced their price target on Hudson Pacific Properties from $13.00 to $10.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Zacks Research upgraded Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd. Finally, Morgan Stanley cut their price objective on Hudson Pacific Properties from $8.00 to $5.00 and set an “underweight” rating for the company in a report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $14.82.
Hudson Pacific Properties Trading Down 1.3%
Shares of Hudson Pacific Properties stock opened at $13.77 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.28. The firm has a market cap of $746.70 million, a price-to-earnings ratio of -1.36, a price-to-earnings-growth ratio of 1.12 and a beta of 1.94. The business has a fifty day simple moving average of $9.29 and a 200-day simple moving average of $9.40. Hudson Pacific Properties, Inc. has a fifty-two week low of $5.26 and a fifty-two week high of $21.70.
Hudson Pacific Properties (NYSE:HPP – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share for the quarter, beating the consensus estimate of ($0.92) by $0.10. The business had revenue of $181.85 million during the quarter, compared to analyst estimates of $175.12 million. Hudson Pacific Properties had a negative return on equity of 19.05% and a negative net margin of 67.89%.Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. On average, equities analysts forecast that Hudson Pacific Properties, Inc. will post 1.06 EPS for the current fiscal year.
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.
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