Parallax Volatility Advisers L.P. purchased a new position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 142,647 shares of the real estate investment trust’s stock, valued at approximately $2,167,000. Parallax Volatility Advisers L.P. owned about 0.26% of Hudson Pacific Properties at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Allied Private Wealth LLC acquired a new stake in shares of Hudson Pacific Properties during the second quarter worth about $33,000. Allworth Financial LP purchased a new position in shares of Hudson Pacific Properties in the 2nd quarter worth about $67,000. Legal & General Group Plc acquired a new stake in Hudson Pacific Properties during the 2nd quarter worth approximately $80,000. Evergreen Capital Management LLC purchased a new position in Hudson Pacific Properties in the second quarter valued at approximately $28,000. Finally, Orion Porfolio Solutions LLC acquired a new position in Hudson Pacific Properties during the third quarter valued at approximately $28,000. Institutional investors and hedge funds own 97.58% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $16.00 target price on shares of Hudson Pacific Properties in a research note on Monday, August 10th. Piper Sandler raised Hudson Pacific Properties from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $16.00 to $18.00 in a research report on Thursday, August 6th. Wells Fargo & Company upped their target price on Hudson Pacific Properties from $13.50 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Mizuho increased their target price on Hudson Pacific Properties from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. 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 research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.57.
Hudson Pacific Properties Trading Down 4.0%
Shares of HPP opened at $14.32 on Thursday. Hudson Pacific Properties, Inc. has a one year low of $5.26 and a one year high of $21.70. The stock has a 50-day moving average price of $14.80 and a 200 day moving average price of $10.90. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $777.15 million, a P/E ratio of -1.62, a P/E/G ratio of 1.14 and a beta of 1.90.
Hudson Pacific Properties (NYSE:HPP – Get Free Report) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.90). The business had revenue of $188.30 million during the quarter, compared to analyst estimates 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. Sell-side analysts forecast that Hudson Pacific Properties, Inc. will post 1.11 EPS for the current fiscal year.
Insider Transactions at Hudson Pacific Properties
In related news, Director Jon E. Bortz purchased 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average cost of $13.40 per share, with a total value of $335,000.00. Following the completion of the acquisition, the director directly owned 35,394 shares of the company’s stock, valued at approximately $474,279.60. The trade was a 240.52% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.47% of the stock is owned by corporate insiders.
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.
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