Zurcher Kantonalbank Zurich Cantonalbank Reduces Stock Holdings in Hudson Pacific Properties, Inc. $HPP

Zurcher Kantonalbank Zurich Cantonalbank lowered its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 85.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,918 shares of the real estate investment trust’s stock after selling 59,509 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hudson Pacific Properties were worth $107,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. bought a new stake in Hudson Pacific Properties during the third quarter valued at approximately $584,000. Kettle Hill Capital Management LLC raised its position in Hudson Pacific Properties by 436.7% in the third quarter. Kettle Hill Capital Management LLC now owns 4,558,816 shares of the real estate investment trust’s stock worth $12,582,000 after acquiring an additional 3,709,391 shares during the period. Oasis Management Co Ltd. purchased a new position in shares of Hudson Pacific Properties during the 3rd quarter worth $1,049,000. Vanguard Group Inc. boosted its stake in shares of Hudson Pacific Properties by 14.3% during the 3rd quarter. Vanguard Group Inc. now owns 38,453,976 shares of the real estate investment trust’s stock worth $106,133,000 after acquiring an additional 4,815,234 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Hudson Pacific Properties by 38.1% during 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 acquiring an additional 1,192,974 shares during the period. Institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Stock Up 8.1%

Shares of HPP stock opened at $9.77 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.78 and a quick ratio of 1.78. Hudson Pacific Properties, Inc. has a one year low of $5.26 and a one year high of $21.70. The company’s fifty day moving average price is $6.86 and its 200-day moving average price is $10.24. The company has a market capitalization of $529.65 million, a price-to-earnings ratio of -0.75, a PEG ratio of 0.94 and a beta of 1.86.

Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Thursday, February 26th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. Hudson Pacific Properties had a negative net margin of 69.12% and a negative return on equity of 19.89%. The company had revenue of $256.03 million during the quarter, compared to the consensus estimate of $168.02 million. Hudson Pacific Properties has set its FY 2026 guidance at 0.960-1.060 EPS. Sell-side analysts expect that Hudson Pacific Properties, Inc. will post 1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on HPP. The Goldman Sachs Group set a $14.50 target price on Hudson Pacific Properties and gave the stock a “neutral” rating in a report on Thursday, January 29th. Morgan Stanley cut their price target 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. Zacks Research upgraded Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 3rd. Wall Street Zen raised Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Cantor Fitzgerald lowered their price objective on Hudson Pacific Properties from $13.00 to $10.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.11.

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.