Hudson Pacific Properties (NYSE:HPP) Director Jon Bortz Purchases 25,000 Shares

Hudson Pacific Properties, Inc. (NYSE:HPP) Director Jon Bortz bought 25,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average cost of $13.40 per share, with a total value of $335,000.00. Following the transaction, the director directly owned 35,394 shares of the company’s stock, valued at approximately $474,279.60. This trade represents a 240.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Hudson Pacific Properties Stock Performance

HPP stock traded down $0.34 during midday trading on Tuesday, hitting $13.30. 666,194 shares of the company traded hands, compared to its average volume of 1,216,725. Hudson Pacific Properties, Inc. has a twelve month low of $5.26 and a twelve month high of $21.70. The stock has a market capitalization of $721.61 million, a price-to-earnings ratio of -1.50, a price-to-earnings-growth ratio of 1.10 and a beta of 1.90. The company has a quick ratio of 1.65, a current ratio of 1.11 and a debt-to-equity ratio of 1.33. The business has a 50 day simple moving average of $14.84 and a 200-day simple moving average of $10.44.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.90). The firm had revenue of $188.30 million during the quarter, compared to analyst estimates of $181.80 million. Hudson Pacific Properties had a negative return on equity of 20.76% and a negative net margin of 70.04%.Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. As a group, equities research analysts predict that Hudson Pacific Properties, Inc. will post 1.11 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Balyasny Asset Management L.P. boosted its stake in Hudson Pacific Properties by 122.4% during the second quarter. Balyasny Asset Management L.P. now owns 15,712,981 shares of the real estate investment trust’s stock worth $43,054,000 after buying an additional 8,646,463 shares in the last quarter. Conversant Capital LLC raised its stake in shares of Hudson Pacific Properties by 293.6% in the 2nd quarter. Conversant Capital LLC now owns 10,700,000 shares of the real estate investment trust’s stock valued at $29,318,000 after buying an additional 7,981,580 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Hudson Pacific Properties in the 2nd quarter valued at $102,830,000. Russell Investments Group Ltd. lifted its holdings in shares of Hudson Pacific Properties by 25.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,225,104 shares of the real estate investment trust’s stock worth $17,181,000 after acquiring an additional 1,245,435 shares during the period. Finally, UBS Group AG lifted its holdings in shares of Hudson Pacific Properties by 657.0% during the 3rd quarter. UBS Group AG now owns 5,617,697 shares of the real estate investment trust’s stock worth $15,505,000 after acquiring an additional 4,875,549 shares during the period. 97.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HPP has been the topic of several research analyst reports. Mizuho raised their price target on Hudson Pacific Properties from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Citigroup reissued a “neutral” rating and set a $13.00 price objective (up from $8.00) on shares of Hudson Pacific Properties in a research report on Thursday, May 14th. Cantor Fitzgerald increased their target price on Hudson Pacific Properties from $14.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday. BMO Capital Markets reaffirmed a “market perform” rating and issued a $16.00 target price (up from $8.00) on shares of Hudson Pacific Properties in a report on Monday, June 15th. Finally, Wall Street Zen downgraded Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research report on Saturday. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.40.

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.