Hudson Pacific Properties, Inc. $HPP Shares Sold by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co reduced its position in Hudson Pacific Properties, Inc. (NYSE:HPP) by 85.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,285 shares of the real estate investment trust’s stock after selling 139,715 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Hudson Pacific Properties were worth $252,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. AQR Capital Management LLC raised its holdings in Hudson Pacific Properties by 140.3% in the first quarter. AQR Capital Management LLC now owns 348,203 shares of the real estate investment trust’s stock valued at $1,027,000 after buying an additional 203,283 shares during the period. Caxton Associates LLP purchased a new position in shares of Hudson Pacific Properties in the 1st quarter valued at $82,000. Strs Ohio acquired a new position in shares of Hudson Pacific Properties during the 1st quarter valued at $73,000. Creative Planning boosted its position in Hudson Pacific Properties by 25.8% during the 2nd quarter. Creative Planning now owns 46,095 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 9,467 shares during the period. Finally, Cetera Investment Advisers purchased a new stake in Hudson Pacific Properties during the 2nd quarter worth $62,000. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Stock Down 0.6%

Shares of Hudson Pacific Properties stock opened at $11.99 on Friday. Hudson Pacific Properties, Inc. has a 1-year low of $5.26 and a 1-year high of $21.70. The company has a market capitalization of $650.34 million, a PE ratio of -1.19, a P/E/G ratio of 0.97 and a beta of 1.86. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.65 and a quick ratio of 1.65. The business has a 50-day moving average of $8.54 and a 200-day moving average of $9.47.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) EPS for the quarter, topping the consensus estimate 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 business had revenue of $181.85 million for the quarter, compared to analysts’ expectations of $175.12 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. As a group, equities analysts forecast that Hudson Pacific Properties, Inc. will post 1.06 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on HPP. Citigroup reissued a “neutral” rating and issued a $13.00 price objective (up from $8.00) on shares of Hudson Pacific Properties in a research report on Thursday, May 14th. Wells Fargo & Company lowered their target price on Hudson Pacific Properties from $18.20 to $13.50 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Zacks Research raised Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 3rd. The Goldman Sachs Group restated a “neutral” rating and issued a $12.00 price target (up from $7.50) on shares of Hudson Pacific Properties in a report on Tuesday, May 19th. Finally, Cantor Fitzgerald lowered their price objective on shares of 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. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $14.78.

Hudson Pacific Properties Company 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.