Cohen & Steers Inc. Sells 51,296,327 Shares of Hudson Pacific Properties, Inc. $HPP

Cohen & Steers Inc. reduced its stake in Hudson Pacific Properties, Inc. (NYSE:HPP) by 84.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,368,392 shares of the real estate investment trust’s stock after selling 51,296,327 shares during the quarter. Cohen & Steers Inc. owned about 0.17% of Hudson Pacific Properties worth $101,466,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of HPP. Evergreen Capital Management LLC acquired a new position in shares of Hudson Pacific Properties during the 2nd quarter worth approximately $28,000. Orion Porfolio Solutions LLC acquired a new position in shares of Hudson Pacific Properties during the 3rd quarter worth approximately $28,000. United Capital Financial Advisors LLC acquired a new position in shares of Hudson Pacific Properties during the 3rd quarter worth approximately $30,000. Integrated Wealth Concepts LLC acquired a new position in shares of Hudson Pacific Properties during the 3rd quarter worth approximately $32,000. Finally, US Bancorp DE grew its position in shares of Hudson Pacific Properties by 196.2% during the 3rd quarter. US Bancorp DE now owns 12,485 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 8,270 shares in the last quarter. 97.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on HPP shares. Weiss Ratings restated a “sell (d)” rating on shares of Hudson Pacific Properties in a research report on Friday, May 29th. Piper Sandler reiterated a “neutral” rating and set a $12.00 price target (up from $6.50) on shares of Hudson Pacific Properties in a research report on Thursday, May 28th. Jefferies Financial Group set a $8.00 target price on shares of Hudson Pacific Properties and gave the company a “hold” rating in a research report on Friday, March 6th. BTIG Research restated a “buy” rating and issued a $26.00 target price on shares of Hudson Pacific Properties in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company raised their price target on shares of Hudson Pacific Properties from $13.50 to $14.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Hudson Pacific Properties presently has a consensus rating of “Hold” and a consensus price target of $14.82.

Hudson Pacific Properties Price Performance

Shares of NYSE HPP opened at $15.27 on Friday. Hudson Pacific Properties, Inc. has a twelve month low of $5.26 and a twelve month high of $21.70. The firm has a fifty day simple moving average of $10.23 and a 200 day simple moving average of $9.47. The company has a market capitalization of $828.03 million, a PE ratio of -1.51, a P/E/G ratio of 1.22 and a beta of 1.94. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.28.

Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.10. Hudson Pacific Properties had a negative net margin of 67.89% and a negative return on equity of 19.05%. The business had revenue of $181.85 million during the quarter, compared to the consensus estimate of $175.12 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. On average, sell-side analysts forecast that Hudson Pacific Properties, Inc. will post 1.06 EPS for the current 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.