Hudson Pacific Properties Sees Unusually High Options Volume (NYSE:HPP)

Hudson Pacific Properties, Inc. (NYSE:HPP) was the target of some unusual options trading on Wednesday. Investors bought 26,029 call options on the stock. This is an increase of approximately 983% compared to the average daily volume of 2,404 call options.

Hudson Pacific Properties Trading Down 3.7%

Shares of NYSE HPP traded down $0.59 during midday trading on Wednesday, hitting $15.45. The company’s stock had a trading volume of 140,742 shares, compared to its average volume of 1,299,715. The business’s 50 day moving average is $13.06 and its two-hundred day moving average is $9.68. Hudson Pacific Properties has a 12-month low of $5.26 and a 12-month high of $21.70. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.28. The firm has a market cap of $837.85 million, a P/E ratio of -1.53, a price-to-earnings-growth ratio of 1.31 and a beta of 1.89.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.92) by $0.10. The company had revenue of $181.85 million during the quarter, compared to analysts’ expectations of $175.12 million. Hudson Pacific Properties had a negative net margin of 67.89% and a negative return on equity of 19.05%. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. As a group, equities research analysts expect that Hudson Pacific Properties will post 1.05 EPS for the current year.

Analysts Set New Price Targets

HPP has been the subject of several research reports. BTIG Research reiterated a “buy” rating and issued a $26.00 price target on shares of Hudson Pacific Properties in a research note on Wednesday, May 6th. Zacks Research upgraded shares of Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd. BMO Capital Markets reiterated a “market perform” rating and set a $16.00 target price (up from $8.00) on shares of Hudson Pacific Properties in a report on Monday, June 15th. The Goldman Sachs Group reissued a “neutral” rating and issued a $12.00 price target (up from $7.50) on shares of Hudson Pacific Properties in a research report on Tuesday, May 19th. Finally, Piper Sandler restated a “neutral” rating and issued a $12.00 price target (up from $6.50) on shares of Hudson Pacific Properties in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Hudson Pacific Properties presently has an average rating of “Hold” and an average price target of $13.48.

Hedge Funds Weigh In On Hudson Pacific Properties

Several institutional investors have recently made changes to their positions in the company. Militia Capital Management LLC purchased a new stake in Hudson Pacific Properties in the first quarter worth about $1,904,000. Bank of America Corp DE raised its holdings in shares of Hudson Pacific Properties by 19.7% in the 1st quarter. Bank of America Corp DE now owns 288,272 shares of the real estate investment trust’s stock valued at $1,704,000 after purchasing an additional 47,463 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Hudson Pacific Properties by 61.8% in the 1st quarter. California State Teachers Retirement System now owns 82,344 shares of the real estate investment trust’s stock worth $487,000 after purchasing an additional 31,452 shares during the period. Quantinno Capital Management LP lifted its position in shares of Hudson Pacific Properties by 347.8% in the 1st quarter. Quantinno Capital Management LP now owns 184,034 shares of the real estate investment trust’s stock worth $1,088,000 after purchasing an additional 142,941 shares during the period. Finally, Saba Capital Management L.P. boosted its stake in shares of Hudson Pacific Properties by 49.8% during the first quarter. Saba Capital Management L.P. now owns 831,868 shares of the real estate investment trust’s stock valued at $4,916,000 after purchasing an additional 276,459 shares in the last quarter. Hedge funds and other institutional investors own 97.58% of the company’s stock.

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.