Hudson Pacific Properties, Inc. $HPP Shares Acquired by Whitebox Advisors LLC

Whitebox Advisors LLC increased its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 1,618.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,080 shares of the real estate investment trust’s stock after buying an additional 178,077 shares during the period. Whitebox Advisors LLC’s holdings in Hudson Pacific Properties were worth $1,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Evergreen Capital Management LLC purchased a new stake in Hudson Pacific Properties in the 2nd quarter worth $28,000. Orion Porfolio Solutions LLC purchased a new position in Hudson Pacific Properties during the third quarter valued at $28,000. United Capital Financial Advisors LLC purchased a new position in Hudson Pacific Properties during the third quarter valued at $30,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Hudson Pacific Properties in the third quarter valued at about $32,000. Finally, US Bancorp DE grew its position in shares of Hudson Pacific Properties by 196.2% in the third quarter. US Bancorp DE now owns 12,485 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 8,270 shares during the period. Institutional investors and hedge funds own 97.58% of the company’s stock.

Hudson Pacific Properties Trading Down 0.9%

HPP opened at $15.24 on Monday. 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 company’s 50 day simple moving average is $14.26 and its two-hundred day simple moving average is $10.11. Hudson Pacific Properties, Inc. has a 1-year low of $5.26 and a 1-year high of $21.70. The firm has a market capitalization of $826.89 million, a price-to-earnings ratio of -1.51, a price-to-earnings-growth ratio of 1.14 and a beta of 1.89.

Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share for the quarter, topping the consensus estimate of ($0.92) by $0.10. The business had revenue of $181.85 million for the quarter, compared to analysts’ expectations of $175.12 million. Hudson Pacific Properties had a negative return on equity of 19.05% and a negative net margin of 67.89%.Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. Analysts expect that Hudson Pacific Properties, Inc. will post 1.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HPP has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of Hudson Pacific Properties from $13.50 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Bank of America reiterated an “underperform” rating and issued a $14.00 price objective on shares of Hudson Pacific Properties in a report on Tuesday, June 16th. BMO Capital Markets reiterated a “market perform” rating and set a $16.00 price objective (up from $8.00) on shares of Hudson Pacific Properties in a research note on Monday, June 15th. Wall Street Zen raised Hudson Pacific Properties from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Piper Sandler increased their target price on Hudson Pacific Properties from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $14.32.

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.