Hsbc Holdings PLC Makes New $370,000 Investment in Hudson Pacific Properties, Inc. $HPP

Hsbc Holdings PLC purchased a new stake in Hudson Pacific Properties, Inc. (NYSE:HPP) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 60,227 shares of the real estate investment trust’s stock, valued at approximately $370,000. Hsbc Holdings PLC owned approximately 0.11% of Hudson Pacific Properties as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. lifted its position in shares of Hudson Pacific Properties by 122.4% during the 2nd 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 during the last quarter. Conversant Capital LLC grew its position 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 during the last quarter. Russell Investments Group Ltd. grew its position in shares of Hudson Pacific Properties by 25.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 6,225,104 shares of the real estate investment trust’s stock valued at $17,181,000 after buying an additional 1,245,435 shares during the last quarter. UBS Group AG raised its stake in 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 in the last quarter. Finally, Sei Investments Co. raised its stake in Hudson Pacific Properties by 18,343.2% during the 2nd quarter. Sei Investments Co. now owns 5,571,688 shares of the real estate investment trust’s stock worth $15,266,000 after acquiring an additional 5,541,478 shares in the last quarter. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on HPP shares. BTIG Research reaffirmed a “buy” rating and set a $26.00 price target on shares of Hudson Pacific Properties in a research report on Wednesday, May 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Hudson Pacific Properties in a report on Friday, May 29th. Morgan Stanley set a $9.00 target price on shares of Hudson Pacific Properties and gave the stock an “underweight” rating in a research report on Wednesday, July 22nd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $12.00 target price (up from $7.50) on shares of Hudson Pacific Properties in a report on Tuesday, May 19th. Finally, Zacks Research downgraded shares of Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.32.

Hudson Pacific Properties Stock Down 2.5%

Hudson Pacific Properties stock opened at $13.76 on Friday. The stock has a 50 day moving average of $14.57 and a two-hundred day moving average of $10.25. 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 $746.51 million, a price-to-earnings ratio of -1.36, a PEG ratio of 1.02 and a beta of 1.89. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.28.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $175.12 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. As a group, research analysts expect that Hudson Pacific Properties, Inc. will post 1.14 earnings per share for the current year.

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.