47,242 Shares in Hudson Pacific Properties, Inc. $HPP Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) in the second quarter, Holdings Channel reports. The firm bought 47,242 shares of the real estate investment trust’s stock, valued at approximately $718,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HPP. Resona Asset Management Co. Ltd. raised its position in shares of Hudson Pacific Properties by 8.4% in the first quarter. Resona Asset Management Co. Ltd. now owns 24,670 shares of the real estate investment trust’s stock valued at $147,000 after purchasing an additional 1,918 shares during the period. Allied Private Wealth LLC acquired a new stake in shares of Hudson Pacific Properties in the second quarter worth $33,000. Cetera Investment Advisers boosted its holdings in shares of Hudson Pacific Properties by 18.0% during the 1st quarter. Cetera Investment Advisers now owns 16,317 shares of the real estate investment trust’s stock worth $96,000 after buying an additional 2,485 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of Hudson Pacific Properties by 29.3% during the 1st quarter. Sanctuary Advisors LLC now owns 15,075 shares of the real estate investment trust’s stock worth $89,000 after buying an additional 3,414 shares during the period. Finally, State of Wyoming boosted its holdings in shares of Hudson Pacific Properties by 22.5% during the 1st quarter. State of Wyoming now owns 30,214 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 5,543 shares during the period. Institutional investors and hedge funds own 97.58% of the company’s stock.

Insider Transactions at Hudson Pacific Properties

In related news, Director Jon E. Bortz acquired 25,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were bought at an average price of $13.40 per share, for a total transaction of $335,000.00. Following the acquisition, the director owned 35,394 shares in the company, valued at $474,279.60. This trade represents a 240.52% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HPP. BTIG Research reiterated a “buy” rating and issued a $26.00 target price on shares of Hudson Pacific Properties in a research note on Wednesday, May 6th. Mizuho upped their price target on shares of Hudson Pacific Properties from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Zacks Research raised Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hudson Pacific Properties in a research report on Friday, May 29th. Finally, Citigroup reiterated a “neutral” rating and issued a $15.00 price objective (up from $13.00) on shares of Hudson Pacific Properties in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $15.57.

Hudson Pacific Properties Stock Down 2.2%

HPP opened at $14.50 on Friday. The business has a 50 day moving average of $14.78 and a 200-day moving average of $10.75. The stock has a market capitalization of $786.91 million, a price-to-earnings ratio of -1.64, a P/E/G ratio of 1.11 and a beta of 1.90. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.33. Hudson Pacific Properties, Inc. has a 1-year low of $5.26 and a 1-year high of $21.70.

Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.90). The company had revenue of $188.30 million for the quarter, compared to the consensus estimate of $181.80 million. Hudson Pacific Properties had a negative return on equity of 20.76% and a negative net margin of 70.04%.Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. As a group, sell-side analysts anticipate that Hudson Pacific Properties, Inc. will post 1.11 earnings per share for the current year.

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.