1,535,537 Shares in Hudson Pacific Properties, Inc. $HPP Bought by Wellington Management Group LLP

Wellington Management Group LLP purchased a new stake in Hudson Pacific Properties, Inc. (NYSE:HPP) in the 2nd quarter, HoldingsChannel reports. The fund purchased 1,535,537 shares of the real estate investment trust’s stock, valued at approximately $23,325,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Balyasny Asset Management L.P. raised its holdings in Hudson Pacific Properties by 122.4% during the second 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 holdings in shares of Hudson Pacific Properties by 293.6% during the second 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. BlackRock Inc. acquired a new position in shares of Hudson Pacific Properties during the second quarter valued at about $102,830,000. Russell Investments Group Ltd. increased its position in shares of Hudson Pacific Properties by 25.0% during the third quarter. Russell Investments Group Ltd. now owns 6,225,104 shares of the real estate investment trust’s stock worth $17,181,000 after acquiring an additional 1,245,435 shares in the last quarter. Finally, UBS Group AG increased its position in shares of Hudson Pacific Properties by 657.0% during the third 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. Institutional investors own 97.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Zacks Research raised shares of Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Bank of America reissued an “underperform” rating and set a $14.00 price objective on shares of Hudson Pacific Properties in a report on Tuesday, June 16th. Piper Sandler raised Hudson Pacific Properties from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $16.00 to $18.00 in a research note on Thursday, August 6th. Wells Fargo & Company restated an “overweight” rating and issued a $17.00 target price (up from $14.00) on shares of Hudson Pacific Properties in a report on Tuesday. Finally, Morgan Stanley set a $9.00 target price on Hudson Pacific Properties and gave the company an “underweight” rating in a research report on Wednesday, July 22nd. One 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 company. Based on data from MarketBeat.com, Hudson Pacific Properties presently has an average rating of “Hold” and a consensus target price of $15.82.

Insider Buying and Selling

In other Hudson Pacific Properties news, Director Jon Bortz acquired 25,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of $13.40 per share, with a total value of $335,000.00. Following the completion of the transaction, the director owned 35,394 shares in the company, valued at approximately $474,279.60. This trade represents a 240.52% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.47% of the company’s stock.

Hudson Pacific Properties Trading Down 0.9%

NYSE:HPP opened at $12.63 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $685.42 million, a price-to-earnings ratio of -1.43, a price-to-earnings-growth ratio of 1.17 and a beta of 1.89. Hudson Pacific Properties, Inc. has a 52 week low of $5.26 and a 52 week high of $21.70. The firm has a 50-day moving average price of $14.57 and a two-hundred day moving average price of $11.16.

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 for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.90). The business had revenue of $188.30 million during the quarter, compared to analysts’ expectations 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. On average, equities analysts expect that Hudson Pacific Properties, Inc. will post 1.12 earnings per share for the current fiscal 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.