Public Employees Retirement System of Ohio Purchases New Shares in Hudson Pacific Properties, Inc. $HPP

Public Employees Retirement System of Ohio acquired a new stake in Hudson Pacific Properties, Inc. (NYSE:HPP) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 64,938 shares of the real estate investment trust’s stock, valued at approximately $986,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Corient Private Wealth LP acquired a new stake in shares of Hudson Pacific Properties in the second quarter valued at $214,000. Parallax Volatility Advisers L.P. acquired a new position in Hudson Pacific Properties during the 2nd quarter worth about $2,167,000. Bank of America Corp DE acquired a new position in Hudson Pacific Properties during the 2nd quarter worth about $5,138,000. Hsbc Holdings PLC bought a new stake in Hudson Pacific Properties during the 2nd quarter worth about $1,602,000. Finally, Legal & General Group Plc bought a new stake in Hudson Pacific Properties during the 2nd quarter worth about $80,000. Institutional investors and hedge funds own 97.58% of the company’s stock.

Insider Transactions at Hudson Pacific Properties

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

Hudson Pacific Properties Stock Performance

Hudson Pacific Properties stock opened at $12.13 on Wednesday. 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 $21.56. The company has a market cap of $658.28 million, a PE ratio of -1.37, a PEG ratio of 1.17 and a beta of 1.89. The company’s 50-day moving average is $14.45 and its two-hundred day moving average is $11.28.

Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.72) by ($0.90). The business had revenue of $188.30 million during the quarter, compared to the consensus estimate of $181.80 million. Hudson Pacific Properties had a negative net margin of 70.04% and a negative return on equity of 20.76%. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. Equities analysts anticipate that Hudson Pacific Properties, Inc. will post 1.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Cantor Fitzgerald boosted their target price on shares of Hudson Pacific Properties from $14.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Morgan Stanley set a $9.00 price target on shares of Hudson Pacific Properties and gave the company an “underweight” rating in a report on Wednesday, July 22nd. Bank of America restated an “underperform” rating and issued a $14.00 price objective on shares of Hudson Pacific Properties in a research report on Tuesday, June 16th. Citigroup reaffirmed a “neutral” rating and set a $15.00 price objective (up from $13.00) on shares of Hudson Pacific Properties in a report on Thursday, August 13th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $17.00 price objective (up from $14.00) on shares of Hudson Pacific Properties in a research report on Tuesday, September 1st. One research 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 issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $15.82.

Hudson Pacific Properties 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.