248,384 Shares in Hudson Pacific Properties, Inc. $HPP Acquired by Ieq Capital LLC

Ieq Capital LLC purchased a new stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) during the second quarter, HoldingsChannel reports. The institutional investor purchased 248,384 shares of the real estate investment trust’s stock, valued at approximately $3,773,000.

Several other institutional investors also recently bought and sold shares of HPP. Whitebox Advisors LLC lifted its holdings in shares of Hudson Pacific Properties by 1,618.4% during the 1st quarter. Whitebox Advisors LLC now owns 189,080 shares of the real estate investment trust’s stock valued at $1,117,000 after acquiring an additional 178,077 shares in the last quarter. Militia Capital Management LLC purchased a new stake in Hudson Pacific Properties during the 1st quarter worth $1,904,000. Saba Capital Management L.P. increased its holdings in Hudson Pacific Properties by 49.8% in the 1st quarter. Saba Capital Management L.P. now owns 831,868 shares of the real estate investment trust’s stock valued at $4,916,000 after purchasing an additional 276,459 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Hudson Pacific Properties by 14.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 705,984 shares of the real estate investment trust’s stock valued at $4,172,000 after purchasing an additional 89,787 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in Hudson Pacific Properties by 347.8% in the first quarter. Quantinno Capital Management LP now owns 184,034 shares of the real estate investment trust’s stock valued at $1,088,000 after purchasing an additional 142,941 shares during the period. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Pacific Properties Price Performance

Shares of NYSE HPP opened at $14.73 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.33. Hudson Pacific Properties, Inc. has a fifty-two week low of $5.26 and a fifty-two week high of $21.70. The business has a 50 day moving average price of $14.77 and a two-hundred day moving average price of $10.81. The firm has a market cap of $799.40 million, a PE ratio of -1.66, a price-to-earnings-growth ratio of 1.11 and a beta of 1.90.

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

Insider Buying and Selling

In related news, Director Jon E. 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, for a total transaction of $335,000.00. Following the purchase, the director directly owned 35,394 shares of the company’s stock, valued at $474,279.60. The trade was a 240.52% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.47% of the stock is owned by company insiders.

Analyst Ratings Changes

HPP has been the topic of a number of recent research reports. BTIG Research restated a “buy” rating and set a $26.00 price objective on shares of Hudson Pacific Properties in a research note on Wednesday, May 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Hudson Pacific Properties in a report on Friday, May 29th. Citigroup reissued a “neutral” rating and set a $15.00 price target (up from $13.00) on shares of Hudson Pacific Properties in a research report on Thursday, August 13th. Mizuho upped their price target on Hudson Pacific Properties from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Finally, Wall Street Zen downgraded shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. 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 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 $15.57.

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.