Hudson Pacific Properties (NYSE:HPP) CEO Purchases $182,000.00 in Stock

Hudson Pacific Properties, Inc. (NYSE:HPP) CEO Victor Coleman bought 20,000 shares of the business’s stock in a transaction on Tuesday, November 10th. The stock was purchased at an average cost of $9.10 per share, for a total transaction of $182,000.00. Following the transaction, the chief executive officer owned 121,663 shares of the company’s stock, valued at $1,107,133.30. This trade represents a 19.67% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hudson Pacific Properties Trading Up 2.0%

Shares of HPP traded up $0.17 during midday trading on Thursday, hitting $8.81. 626,994 shares of the stock were exchanged, compared to its average volume of 1,000,553. Hudson Pacific Properties, Inc. has a 52-week low of $5.26 and a 52-week high of $17.20. The stock has a fifty day simple moving average of $11.02 and a 200 day simple moving average of $10.89. The firm has a market cap of $478.38 million, a P/E ratio of -0.87, a P/E/G ratio of 0.54 and a beta of 2.02. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.11 and a current ratio of 1.33.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.73) by $1.01. The business had revenue of $180.89 million during the quarter, compared to analysts’ expectations of $181.62 million. Hudson Pacific Properties had a negative return on equity of 25.07% and a negative net margin of 80.01%. Hudson Pacific Properties has set its FY 2026 guidance at 1.150-1.210 EPS. On average, research analysts anticipate that Hudson Pacific Properties, Inc. will post 1.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HPP has been the subject of a number of research analyst reports. Piper Sandler cut Hudson Pacific Properties from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $15.00 to $13.00 in a report on Monday, October 19th. Mizuho boosted their price target on shares of Hudson Pacific Properties from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Zacks Research cut shares of Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Hudson Pacific Properties in a research note on Wednesday, August 26th. Finally, Cantor Fitzgerald raised their price objective on shares of Hudson Pacific Properties from $14.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.27.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Hudson Pacific Properties during the 2nd quarter worth $102,830,000. Valueworks LLC increased its holdings in Hudson Pacific Properties by 7.4% during the 3rd quarter. Valueworks LLC now owns 1,814,442 shares of the real estate investment trust’s stock worth $20,939,000 after purchasing an additional 124,743 shares during the period. Wellington Management Group LLP acquired a new stake in Hudson Pacific Properties in the 2nd quarter valued at about $23,325,000. Saba Capital Management L.P. raised its position 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. Finally, Dimensional Fund Advisors LP raised its position 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. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties is a real estate investment trust that owns, operates and develops office and studio properties. Its office buildings serve businesses in sectors such as technology, media and entertainment, while its studio facilities provide sound stages and production space for film and television work. The company’s properties are concentrated in major West Coast markets, including Los Angeles, the San Francisco Bay Area and Seattle, as well as Vancouver, British Columbia. Its studio platform, Sunset Studios, supports production activity with purpose-built facilities and related services.