Vanguard Group Inc. Buys 4,815,234 Shares of Hudson Pacific Properties, Inc. $HPP

Vanguard Group Inc. lifted its stake in Hudson Pacific Properties, Inc. (NYSE:HPP) by 14.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 38,453,976 shares of the real estate investment trust’s stock after acquiring an additional 4,815,234 shares during the period. Vanguard Group Inc. owned about 0.10% of Hudson Pacific Properties worth $106,133,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. acquired a new stake in shares of Hudson Pacific Properties during the 3rd quarter worth approximately $584,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Hudson Pacific Properties by 147.4% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 242,512 shares of the real estate investment trust’s stock worth $664,000 after purchasing an additional 144,500 shares during the period. Resona Asset Management Co. Ltd. lifted its position in Hudson Pacific Properties by 116.5% in the second quarter. Resona Asset Management Co. Ltd. now owns 135,349 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 72,846 shares during the period. Versor Investments LP acquired a new stake in Hudson Pacific Properties during the second quarter worth $64,000. Finally, Vestmark Advisory Solutions Inc. bought a new stake in Hudson Pacific Properties in the 2nd quarter valued at $123,000. 97.58% of the stock is currently owned by institutional investors.

Hudson Pacific Properties Stock Up 2.0%

Shares of HPP opened at $7.62 on Thursday. The company has a market capitalization of $413.31 million, a P/E ratio of -0.59 and a beta of 1.50. Hudson Pacific Properties, Inc. has a one year low of $5.55 and a one year high of $22.89. The business’s 50 day simple moving average is $8.61 and its 200-day simple moving average is $13.89. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.78 and a quick ratio of 1.78.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $256.03 million during the quarter, compared to analysts’ expectations of $168.02 million. Hudson Pacific Properties had a negative return on equity of 19.89% and a negative net margin of 69.12%.Hudson Pacific Properties has set its FY 2026 guidance at 0.960-1.060 EPS. As a group, sell-side analysts predict that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets restated a “market perform” rating on shares of Hudson Pacific Properties in a research note on Thursday, February 26th. Piper Sandler set a $10.00 target price on shares of Hudson Pacific Properties in a research note on Tuesday, January 27th. Morgan Stanley restated an “underweight” rating and set a $8.00 price target on shares of Hudson Pacific Properties in a research note on Thursday, January 29th. The Goldman Sachs Group set a $14.50 price objective on Hudson Pacific Properties and gave the company a “neutral” rating in a report on Thursday, January 29th. Finally, Wells Fargo & Company set a $2.60 target price on Hudson Pacific Properties in a research report on Tuesday, November 25th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $14.48.

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.