Hudson Pacific Properties, Inc. $HPP Holdings Increased by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC increased its stake in Hudson Pacific Properties, Inc. (NYSE:HPP) by 277.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 183,606 shares of the real estate investment trust’s stock after acquiring an additional 134,921 shares during the period. Knights of Columbus Asset Advisors LLC owned approximately 0.34% of Hudson Pacific Properties worth $2,119,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Hudson Pacific Properties during the 2nd quarter worth about $102,830,000. Valueworks LLC purchased a new position in shares of Hudson Pacific Properties in the 2nd quarter valued at about $25,667,000. Wellington Management Group LLP purchased a new position in shares of Hudson Pacific Properties in the 2nd quarter valued at about $23,325,000. Bank of America Corp DE purchased a new position in shares of Hudson Pacific Properties in the 2nd quarter valued at about $5,138,000. Finally, Militia Capital Management LLC acquired a new position in shares of Hudson Pacific Properties during the first quarter worth about $1,904,000. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Pacific Properties Stock Down 3.5%

Hudson Pacific Properties stock opened at $8.64 on Thursday. Hudson Pacific Properties, Inc. has a 1-year low of $5.26 and a 1-year high of $17.20. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.33 and a quick ratio of 1.11. The stock has a market cap of $469.45 million, a PE ratio of -0.85, a P/E/G ratio of 0.55 and a beta of 2.02. The stock’s fifty day moving average is $11.11 and its two-hundred day moving average is $10.89.

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

Analyst Upgrades and Downgrades

HPP has been the topic of a number of recent research reports. Cantor Fitzgerald upped 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. Weiss Ratings reiterated a “sell (d)” rating on shares of Hudson Pacific Properties in a research note on Wednesday, August 26th. Wall Street Zen downgraded shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research note on Sunday, September 20th. Piper Sandler cut shares of Hudson Pacific Properties from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $15.00 to $13.00 in a report on Monday, October 19th. Finally, Zacks Research cut shares of Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 8th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $15.27.

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.