Hudson Pacific Properties, Inc. $HPP Shares Sold by Davis Selected Advisers

Davis Selected Advisers decreased its position in Hudson Pacific Properties, Inc. (NYSE:HPP) by 85.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 324,026 shares of the real estate investment trust’s stock after selling 1,976,157 shares during the quarter. Davis Selected Advisers’ holdings in Hudson Pacific Properties were worth $3,509,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Inscription Capital LLC acquired a new position in Hudson Pacific Properties during the fourth quarter worth $273,000. Pensionfund Sabic acquired a new position in Hudson Pacific Properties during the fourth quarter worth $59,000. Pensionfund PDN acquired a new position in Hudson Pacific Properties during the fourth quarter worth $131,000. JPMorgan Chase & Co. lifted its stake in Hudson Pacific Properties by 38.1% during the third quarter. JPMorgan Chase & Co. now owns 4,320,823 shares of the real estate investment trust’s stock worth $11,925,000 after purchasing an additional 1,192,974 shares in the last quarter. Finally, Hudson Bay Capital Management LP lifted its stake in Hudson Pacific Properties by 1.0% during the third quarter. Hudson Bay Capital Management LP now owns 6,987,635 shares of the real estate investment trust’s stock worth $19,286,000 after purchasing an additional 68,089 shares in the last quarter. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. BTIG Research set a $26.00 price target on Hudson Pacific Properties and gave the stock a “buy” rating in a research note on Friday, January 2nd. Piper Sandler decreased their price target on Hudson Pacific Properties from $8.00 to $6.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 1st. Morgan Stanley decreased their price target on Hudson Pacific Properties from $8.00 to $5.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 31st. Wells Fargo & Company decreased their price target on Hudson Pacific Properties from $18.20 to $13.50 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Finally, Citigroup upped their price target on Hudson Pacific Properties from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Hudson Pacific Properties has an average rating of “Hold” and an average target price of $14.11.

Hudson Pacific Properties Stock Performance

NYSE:HPP opened at $9.33 on Friday. The company has a fifty day simple moving average of $6.79 and a two-hundred day simple moving average of $10.29. The company has a market cap of $506.11 million, a price-to-earnings ratio of -0.72, a price-to-earnings-growth ratio of 0.96 and a beta of 1.86. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 1.25. Hudson Pacific Properties, Inc. has a 52 week low of $5.26 and a 52 week high of $21.70.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $256.03 million during the quarter, compared to the consensus estimate of $168.02 million. Hudson Pacific Properties had a negative net margin of 69.12% and a negative return on equity of 19.89%. Hudson Pacific Properties has set its FY 2026 guidance at 0.960-1.060 EPS. As a group, equities analysts anticipate that Hudson Pacific Properties, Inc. will post 1 earnings per share for the current fiscal year.

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.