Hudson Pacific Properties Target of Unusually Large Options Trading (NYSE:HPP)

Hudson Pacific Properties, Inc. (NYSE:HPP) was the target of some unusual options trading on Wednesday. Investors purchased 26,029 call options on the stock. This is an increase of approximately 983% compared to the average volume of 2,404 call options.

Institutional Investors Weigh In On Hudson Pacific Properties

A number of institutional investors and hedge funds have recently modified their holdings of the company. Balyasny Asset Management L.P. increased its holdings in Hudson Pacific Properties by 122.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 15,712,981 shares of the real estate investment trust’s stock worth $43,054,000 after buying an additional 8,646,463 shares during the period. Conversant Capital LLC boosted its holdings in shares of Hudson Pacific Properties by 293.6% in the 2nd quarter. Conversant Capital LLC now owns 10,700,000 shares of the real estate investment trust’s stock valued at $29,318,000 after acquiring an additional 7,981,580 shares during the last quarter. Hudson Bay Capital Management LP increased its stake in shares of Hudson Pacific Properties by 1.0% in 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 acquiring an additional 68,089 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Hudson Pacific Properties by 25.0% during the third quarter. Russell Investments Group Ltd. now owns 6,225,104 shares of the real estate investment trust’s stock worth $17,181,000 after purchasing an additional 1,245,435 shares during the last quarter. Finally, UBS Group AG lifted its position in Hudson Pacific Properties by 657.0% during the third quarter. UBS Group AG now owns 5,617,697 shares of the real estate investment trust’s stock valued at $15,505,000 after purchasing an additional 4,875,549 shares during the period. Institutional investors and hedge funds own 97.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Hudson Pacific Properties from $13.50 to $14.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Wall Street Zen downgraded Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Hudson Pacific Properties in a research note on Friday, May 29th. BMO Capital Markets reiterated a “market perform” rating and issued a $16.00 target price (up from $8.00) on shares of Hudson Pacific Properties in a report on Monday, June 15th. Finally, Zacks Research raised shares of Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $13.48.

Hudson Pacific Properties Stock Performance

Shares of NYSE:HPP traded down $0.59 on Wednesday, hitting $15.45. 140,742 shares of the company were exchanged, compared to its average volume of 1,299,715. Hudson Pacific Properties has a 1-year low of $5.26 and a 1-year high of $21.70. The stock’s 50 day moving average price is $13.06 and its 200 day moving average price is $9.68. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $837.85 million, a P/E ratio of -1.53, a price-to-earnings-growth ratio of 1.31 and a beta of 1.89.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.92) by $0.10. The firm had revenue of $181.85 million for the quarter, compared to the consensus estimate of $175.12 million. Hudson Pacific Properties had a negative return on equity of 19.05% and a negative net margin of 67.89%.Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. Sell-side analysts predict that Hudson Pacific Properties will post 1.05 EPS for the current year.

Hudson Pacific Properties Company 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.