Insider Buying: Hudson Pacific Properties (NYSE:HPP) Director Acquires $335,000.00 in Stock

Hudson Pacific Properties, Inc. (NYSE:HPP) Director Jon Bortz bought 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of $13.40 per share, for a total transaction of $335,000.00. Following the completion of the acquisition, the director owned 35,394 shares of the company’s stock, valued at $474,279.60. This trade represents a 240.52% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hudson Pacific Properties Trading Up 1.2%

Hudson Pacific Properties stock opened at $14.48 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.65 and a debt-to-equity ratio of 1.33. Hudson Pacific Properties, Inc. has a 12 month low of $5.26 and a 12 month high of $21.70. The stock’s 50 day simple moving average is $14.86 and its two-hundred day simple moving average is $10.54. The firm has a market cap of $785.99 million, a PE ratio of -1.64, a P/E/G ratio of 1.09 and a beta of 1.90.

Hudson Pacific Properties (NYSE:HPP) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share for the quarter, missing the consensus estimate of ($0.72) by ($0.90). Hudson Pacific Properties had a negative net margin of 70.04% and a negative return on equity of 20.76%. The firm had revenue of $188.30 million for the quarter, compared to analysts’ expectations of $181.80 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. Analysts anticipate that Hudson Pacific Properties, Inc. will post 1.11 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new position in Hudson Pacific Properties in the 2nd quarter valued at $249,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Hudson Pacific Properties during the second quarter worth $536,000. Quantbot Technologies LP acquired a new stake in shares of Hudson Pacific Properties in the second quarter valued at about $413,000. Landscape Capital Management L.L.C. purchased a new position in shares of Hudson Pacific Properties in the second quarter worth about $271,000. Finally, Ieq Capital LLC acquired a new position in Hudson Pacific Properties during the second quarter worth about $3,773,000. 97.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on HPP. Piper Sandler upgraded Hudson Pacific Properties from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $16.00 to $18.00 in a research note on Thursday, August 6th. Wells Fargo & Company increased their price target on Hudson Pacific Properties from $13.50 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Morgan Stanley set a $9.00 price objective on Hudson Pacific Properties and gave the company an “underweight” rating in a report on Wednesday, July 22nd. BTIG Research restated a “buy” rating and issued a $26.00 price objective on shares of Hudson Pacific Properties in a research report on Wednesday, May 6th. Finally, Cantor Fitzgerald upped their target price on Hudson Pacific Properties from $14.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Hudson Pacific Properties presently has an average rating of “Hold” and a consensus target price of $15.57.

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.