Hudson Pacific Properties (NYSE:HPP) Director Jon Bortz Buys 25,000 Shares of Stock
by Amy Steele · The Cerbat GemHudson Pacific Properties, Inc. (NYSE:HPP – Get Free Report) Director Jon Bortz purchased 25,000 shares of the business’s stock in a transaction on Monday, November 9th. The stock was acquired at an average price of $9.24 per share, with a total value of $231,000.00. Following the completion of the acquisition, the director directly owned 60,394 shares in the company, valued at $558,040.56. The trade was a 70.63% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Hudson Pacific Properties Trading Up 2.0%
Shares of Hudson Pacific Properties stock traded up $0.17 during trading hours on Thursday, reaching $8.81. 626,994 shares of the company’s stock were exchanged, compared to its average volume of 1,000,553. Hudson Pacific Properties, Inc. has a 52-week low of $5.26 and a 52-week high of $17.20. The firm has a market capitalization of $478.38 million, a price-to-earnings ratio of -0.87, a price-to-earnings-growth ratio of 0.54 and a beta of 2.02. The company has a fifty day moving average of $11.02 and a 200-day moving average of $10.89. The company has a current ratio of 1.33, a quick ratio of 1.11 and a debt-to-equity ratio of 1.46.
Hudson Pacific Properties (NYSE:HPP – Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.73) by $1.01. The business had revenue of $180.89 million for the quarter, compared to analysts’ expectations of $181.62 million. Hudson Pacific Properties had a negative return on equity of 25.07% and a negative net margin of 80.01%. Hudson Pacific Properties has set its FY 2026 guidance at 1.150-1.210 EPS. Sell-side analysts forecast that Hudson Pacific Properties, Inc. will post 1.17 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms recently weighed in on HPP. Mizuho increased their target price on Hudson Pacific Properties from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Morgan Stanley set a $9.00 price target on Hudson Pacific Properties and gave the company an “underweight” rating in a report on Wednesday, July 22nd. Citigroup restated a “neutral” rating and issued a $15.00 price target (up from $13.00) on shares of Hudson Pacific Properties in a report on Thursday, August 13th. Zacks Research downgraded shares of Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 8th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $17.00 price objective (up from $14.00) on shares of Hudson Pacific Properties in a report on Tuesday, September 1st. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $15.27.
Check Out Our Latest Stock Analysis on HPP
Hedge Funds Weigh In On Hudson Pacific Properties
Hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc grew its stake in shares of Hudson Pacific Properties by 4,560.0% during the 2nd quarter. IFP Advisors Inc now owns 1,631 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 1,596 shares during the period. Allied Private Wealth LLC acquired a new stake in shares of Hudson Pacific Properties during the 2nd quarter worth $33,000. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of Hudson Pacific Properties by 66.3% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 4,300 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 1,715 shares during the last quarter. Allworth Financial LP purchased a new position in shares of Hudson Pacific Properties in the 2nd quarter worth $67,000. Finally, Legal & General Group Plc purchased a new position in shares of Hudson Pacific Properties in the 2nd quarter worth $80,000. Institutional investors and hedge funds own 97.58% of the company’s stock.
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.