Zurcher Kantonalbank Zurich Cantonalbank Lowers Holdings in Hudson Pacific Properties, Inc. $HPP

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in Hudson Pacific Properties, Inc. (NYSE:HPP) by 85.7% in the 4th quarter, HoldingsChannel reports. The firm owned 9,918 shares of the real estate investment trust’s stock after selling 59,509 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hudson Pacific Properties were worth $107,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HPP. Pensionfund Sabic purchased a new position in shares of Hudson Pacific Properties in the fourth quarter worth $59,000. Evergreen Capital Management LLC purchased a new position in Hudson Pacific Properties during the second quarter valued at $28,000. Orion Porfolio Solutions LLC purchased a new position in Hudson Pacific Properties during the third quarter valued at $28,000. Ethic Inc. bought a new stake in Hudson Pacific Properties in the 3rd quarter valued at $28,000. Finally, United Capital Financial Advisors LLC bought a new stake in Hudson Pacific Properties in the 3rd quarter valued at $30,000. 97.58% of the stock is owned by hedge funds and other institutional investors.

Hudson Pacific Properties Price Performance

HPP stock opened at $9.77 on Wednesday. Hudson Pacific Properties, Inc. has a 52 week low of $5.26 and a 52 week high of $21.70. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 1.25. The company has a fifty day simple moving average of $6.86 and a two-hundred day simple moving average of $10.24. The firm has a market capitalization of $529.65 million, a P/E ratio of -0.75, a price-to-earnings-growth ratio of 0.94 and a beta of 1.86.

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

Wall Street Analyst Weigh In

Several research analysts have commented on HPP shares. Citigroup increased their price objective on shares of Hudson Pacific Properties from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. BMO Capital Markets reaffirmed a “market perform” rating on shares of Hudson Pacific Properties in a report on Thursday, February 26th. Cantor Fitzgerald decreased their target price on Hudson Pacific Properties from $13.00 to $10.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Piper Sandler dropped their price target on Hudson Pacific Properties from $8.00 to $6.50 and set a “neutral” rating for the company in a research note on Wednesday, April 1st. Finally, The Goldman Sachs Group set a $14.50 price target on Hudson Pacific Properties and gave the company a “neutral” rating in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $14.11.

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.