Hudson Pacific Properties, Inc. $HPP Shares Sold by Cohen & Steers Inc.

Cohen & Steers Inc. cut its position in Hudson Pacific Properties, Inc. (NYSE:HPP) by 84.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,368,392 shares of the real estate investment trust’s stock after selling 51,296,327 shares during the quarter. Cohen & Steers Inc. owned 17.28% of Hudson Pacific Properties worth $101,466,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Xponance Inc. boosted its stake in Hudson Pacific Properties by 19.9% in the 3rd quarter. Xponance Inc. now owns 29,100 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 4,821 shares during the period. Pensionfund Sabic acquired a new position in Hudson Pacific Properties in the 4th quarter worth $59,000. Envestnet Asset Management Inc. boosted its stake in Hudson Pacific Properties by 1.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 576,274 shares of the real estate investment trust’s stock worth $1,591,000 after purchasing an additional 5,544 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Hudson Pacific Properties by 41.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 25,269 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 7,453 shares during the period. Finally, US Bancorp DE boosted its stake in Hudson Pacific Properties by 196.2% in the 3rd quarter. US Bancorp DE now owns 12,485 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 8,270 shares during the period. 97.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HPP has been the subject of a number of research analyst reports. Citigroup reaffirmed a “neutral” rating and issued a $13.00 target price (up from $8.00) on shares of Hudson Pacific Properties in a research note on Thursday, May 14th. Morgan Stanley reduced their target price on shares of Hudson Pacific Properties from $8.00 to $5.00 and set an “underweight” rating for the company in a research note on Tuesday, March 31st. Cantor Fitzgerald reduced their target price on shares of Hudson Pacific Properties from $13.00 to $10.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $12.00 target price (up from $7.50) on shares of Hudson Pacific Properties in a research note on Tuesday, May 19th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Hudson Pacific Properties in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $14.82.

Hudson Pacific Properties Stock Up 0.2%

Shares of HPP stock opened at $15.27 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.65 and a current ratio of 1.65. The firm’s 50-day moving average is $10.23 and its 200-day moving average is $9.47. The stock has a market cap of $828.03 million, a price-to-earnings ratio of -1.51, a PEG ratio of 1.22 and a beta of 1.94. 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 issued its earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.92) by $0.10. The company had revenue of $181.85 million for the quarter, compared to analysts’ expectations of $175.12 million. Hudson Pacific Properties had a negative net margin of 67.89% and a negative return on equity of 19.05%. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. Sell-side analysts predict that Hudson Pacific Properties, Inc. will post 1.06 EPS for the current year.

Hudson Pacific Properties 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.