Mitsubishi UFJ Asset Management Co. Ltd. Purchases New Holdings in Hudson Pacific Properties, Inc. $HPP

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Hudson Pacific Properties, Inc. (NYSE:HPP) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 47,242 shares of the real estate investment trust’s stock, valued at approximately $718,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.09% of Hudson Pacific Properties as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Militia Capital Management LLC purchased a new stake in shares of Hudson Pacific Properties in the first quarter valued at $1,904,000. Whitebox Advisors LLC grew its holdings in shares of Hudson Pacific Properties by 1,618.4% during the first quarter. Whitebox Advisors LLC now owns 189,080 shares of the real estate investment trust’s stock valued at $1,117,000 after buying an additional 178,077 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Hudson Pacific Properties by 14.6% during the first quarter. Dimensional Fund Advisors LP now owns 705,984 shares of the real estate investment trust’s stock valued at $4,172,000 after buying an additional 89,787 shares in the last quarter. Saba Capital Management L.P. raised its position in Hudson Pacific Properties by 49.8% during the first quarter. Saba Capital Management L.P. now owns 831,868 shares of the real estate investment trust’s stock valued at $4,916,000 after buying an additional 276,459 shares during the period. Finally, Quantinno Capital Management LP raised its position in Hudson Pacific Properties by 347.8% during the first quarter. Quantinno Capital Management LP now owns 184,034 shares of the real estate investment trust’s stock valued at $1,088,000 after buying an additional 142,941 shares during the period. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Hudson Pacific Properties news, Director Jon E. Bortz acquired 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased 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 approximately $474,279.60. This trade represents a 240.52% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.47% of the company’s stock.

Analyst Upgrades and Downgrades

HPP has been the subject of a number of research reports. Bank of America restated an “underperform” rating and set a $14.00 price objective on shares of Hudson Pacific Properties in a research report on Tuesday, June 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Hudson Pacific Properties in a report on Friday, May 29th. Cantor Fitzgerald upped their target price on Hudson Pacific Properties from $14.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Citigroup reissued a “neutral” rating and issued a $15.00 price target (up from $13.00) on shares of Hudson Pacific Properties in a research report on Thursday, August 13th. Finally, Zacks Research upgraded shares of Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.57.

Hudson Pacific Properties Price Performance

Shares of HPP opened at $14.50 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $786.91 million, a PE ratio of -1.64, a PEG ratio of 1.11 and a beta of 1.90. The firm’s 50 day moving average price is $14.78 and its 200 day moving average price is $10.75. Hudson Pacific Properties, Inc. has a twelve month low of $5.26 and a twelve month high of $21.70.

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