Ieq Capital LLC Invests $3.77 Million in Hudson Pacific Properties, Inc. $HPP

Ieq Capital LLC acquired a new position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 248,384 shares of the real estate investment trust’s stock, valued at approximately $3,773,000. Ieq Capital LLC owned about 0.46% of Hudson Pacific Properties at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HPP. Balyasny Asset Management L.P. raised its holdings in shares of Hudson Pacific Properties by 122.4% in the second quarter. Balyasny Asset Management L.P. now owns 15,712,981 shares of the real estate investment trust’s stock worth $43,054,000 after acquiring an additional 8,646,463 shares during the last quarter. Conversant Capital LLC boosted its stake in shares of Hudson Pacific Properties by 293.6% during the second quarter. Conversant Capital LLC now owns 10,700,000 shares of the real estate investment trust’s stock valued at $29,318,000 after acquiring an additional 7,981,580 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Hudson Pacific Properties during the second quarter valued at $102,830,000. Russell Investments Group Ltd. increased its position in Hudson Pacific Properties by 25.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,225,104 shares of the real estate investment trust’s stock worth $17,181,000 after purchasing an additional 1,245,435 shares in the last quarter. Finally, UBS Group AG raised its stake in Hudson Pacific Properties by 657.0% in the 3rd quarter. UBS Group AG now owns 5,617,697 shares of the real estate investment trust’s stock valued at $15,505,000 after purchasing an additional 4,875,549 shares during the last quarter. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Insider Buying and Selling at Hudson Pacific Properties

In related news, Director Jon E. Bortz purchased 25,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of $13.40 per share, for a total transaction of $335,000.00. Following the acquisition, the director directly owned 35,394 shares in the company, valued at $474,279.60. This trade represents a 240.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. 2.47% of the stock is currently owned by company insiders.

Hudson Pacific Properties Trading Up 1.6%

NYSE HPP opened at $14.73 on Tuesday. The company has a market cap of $799.40 million, a P/E ratio of -1.66, a P/E/G ratio of 1.11 and a beta of 1.90. Hudson Pacific Properties, Inc. has a 12 month low of $5.26 and a 12 month high of $21.70. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.11 and a quick ratio of 1.11. The company has a 50-day moving average of $14.77 and a 200-day moving average of $10.81.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share (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 company had revenue of $188.30 million during the quarter, compared to analyst estimates of $181.80 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. As a group, equities analysts predict that Hudson Pacific Properties, Inc. will post 1.11 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HPP shares. Citigroup reaffirmed a “neutral” rating and set a $15.00 price target (up from $13.00) on shares of Hudson Pacific Properties in a research note on Thursday, August 13th. Cantor Fitzgerald upped their price objective on shares of Hudson Pacific Properties from $14.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Morgan Stanley set a $9.00 target price on shares of Hudson Pacific Properties and gave the stock an “underweight” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company lifted their target price on shares of Hudson Pacific Properties from $13.50 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Finally, Wall Street Zen cut shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.