Public Employees Retirement System of Ohio Invests $986,000 in Hudson Pacific Properties, Inc. $HPP

Public Employees Retirement System of Ohio purchased a new stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 64,938 shares of the real estate investment trust’s stock, valued at approximately $986,000. Public Employees Retirement System of Ohio owned 0.12% of Hudson Pacific Properties at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Resona Asset Management Co. Ltd. grew its stake in shares of Hudson Pacific Properties by 8.4% in the first quarter. Resona Asset Management Co. Ltd. now owns 24,670 shares of the real estate investment trust’s stock worth $147,000 after acquiring an additional 1,918 shares during the last quarter. Allied Private Wealth LLC acquired a new position in Hudson Pacific Properties during the 2nd quarter valued at $33,000. Cetera Investment Advisers raised its stake in Hudson Pacific Properties by 18.0% during the 1st quarter. Cetera Investment Advisers now owns 16,317 shares of the real estate investment trust’s stock valued at $96,000 after purchasing an additional 2,485 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in Hudson Pacific Properties by 29.3% in the 1st quarter. Sanctuary Advisors LLC now owns 15,075 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 3,414 shares during the period. Finally, Allworth Financial LP acquired a new stake in Hudson Pacific Properties in the 2nd quarter worth $67,000. 97.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Cantor Fitzgerald boosted their price objective on shares of Hudson Pacific Properties from $14.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Bank of America reissued an “underperform” rating and set a $14.00 target price on shares of Hudson Pacific Properties in a research report on Tuesday, June 16th. Morgan Stanley set a $9.00 price target on Hudson Pacific Properties and gave the company an “underweight” rating in a research note on Wednesday, July 22nd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $16.00 price target (up from $8.00) on shares of Hudson Pacific Properties in a report on Monday, June 15th. Finally, Citigroup reissued a “neutral” rating and set a $15.00 price objective (up from $13.00) on shares of Hudson Pacific Properties in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $15.82.

Hudson Pacific Properties Price Performance

Shares of Hudson Pacific Properties stock opened at $12.13 on Wednesday. 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’s 50-day simple moving average is $14.45 and its 200-day simple moving average is $11.28. Hudson Pacific Properties, Inc. has a twelve month low of $5.26 and a twelve month high of $21.56. The firm has a market cap of $658.28 million, a P/E ratio of -1.37, a price-to-earnings-growth ratio of 1.17 and a beta of 1.89.

Hudson Pacific Properties (NYSE:HPP) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.90). The business had revenue of $188.30 million during the quarter, compared to the consensus estimate of $181.80 million. Hudson Pacific Properties had a negative net margin of 70.04% and a negative return on equity of 20.76%. 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 1.12 EPS for the current fiscal year.

Insider Activity

In other news, Director Jon Bortz bought 25,000 shares of Hudson Pacific Properties stock in a transaction dated 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 purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.47% of the company’s stock.

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.