Hudson Pacific Properties, Inc. $HPP Shares Sold by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co lowered its stake in Hudson Pacific Properties, Inc. (NYSE:HPP) by 85.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 23,285 shares of the real estate investment trust’s stock after selling 139,715 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Hudson Pacific Properties were worth $252,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Pensionfund Sabic bought a new stake in Hudson Pacific Properties in the fourth quarter valued at about $59,000. Evergreen Capital Management LLC bought a new position in Hudson Pacific Properties during the 2nd quarter worth approximately $28,000. Orion Porfolio Solutions LLC acquired a new position in shares of Hudson Pacific Properties in the 3rd quarter worth approximately $28,000. United Capital Financial Advisors LLC acquired a new position in shares of Hudson Pacific Properties in the 3rd quarter worth approximately $30,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Hudson Pacific Properties in the 3rd quarter valued at approximately $32,000. Institutional investors own 97.58% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. BTIG Research restated a “buy” rating and set a $26.00 price objective on shares of Hudson Pacific Properties in a research note on Wednesday, May 6th. Morgan Stanley lowered 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. Wells Fargo & Company reduced their price target on shares of Hudson Pacific Properties from $18.20 to $13.50 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $12.00 price target (up from $7.50) on shares of Hudson Pacific Properties in a report on Tuesday, May 19th. Finally, BMO Capital Markets reiterated 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 given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.78.

Hudson Pacific Properties Price Performance

Shares of NYSE HPP opened at $11.99 on Friday. Hudson Pacific Properties, Inc. has a 1-year low of $5.26 and a 1-year high of $21.70. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.65 and a quick ratio of 1.65. The business’s fifty day moving average price is $8.54 and its two-hundred day moving average price is $9.47. The firm has a market capitalization of $650.34 million, a PE ratio of -1.19, a P/E/G ratio of 0.97 and a beta of 1.86.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.92) by $0.10. The company had revenue of $181.85 million during the quarter, compared to the consensus estimate 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. On average, research analysts expect that Hudson Pacific Properties, Inc. will post 1.06 EPS for the current year.

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.