Alta Fundamental Advisers LLC Sells 2,676,339 Shares of Hudson Pacific Properties, Inc. $HPP

Alta Fundamental Advisers LLC reduced its stake in Hudson Pacific Properties, Inc. (NYSE:HPP) by 83.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 529,390 shares of the real estate investment trust’s stock after selling 2,676,339 shares during the quarter. Hudson Pacific Properties comprises 2.6% of Alta Fundamental Advisers LLC’s holdings, making the stock its 13th largest position. Alta Fundamental Advisers LLC’s holdings in Hudson Pacific Properties were worth $5,733,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of HPP. Balyasny Asset Management L.P. raised its holdings in Hudson Pacific Properties by 122.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 15,712,981 shares of the real estate investment trust’s stock valued at $43,054,000 after acquiring an additional 8,646,463 shares during the period. Conversant Capital LLC grew its position in shares of Hudson Pacific Properties by 293.6% during the 2nd quarter. Conversant Capital LLC now owns 10,700,000 shares of the real estate investment trust’s stock worth $29,318,000 after purchasing an additional 7,981,580 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Hudson Pacific Properties by 18,343.2% during the 2nd quarter. Sei Investments Co. now owns 5,571,688 shares of the real estate investment trust’s stock worth $15,266,000 after acquiring an additional 5,541,478 shares during the period. UBS Group AG lifted its holdings in shares of Hudson Pacific Properties by 657.0% during the 3rd quarter. UBS Group AG now owns 5,617,697 shares of the real estate investment trust’s stock worth $15,505,000 after acquiring an additional 4,875,549 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Hudson Pacific Properties by 14.3% during the 3rd quarter. Vanguard Group Inc. now owns 38,453,976 shares of the real estate investment trust’s stock worth $106,133,000 after acquiring an additional 4,815,234 shares during the period. 97.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on HPP. BMO Capital Markets restated a “market perform” rating on shares of Hudson Pacific Properties in a research report on Thursday, February 26th. Zacks Research raised shares of Hudson Pacific Properties from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd. Piper Sandler reissued a “neutral” rating and set a $12.00 target price (up from $6.50) on shares of Hudson Pacific Properties in a report on Thursday, May 28th. BTIG Research reissued a “buy” rating and set a $26.00 target price on shares of Hudson Pacific Properties in a report on Wednesday, May 6th. Finally, Wall Street Zen lowered shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Hudson Pacific Properties currently has an average rating of “Hold” and an average price target of $14.82.

Hudson Pacific Properties Stock Up 5.2%

Shares of NYSE HPP opened at $13.96 on Friday. The company has a market capitalization of $757.19 million, a P/E ratio of -1.38, a price-to-earnings-growth ratio of 1.06 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. 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 company’s 50 day moving average price is $9.13 and its 200-day moving average price is $9.41.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.10. The firm had revenue of $181.85 million for 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. Equities analysts forecast that Hudson Pacific Properties, Inc. will post 1.06 earnings per share 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.