Daiwa Securities Group Inc. Sells 982,169 Shares of Hudson Pacific Properties, Inc. $HPP

Daiwa Securities Group Inc. trimmed its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 83.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,876 shares of the real estate investment trust’s stock after selling 982,169 shares during the period. Daiwa Securities Group Inc. owned approximately 0.36% of Hudson Pacific Properties worth $2,143,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Advisors Asset Management Inc. bought a new stake in shares of Hudson Pacific Properties in the 3rd quarter valued at approximately $584,000. Oasis Management Co Ltd. bought a new position in Hudson Pacific Properties in the third quarter valued at approximately $1,049,000. Kettle Hill Capital Management LLC boosted its position in shares of Hudson Pacific Properties by 436.7% during the third quarter. Kettle Hill Capital Management LLC now owns 4,558,816 shares of the real estate investment trust’s stock worth $12,582,000 after purchasing an additional 3,709,391 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Hudson Pacific Properties by 14.3% during the third quarter. Vanguard Group Inc. now owns 38,453,976 shares of the real estate investment trust’s stock worth $106,133,000 after purchasing an additional 4,815,234 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Hudson Pacific Properties by 38.1% during the third quarter. JPMorgan Chase & Co. now owns 4,320,823 shares of the real estate investment trust’s stock worth $11,925,000 after purchasing an additional 1,192,974 shares in the last quarter. Institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Price Performance

HPP stock opened at $15.51 on Wednesday. The company has a 50 day simple moving average of $9.66 and a 200 day simple moving average of $9.41. The stock has a market cap of $841.26 million, a price-to-earnings ratio of -1.54, a P/E/G ratio of 1.17 and a beta of 1.94. 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.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings data 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 business had revenue of $181.85 million during the quarter, compared to analysts’ expectations 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. Research analysts anticipate that Hudson Pacific Properties, Inc. will post 1.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HPP. Wells Fargo & Company raised their price objective on shares of Hudson Pacific Properties from $13.50 to $14.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. BMO Capital Markets restated a “market perform” rating on shares of Hudson Pacific Properties in a research note on Thursday, February 26th. Cantor Fitzgerald reduced their target price on shares of Hudson Pacific Properties from $13.00 to $10.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. Jefferies Financial Group set a $8.00 target price on shares of Hudson Pacific Properties and gave the stock a “hold” rating in a report on Friday, March 6th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Hudson Pacific Properties in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $14.82.

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.