Nuveen LLC Makes New $10.33 Million Investment in Hudson Pacific Properties, Inc. $HPP

Nuveen LLC purchased a new position in Hudson Pacific Properties, Inc. (NYSE:HPP) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,502,629 shares of the real estate investment trust’s stock, valued at approximately $10,333,000. Nuveen LLC owned 2.48% of Hudson Pacific Properties at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. GeoWealth Management LLC acquired a new position in shares of Hudson Pacific Properties during the fourth quarter valued at about $27,000. US Bancorp DE raised its position in Hudson Pacific Properties by 1,053.7% in the first quarter. US Bancorp DE now owns 9,772 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 8,925 shares during the period. Boothbay Fund Management LLC bought a new stake in Hudson Pacific Properties in the fourth quarter worth about $40,000. Two Sigma Securities LLC bought a new stake in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $44,000. Finally, Ballentine Partners LLC bought a new stake in shares of Hudson Pacific Properties in the first quarter valued at approximately $44,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hudson Pacific Properties

In other news, Director Ted R. Antenucci acquired 89,686 shares of the company’s stock in a transaction on Thursday, June 12th. The stock was bought at an average cost of $2.23 per share, with a total value of $199,999.78. Following the completion of the purchase, the director directly owned 254,934 shares of the company’s stock, valued at $568,502.82. This represents a 54.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barry A. Sholem bought 224,215 shares of the stock in a transaction dated Thursday, June 12th. The shares were bought at an average cost of $2.23 per share, with a total value of $499,999.45. Following the completion of the purchase, the director directly owned 400,743 shares of the company’s stock, valued at approximately $893,656.89. This trade represents a 127.01% increase in their position. The disclosure for this purchase can be found here. Insiders bought 1,139,007 shares of company stock valued at $2,539,986 over the last three months. Corporate insiders own 4.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HPP. Piper Sandler set a $2.00 price target on shares of Hudson Pacific Properties and gave the company a “neutral” rating in a research report on Friday, May 23rd. Odeon Capital Group assumed coverage on shares of Hudson Pacific Properties in a research note on Monday, June 16th. They issued a “buy” rating and a $5.00 price target for the company. Wedbush reaffirmed a “neutral” rating on shares of Hudson Pacific Properties in a research note on Monday, May 5th. BMO Capital Markets cut their price objective on shares of Hudson Pacific Properties from $4.00 to $3.50 and set an “outperform” rating for the company in a research note on Friday, June 13th. Finally, Wells Fargo & Company lowered their price target on shares of Hudson Pacific Properties from $4.00 to $3.40 and set an “overweight” rating for the company in a report on Monday, May 19th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $3.14.

Hudson Pacific Properties Trading Up 2.5%

Hudson Pacific Properties stock opened at $2.6750 on Friday. The stock has a market cap of $1.01 billion, a P/E ratio of -0.95 and a beta of 1.59. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.18 and a quick ratio of 2.18. Hudson Pacific Properties, Inc. has a 1 year low of $1.78 and a 1 year high of $5.69. The firm’s 50 day moving average price is $2.64 and its 200-day moving average price is $2.58.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. Hudson Pacific Properties had a negative net margin of 53.76% and a negative return on equity of 15.10%. The company had revenue of $190.00 million for the quarter, compared to analysts’ expectations of $196.27 million. Hudson Pacific Properties has set its Q3 2025 guidance at 0.010-0.05 EPS. On average, equities analysts predict that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal year.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.