Ballentine Partners LLC Grows Holdings in Hudson Pacific Properties, Inc. $HPP

Ballentine Partners LLC grew its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 52.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,492 shares of the real estate investment trust’s stock after buying an additional 7,690 shares during the quarter. Ballentine Partners LLC’s holdings in Hudson Pacific Properties were worth $62,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Resona Asset Management Co. Ltd. raised its stake in shares of Hudson Pacific Properties by 8.8% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 62,503 shares of the real estate investment trust’s stock valued at $186,000 after acquiring an additional 5,051 shares in the last quarter. Winslow Asset Management Inc. raised its stake in shares of Hudson Pacific Properties by 15.8% in the 1st quarter. Winslow Asset Management Inc. now owns 49,030 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 6,685 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Hudson Pacific Properties by 25.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 41,563 shares of the real estate investment trust’s stock valued at $122,000 after acquiring an additional 8,430 shares in the last quarter. US Bancorp DE raised its stake in shares of Hudson Pacific Properties by 1,053.7% in the 1st quarter. US Bancorp DE now owns 9,772 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 8,925 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Hudson Pacific Properties by 4.0% in the 1st quarter. Swiss National Bank now owns 259,950 shares of the real estate investment trust’s stock valued at $767,000 after acquiring an additional 9,900 shares in the last quarter. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Pacific Properties Price Performance

Shares of HPP stock opened at $2.77 on Wednesday. The stock’s fifty day simple moving average is $2.69 and its 200 day simple moving average is $2.54. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.18 and a quick ratio of 2.18. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -0.99 and a beta of 1.63. Hudson Pacific Properties, Inc. has a one year low of $1.78 and a one year high of $5.02.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Odeon Capital Group assumed coverage on Hudson Pacific Properties in a research note on Monday, June 16th. They issued a “buy” rating and a $5.00 price objective on the stock. BMO Capital Markets cut their price objective on Hudson Pacific Properties from $4.00 to $3.50 and set an “outperform” rating on the stock in a research note on Friday, June 13th. BTIG Research cut their price objective on Hudson Pacific Properties from $8.00 to $4.75 and set a “buy” rating on the stock in a research note on Wednesday, June 25th. The Goldman Sachs Group raised their price objective on Hudson Pacific Properties from $2.80 to $3.20 and gave the company a “neutral” rating in a research note on Wednesday, September 17th. Finally, Wells Fargo & Company dropped their price target on Hudson Pacific Properties from $3.40 to $3.10 and set an “overweight” rating on the stock in a research report on Wednesday, August 27th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $3.20.

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.