Allspring Global Investments Holdings LLC Acquires New Shares in Hudson Pacific Properties, Inc. $HPP

Allspring Global Investments Holdings LLC bought a new position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 266,224 shares of the real estate investment trust’s stock, valued at approximately $729,000. Allspring Global Investments Holdings LLC owned approximately 0.19% of Hudson Pacific Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Hudson Pacific Properties by 10.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,241,593 shares of the real estate investment trust’s stock worth $18,413,000 after buying an additional 573,233 shares during the last quarter. Nuveen LLC purchased a new position in Hudson Pacific Properties during the 1st quarter valued at about $10,333,000. Presima Securities ULC raised its position in Hudson Pacific Properties by 10.4% during the first quarter. Presima Securities ULC now owns 2,765,776 shares of the real estate investment trust’s stock worth $8,159,000 after acquiring an additional 260,793 shares during the last quarter. Conversant Capital LLC purchased a new stake in shares of Hudson Pacific Properties in the first quarter valued at about $8,019,000. Finally, Davis Selected Advisers grew its position in shares of Hudson Pacific Properties by 0.7% in the first quarter. Davis Selected Advisers now owns 2,296,963 shares of the real estate investment trust’s stock valued at $6,776,000 after purchasing an additional 16,000 shares during the last quarter. Institutional investors and hedge funds own 97.58% of the company’s stock.

Hudson Pacific Properties Trading Down 0.2%

NYSE HPP opened at $2.56 on Friday. The stock’s 50 day moving average is $2.73 and its 200 day moving average is $2.51. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $968.73 million, a PE ratio of -0.91 and a beta of 1.64. Hudson Pacific Properties, Inc. has a twelve month low of $1.78 and a twelve month high of $4.70.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HPP. New Street Research set a $2.40 target price on Hudson Pacific Properties in a research note on Monday, October 13th. Jefferies Financial Group reduced their price objective on Hudson Pacific Properties from $2.50 to $2.40 and set a “hold” rating on the stock in a research report on Monday, October 13th. Wells Fargo & Company dropped their price objective on Hudson Pacific Properties from $3.40 to $3.10 and set an “overweight” rating for the company in a research report on Wednesday, August 27th. The Goldman Sachs Group upped their target price on shares of Hudson Pacific Properties from $2.80 to $3.20 and gave the company a “neutral” rating in a report on Wednesday, September 17th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hudson Pacific Properties in a report on Tuesday, October 14th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $3.13.

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.