Hudson Pacific Properties, Inc. $HPP Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 27.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,556 shares of the real estate investment trust’s stock after purchasing an additional 42,437 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.05% of Hudson Pacific Properties worth $533,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HPP. Allspring Global Investments Holdings LLC acquired a new position in Hudson Pacific Properties during the 2nd quarter worth about $729,000. Public Employees Retirement System of Ohio increased its stake in Hudson Pacific Properties by 133.6% during the second quarter. Public Employees Retirement System of Ohio now owns 500,928 shares of the real estate investment trust’s stock worth $1,373,000 after purchasing an additional 286,477 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in Hudson Pacific Properties during the second quarter worth about $29,000. Ieq Capital LLC lifted its position in shares of Hudson Pacific Properties by 73.0% during the first quarter. Ieq Capital LLC now owns 33,782 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 14,257 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Hudson Pacific Properties by 1,150.4% in the first quarter. Russell Investments Group Ltd. now owns 260,599 shares of the real estate investment trust’s stock valued at $769,000 after purchasing an additional 239,758 shares during the period. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HPP shares. The Goldman Sachs Group upped their target price on shares of Hudson Pacific Properties from $2.80 to $3.20 and gave the stock a “neutral” rating in a research note on Wednesday, September 17th. Cantor Fitzgerald assumed coverage on shares of Hudson Pacific Properties in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $3.50 price target for the company. Jefferies Financial Group cut 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hudson Pacific Properties in a research note on Tuesday, October 14th. Finally, New Street Research set a $2.40 target price on Hudson Pacific Properties in a research note on Monday, October 13th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $3.13.

Hudson Pacific Properties Stock Up 0.6%

Shares of NYSE HPP opened at $2.45 on Friday. The business has a 50-day moving average of $2.71 and a two-hundred day moving average of $2.52. The company has a market capitalization of $927.02 million, a price-to-earnings ratio of -0.87 and a beta of 1.64. Hudson Pacific Properties, Inc. has a 1 year low of $1.78 and a 1 year high of $4.67. 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 (NYSE:HPP) last issued its 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. 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 forecast that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal year.

Hudson Pacific Properties 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.