Investors Purchase High Volume of Hudson Pacific Properties Put Options (NYSE:HPP)

Hudson Pacific Properties, Inc. (NYSE:HPP) saw some unusual options trading on Tuesday. Stock traders bought 5,000 put options on the stock. This is an increase of 409% compared to the typical daily volume of 983 put options.

Hedge Funds Weigh In On Hudson Pacific Properties

Hedge funds have recently bought and sold shares of the company. Ethic Inc. acquired a new position in Hudson Pacific Properties in the third quarter worth about $28,000. Evergreen Capital Management LLC acquired a new position in Hudson Pacific Properties in the second quarter worth about $28,000. Orion Porfolio Solutions LLC acquired a new position in Hudson Pacific Properties in the third quarter worth about $28,000. Discipline Wealth Solutions LLC acquired a new position in Hudson Pacific Properties in the third quarter worth about $30,000. Finally, United Capital Financial Advisors LLC acquired a new position in Hudson Pacific Properties in the third quarter worth about $30,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Morgan Stanley cut their price objective on Hudson Pacific Properties from $8.00 to $5.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 31st. The Goldman Sachs Group set a $14.50 target price on Hudson Pacific Properties and gave the company a “neutral” rating in a research note on Thursday, January 29th. Citigroup raised their target price on Hudson Pacific Properties from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Wells Fargo & Company lowered their target price on Hudson Pacific Properties from $18.20 to $13.50 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Finally, Wall Street Zen upgraded Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $14.11.

Hudson Pacific Properties Stock Up 0.8%

Shares of Hudson Pacific Properties stock opened at $6.16 on Wednesday. The business has a 50-day moving average of $6.47 and a 200-day moving average of $11.17. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.78 and a quick ratio of 1.78. The company has a market capitalization of $334.12 million, a PE ratio of -0.47, a P/E/G ratio of 0.63 and a beta of 1.51. Hudson Pacific Properties has a 1-year low of $5.26 and a 1-year high of $21.70.

Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Thursday, February 26th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. The company had revenue of $256.03 million during the quarter, compared to the consensus estimate of $168.02 million. Hudson Pacific Properties had a negative return on equity of 19.89% and a negative net margin of 69.12%.Hudson Pacific Properties has set its FY 2026 guidance at 0.960-1.060 EPS. As a group, equities analysts forecast that Hudson Pacific Properties will post 0.45 EPS for the current fiscal year.

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.