JPMorgan Chase & Co. Boosts Stake in Hudson Pacific Properties, Inc. $HPP

JPMorgan Chase & Co. lifted its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 38.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,320,823 shares of the real estate investment trust’s stock after acquiring an additional 1,192,974 shares during the quarter. JPMorgan Chase & Co. owned 0.08% of Hudson Pacific Properties worth $11,925,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of HPP. Evergreen Capital Management LLC purchased a new position in Hudson Pacific Properties in the second quarter valued at about $28,000. Orion Porfolio Solutions LLC acquired a new stake in Hudson Pacific Properties during the 3rd quarter valued at approximately $28,000. Ethic Inc. purchased a new stake in Hudson Pacific Properties during the 3rd quarter worth approximately $28,000. Discipline Wealth Solutions LLC acquired a new position in shares of Hudson Pacific Properties in the 3rd quarter valued at approximately $30,000. Finally, United Capital Financial Advisors LLC acquired a new position in shares of Hudson Pacific Properties in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 97.58% of the company’s stock.

Hudson Pacific Properties Price Performance

Shares of NYSE HPP opened at $5.59 on Friday. 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 firm has a market capitalization of $302.94 million, a PE ratio of -0.43, a P/E/G ratio of 0.65 and a beta of 1.50. Hudson Pacific Properties, Inc. has a 1-year low of $5.33 and a 1-year high of $22.89. The business’s fifty day moving average price is $7.22 and its two-hundred day moving average price is $12.35.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HPP. Zacks Research raised shares of Hudson Pacific Properties from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Piper Sandler set a $10.00 price target on shares of Hudson Pacific Properties in a report on Tuesday, January 27th. Mizuho reduced their price objective on shares of Hudson Pacific Properties from $21.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Cantor Fitzgerald dropped their target price on shares of Hudson Pacific Properties from $13.00 to $10.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Finally, BTIG Research set a $26.00 target price on shares of Hudson Pacific Properties and gave the stock a “buy” rating in a research report on Friday, January 2nd. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Hudson Pacific Properties currently has a consensus rating of “Hold” and a consensus price target of $13.74.

Hudson Pacific Properties 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.