Hudson Pacific Properties, Inc. $HPP Stock: Knights of Columbus Asset Advisors LLC Raises Position

Knights of Columbus Asset Advisors LLC grew its stake in Hudson Pacific Properties, Inc. (NYSE:HPP) by 277.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 183,606 shares of the real estate investment trust’s stock after buying an additional 134,921 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Hudson Pacific Properties were worth $2,119,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Hudson Pacific Properties during the 2nd quarter worth $102,830,000. Valueworks LLC purchased a new stake in Hudson Pacific Properties in the second quarter valued at $25,667,000. Wellington Management Group LLP purchased a new stake in Hudson Pacific Properties in the second quarter valued at $23,325,000. Bank of America Corp DE acquired a new position in Hudson Pacific Properties in the second quarter valued at $5,138,000. Finally, Militia Capital Management LLC acquired a new position in Hudson Pacific Properties in the first quarter valued at $1,904,000. 97.58% of the stock is owned by hedge funds and other institutional investors.

Hudson Pacific Properties Stock Performance

Shares of Hudson Pacific Properties stock opened at $8.64 on Thursday. The firm’s fifty day simple moving average is $11.11 and its 200-day simple moving average is $10.89. The stock has a market capitalization of $469.45 million, a price-to-earnings ratio of -0.85, a PEG ratio of 0.55 and a beta of 2.02. Hudson Pacific Properties, Inc. has a 12 month low of $5.26 and a 12 month high of $17.20. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.33 and a quick ratio of 1.11.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings results on Thursday, November 5th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.73) by $1.01. The firm had revenue of $180.89 million during the quarter, compared to analysts’ expectations of $181.62 million. Hudson Pacific Properties had a negative net margin of 80.01% and a negative return on equity of 25.07%. Hudson Pacific Properties has set its FY 2026 guidance at 1.150-1.210 EPS. As a group, equities analysts forecast that Hudson Pacific Properties, Inc. will post 1.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HPP. Citigroup reaffirmed a “neutral” rating and set a $15.00 price objective (up from $13.00) on shares of Hudson Pacific Properties in a report on Thursday, August 13th. Cantor Fitzgerald boosted their target price on Hudson Pacific Properties from $14.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 7th. The Goldman Sachs Group reissued a “neutral” rating and issued a $16.00 target price on shares of Hudson Pacific Properties in a research report on Monday, August 10th. Piper Sandler downgraded Hudson Pacific Properties from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $15.00 to $13.00 in a research note on Monday, October 19th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Hudson Pacific Properties in a research note on Wednesday, August 26th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Hudson Pacific Properties has a consensus rating of “Hold” and a consensus target price of $15.27.

About Hudson Pacific Properties

Hudson Pacific Properties is a real estate investment trust that owns, operates and develops office and studio properties. Its office buildings serve businesses in sectors such as technology, media and entertainment, while its studio facilities provide sound stages and production space for film and television work. The company’s properties are concentrated in major West Coast markets, including Los Angeles, the San Francisco Bay Area and Seattle, as well as Vancouver, British Columbia. Its studio platform, Sunset Studios, supports production activity with purpose-built facilities and related services.