Principal Financial Group Inc. Lowers Stock Position in Hudson Pacific Properties, Inc. $HPP

Principal Financial Group Inc. reduced its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 5.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,092,995 shares of the real estate investment trust’s stock after selling 124,502 shares during the period. Principal Financial Group Inc.’s holdings in Hudson Pacific Properties were worth $12,369,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HPP. Hsbc Holdings PLC bought a new position in shares of Hudson Pacific Properties during the 1st quarter worth approximately $370,000. Resona Asset Management Co. Ltd. grew its holdings in shares of Hudson Pacific Properties by 8.4% in the first quarter. Resona Asset Management Co. Ltd. now owns 24,670 shares of the real estate investment trust’s stock valued at $147,000 after acquiring an additional 1,918 shares in the last quarter. Inspire Investing LLC increased its position in shares of Hudson Pacific Properties by 98.2% during the first quarter. Inspire Investing LLC now owns 84,807 shares of the real estate investment trust’s stock valued at $501,000 after acquiring an additional 42,021 shares during the last quarter. Vanderbilt University purchased a new stake in shares of Hudson Pacific Properties during the first quarter valued at approximately $119,000. Finally, Purpose Unlimited Inc. bought a new stake in Hudson Pacific Properties during the fourth quarter worth $4,739,000. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Pacific Properties Stock Performance

Shares of HPP stock opened at $15.24 on Friday. The firm’s 50 day moving average is $14.26 and its 200 day moving average is $10.12. The stock has a market capitalization of $826.89 million, a P/E ratio of -1.51, a PEG ratio of 1.11 and a beta of 1.89. Hudson Pacific Properties, Inc. has a 12 month low of $5.26 and a 12 month high of $21.70. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.28.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.92) by $0.10. The business had revenue of $181.85 million during the quarter, compared to analyst estimates of $175.12 million. Hudson Pacific Properties had a negative net margin of 67.89% and a negative return on equity of 19.05%. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. On average, sell-side analysts anticipate that Hudson Pacific Properties, Inc. will post 1.14 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on HPP. BTIG Research restated a “buy” rating and issued a $26.00 price objective on shares of Hudson Pacific Properties in a research note on Wednesday, May 6th. Citigroup restated a “neutral” rating and set a $13.00 price objective (up from $8.00) on shares of Hudson Pacific Properties in a report on Thursday, May 14th. Mizuho lifted their price objective on shares of Hudson Pacific Properties from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday. Weiss Ratings restated a “sell (d)” rating on shares of Hudson Pacific Properties in a research note on Friday, May 29th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $12.00 price target (up from $7.50) on shares of Hudson Pacific Properties in a report on Tuesday, May 19th. 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.32.

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.