State of Wyoming Trims Stock Holdings in Hudson Pacific Properties, Inc. $HPP

State of Wyoming decreased its stake in Hudson Pacific Properties, Inc. (NYSE:HPP) by 86.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,671 shares of the real estate investment trust’s stock after selling 156,597 shares during the quarter. State of Wyoming’s holdings in Hudson Pacific Properties were worth $267,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in Hudson Pacific Properties by 14.3% in the third quarter. Vanguard Group Inc. now owns 38,453,976 shares of the real estate investment trust’s stock worth $106,133,000 after buying an additional 4,815,234 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in Hudson Pacific Properties by 122.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 15,712,981 shares of the real estate investment trust’s stock worth $43,054,000 after buying an additional 8,646,463 shares in the last quarter. Conversant Capital LLC raised its holdings in Hudson Pacific Properties by 293.6% during the second quarter. Conversant Capital LLC now owns 10,700,000 shares of the real estate investment trust’s stock valued at $29,318,000 after acquiring an additional 7,981,580 shares during the period. Hudson Bay Capital Management LP raised its holdings in Hudson Pacific Properties by 1.0% during the third quarter. Hudson Bay Capital Management LP now owns 6,987,635 shares of the real estate investment trust’s stock valued at $19,286,000 after acquiring an additional 68,089 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in Hudson Pacific Properties by 25.0% during the third quarter. Russell Investments Group Ltd. now owns 6,225,104 shares of the real estate investment trust’s stock valued at $17,181,000 after acquiring an additional 1,245,435 shares during the period. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Trading Down 2.7%

Shares of HPP stock opened at $15.08 on Thursday. 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. The stock’s 50-day moving average price is $9.85 and its 200-day moving average price is $9.42. The stock has a market capitalization of $818.10 million, a price-to-earnings ratio of -1.49, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94.

Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.92) by $0.10. Hudson Pacific Properties had a negative return on equity of 19.05% and a negative net margin of 67.89%.The firm had revenue of $181.85 million for the quarter, compared to analysts’ expectations of $175.12 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. Equities research analysts predict that Hudson Pacific Properties, Inc. will post 1.06 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on HPP. BTIG Research reissued a “buy” rating and set a $26.00 price target on shares of Hudson Pacific Properties in a report on Wednesday, May 6th. Wells Fargo & Company raised their price target on Hudson Pacific Properties from $13.50 to $14.00 and gave the company an “overweight” rating in a report on Monday, June 1st. The Goldman Sachs Group reissued a “neutral” rating and set a $12.00 price target (up from $7.50) on shares of Hudson Pacific Properties in a report on Tuesday, May 19th. Weiss Ratings reissued a “sell (d)” rating on shares of Hudson Pacific Properties in a report on Friday, May 29th. Finally, Cantor Fitzgerald decreased their price target on Hudson Pacific Properties from $13.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Hudson Pacific Properties has a consensus rating of “Hold” and an average target price of $14.82.

About Hudson Pacific Properties

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.