Insider Buying: Hudson Pacific Properties (NYSE:HPP) CEO Buys $182,000.00 in Stock

Hudson Pacific Properties, Inc. (NYSE:HPP) CEO Victor Coleman bought 20,000 shares of Hudson Pacific Properties stock in a transaction dated Tuesday, November 10th. The stock was purchased at an average cost of $9.10 per share, for a total transaction of $182,000.00. Following the completion of the acquisition, the chief executive officer directly owned 121,663 shares of the company’s stock, valued at approximately $1,107,133.30. The trade was a 19.67% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hudson Pacific Properties Price Performance

Shares of NYSE:HPP traded up $0.05 during mid-day trading on Friday, reaching $8.85. The stock had a trading volume of 574,167 shares, compared to its average volume of 992,624. The business’s 50 day moving average price is $10.95 and its 200 day moving average price is $10.89. Hudson Pacific Properties, Inc. has a 1 year low of $5.26 and a 1 year high of $17.20. The company has a market cap of $480.50 million, a P/E ratio of -0.87, a price-to-earnings-growth ratio of 0.55 and a beta of 2.02. The company has a current ratio of 1.33, a quick ratio of 1.11 and a debt-to-equity ratio of 1.46.

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

Analysts Set New Price Targets

HPP has been the subject of a number of research reports. Piper Sandler downgraded Hudson Pacific Properties from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $15.00 to $13.00 in a research report on Monday, October 19th. Zacks Research lowered shares of Hudson Pacific Properties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 8th. Cantor Fitzgerald boosted their price target on shares of Hudson Pacific Properties from $14.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hudson Pacific Properties in a research note on Wednesday, August 26th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $17.00 price target (up from $14.00) on shares of Hudson Pacific Properties in a research note on Tuesday, September 1st. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.27.

Hudson Pacific Properties News Summary

Investors following HPP have been watching these news items:

• Positive Sentiment: CEO Victor Coleman bought 20,000 shares for $182,000, and President Mark Lammas bought 5,000 shares for $43,650. Director Jon Bortz made three purchases totaling 75,000 shares for about $680,000. Together, the disclosed purchases amounted to roughly 100,000 shares and $906,000 across several days. Insider buying may support investor sentiment, though it does not guarantee improved business performance. Coleman filing Lammas filing Bortz filing

Institutional Investors Weigh In On Hudson Pacific Properties

Several large investors have recently added to or reduced their stakes in HPP. Militia Capital Management LLC purchased a new stake in Hudson Pacific Properties during the first quarter valued at approximately $1,904,000. Whitebox Advisors LLC lifted its stake in shares of Hudson Pacific Properties by 1,618.4% in the 1st quarter. Whitebox Advisors LLC now owns 189,080 shares of the real estate investment trust’s stock valued at $1,117,000 after purchasing an additional 178,077 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Hudson Pacific Properties by 14.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 705,984 shares of the real estate investment trust’s stock worth $4,172,000 after purchasing an additional 89,787 shares during the period. Saba Capital Management L.P. boosted its holdings in shares of Hudson Pacific Properties by 49.8% in the 1st quarter. Saba Capital Management L.P. now owns 831,868 shares of the real estate investment trust’s stock worth $4,916,000 after purchasing an additional 276,459 shares during the period. Finally, Bank of America Corp DE bought a new position in shares of Hudson Pacific Properties during the 2nd quarter valued at approximately $5,138,000. 97.58% of the stock is owned by institutional investors.

Hudson Pacific Properties Company Profile

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.