Hudson Pacific Properties (NYSE:HPP) Stock: Insider Jon Bortz Purchases 10,000 Shares

Hudson Pacific Properties, Inc. (NYSE:HPP) Director Jon Bortz bought 10,000 shares of the firm’s stock in a transaction on Wednesday, November 11th. The stock was purchased at an average price of $8.78 per share, for a total transaction of $87,800.00. Following the completion of the acquisition, the director directly owned 110,394 shares in the company, valued at $969,259.32. The trade was a 9.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hudson Pacific Properties Trading Up 0.6%

Shares of NYSE HPP traded up $0.05 during midday trading on Friday, reaching $8.85. 574,167 shares of the stock were exchanged, compared to its average volume of 992,624. The company has a 50 day simple moving average of $10.95 and a 200 day simple moving average of $10.89. The stock has a market capitalization of $480.50 million, a P/E ratio of -0.87, a PEG ratio of 0.55 and a beta of 2.02. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.11 and a current ratio of 1.33. Hudson Pacific Properties, Inc. has a twelve month low of $5.26 and a twelve month high of $17.20.

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

Institutional Trading of Hudson Pacific Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Polymer Capital Management US LLC acquired a new position in Hudson Pacific Properties during the third quarter worth $529,000. Winslow Asset Management Inc. boosted its position in shares of Hudson Pacific Properties by 19.9% during the third quarter. Winslow Asset Management Inc. now owns 16,235 shares of the real estate investment trust’s stock worth $187,000 after buying an additional 2,700 shares during the period. Advisors Asset Management Inc. purchased a new position in shares of Hudson Pacific Properties during the third quarter worth $1,795,000. Focus Advisor Solutions LLC grew its stake in shares of Hudson Pacific Properties by 46.5% in the third quarter. Focus Advisor Solutions LLC now owns 18,237 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 5,792 shares in the last quarter. Finally, Valueworks LLC grew its stake in shares of Hudson Pacific Properties by 7.4% in the third quarter. Valueworks LLC now owns 1,814,442 shares of the real estate investment trust’s stock valued at $20,939,000 after buying an additional 124,743 shares in the last quarter. Hedge funds and other institutional investors own 97.58% of the company’s stock.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Cantor Fitzgerald upped their price target on Hudson Pacific Properties from $14.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Wall Street Zen downgraded Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research report on Sunday, September 20th. Mizuho raised their price objective on Hudson Pacific Properties from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Citigroup restated a “neutral” rating and issued a $15.00 price objective (up from $13.00) on shares of Hudson Pacific Properties in a report on Thursday, August 13th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $17.00 target price (up from $14.00) on shares of Hudson Pacific Properties in a research report on Tuesday, September 1st. Three investment 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. According to data from MarketBeat, Hudson Pacific Properties has an average rating of “Hold” and an average price target of $15.27.

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.