Parallax Volatility Advisers L.P. Makes New $2.17 Million Investment in Hudson Pacific Properties, Inc. $HPP

Parallax Volatility Advisers L.P. bought a new position in Hudson Pacific Properties, Inc. (NYSE:HPP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 142,647 shares of the real estate investment trust’s stock, valued at approximately $2,167,000.

Other institutional investors have also made changes to their positions in the company. Evergreen Capital Management LLC bought a new position in Hudson Pacific Properties during the second quarter worth $28,000. Orion Porfolio Solutions LLC bought a new stake in Hudson Pacific Properties during the third quarter valued at $28,000. United Capital Financial Advisors LLC acquired a new stake in shares of Hudson Pacific Properties during the third quarter worth $30,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Hudson Pacific Properties during the third quarter worth $32,000. Finally, Allied Private Wealth LLC bought a new position in shares of Hudson Pacific Properties in the 2nd quarter worth about $33,000. 97.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HPP shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Hudson Pacific Properties in a research note on Friday, May 29th. Citigroup restated a “neutral” rating and set a $15.00 price objective (up from $13.00) on shares of Hudson Pacific Properties in a research report on Thursday, August 13th. Piper Sandler raised Hudson Pacific Properties from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $16.00 to $18.00 in a research report on Thursday, August 6th. Wall Street Zen lowered Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $16.00 price target on shares of Hudson Pacific Properties in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $15.57.

Hudson Pacific Properties Stock Performance

Shares of HPP stock opened at $14.32 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 debt-to-equity ratio of 1.33, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $777.15 million, a price-to-earnings ratio of -1.62, a price-to-earnings-growth ratio of 1.14 and a beta of 1.90. The business has a 50 day simple moving average of $14.80 and a 200 day simple moving average of $10.90.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.90). The business had revenue of $188.30 million for the quarter, compared to analyst estimates of $181.80 million. Hudson Pacific Properties had a negative return on equity of 20.76% and a negative net margin of 70.04%.Hudson Pacific Properties has set its FY 2026 guidance at 1.120-1.200 EPS. On average, equities research analysts anticipate that Hudson Pacific Properties, Inc. will post 1.11 EPS for the current year.

Insider Buying and Selling

In other news, Director Jon E. Bortz bought 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average price of $13.40 per share, with a total value of $335,000.00. Following the completion of the acquisition, the director directly owned 35,394 shares in the company, valued at approximately $474,279.60. This trade represents a 240.52% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.47% of the company’s stock.

Hudson Pacific Properties Company 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.