HPP

Hudson Pacific Properties
HPP

$5.08

2.42%

Market Cap: $717M

About: Hudson Pacific Properties Inc is a real estate investment trust that acquires, operates, and owns office buildings and media and entertainment properties, such as sound stages, on America's West Coast. The company focuses on developed, urban markets in Northern California, Southern California, and the Pacific Northwest. In terms of total square footage, the vast majority of Hudson Pacific's real estate portfolio is composed of office properties located in the Greater Seattle, San Francisco, and Los Angeles areas. The company operates in two reportable segments; office properties & related operations; and studio properties & related operations. The majority of revenue is derived from the office properties & related operations segment.

Employees: 758

Real Estate Real Estate

0

Funds holding %

of 6,710 funds

0

Analysts bullish %

of 8 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

77% more call options, than puts

Call options by funds: $1.33M | Put options by funds: $750K

0% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]

0% more repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 87

1% less funds holding

Funds holding: 240 [Q1] → 238 (-2) [Q2]

6% less first-time investments, than exits

New positions opened: 32 | Existing positions closed: 34

27% less capital invested

Capital invested by funds: $977M [Q1] → $710M (-$267M) [Q2]

46.15% less ownership

Funds ownership: 151.28% [Q1] → 105.13% (-46.15%) [Q2]

See Fund Rankings

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$4

21%

downside

Avg. target

$5.31

5%

upside

High target

$7

38%

upside

8 analyst ratings

1 positive

13%

5 neutral

63%

2 negative

25%

Wells Fargo Blaine Heck 50% 1-year accuracy 6 / 12 met price target	11%downside $4.50	Equal-Weight Maintained	11 Sept 2024
Scotiabank Nicholas Yulico 72% 1-year accuracy 18 / 25 met price target	18%upside $6	Sector Perform Maintained	26 Aug 2024
B of A Securities Camille Bonnel 67% 1-year accuracy 2 / 3 met price target	21%downside $4	Underperform Maintained	22 Aug 2024
Goldman Sachs Caitlin Burrows 56% 1-year accuracy 18 / 32 met price target	7%downside $4.70	Neutral Maintained	14 Aug 2024
Piper Sandler Alexander Goldfarb 64% 1-year accuracy 34 / 53 met price target	18%upside $6	Neutral Downgraded	8 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 5 articles about HPP published over the past 30 days

Following their worst week since mid-2023, U.S. equity markets rebounded this week while benchmark interest rates dipped to two-year lows as investors parsed a relatively encouraging slate of inflation data. The critical CPI and PPI reports showed that - excluding the dubious shelter component - consumer and producer price pressures now appear well-contained, following the painful pandemic-era inflation surge. The S&P 500 rallied 4.0%, lifting the major equity benchmark to within 0.5% of fresh record highs. The policy-sensitive 2-Year Treasury Yield dipped to the lowest level in two years.

Fed Ahead

This REIT dropped its dividend again. The Hollywood strikes are still causing pain.

Hudson Pacific Properties' stock sank Tuesday after the real-estate investment trust suspended its dividend, as the company continues to struggle nearly a year after the Hollywood writers and actors strikes ended.

This REIT dropped its dividend again. The Hollywood strikes are still causing pain.

Hudson Pacific Properties Suspends Common Stock Dividend and Declares Preferred Stock Dividend

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP) (the “Company”), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced that its Board of Directors suspended the Company's quarterly dividend on its common stock, commencing with the third quarter dividend that would have been paid in September 2024. Chairman and Chief Executive Officer Victor Coleman said, “Studio demand has recovered more slowly than anticipated following the.

Hudson Pacific Properties Suspends Common Stock Dividend and Declares Preferred Stock Dividend

Hudson Pacific Properties: The Preferreds Have Dipped, But I'm Not Buying

Hudson Pacific Properties has faced headwinds from rising office vacancy in the San Francisco Bay Area. The Series C Preferreds currently offer a 9.3% yield on cost and are trading at a reasonable discount to their liquidation value. HPP faces a $600 million debt maturity due next year and $952.8 million in 2026 as leases covering 18.9% of its rent are set to expire next year.

Hudson Pacific Properties: The Preferreds Have Dipped, But I'm Not Buying

Top 3 Michael Burry Stock Picks to Watch in 2024

As the quarter winds down, investors can look at 13-F filings to determine what the best minds on Wall Street are planning for the coming months. The Securities and Exchange Commission (SEC) requires these filings whenever an individual investor or fund holds a significant enough stake in any given stock, so this is a regular filing for big players like Warren Buffett.

Top 3 Michael Burry Stock Picks to Watch in 2024

Michael Burry's shocking move: Ditching gold for bold bet on these assets

In one of his more shocking moves, Michael Burry of ‘ The Big Short ' has decided to sell all of his gold and direct his investments elsewhere – including consumerism, office space for technology companies, the strength of the United States dollar, Chinese stocks, and the U.S. job market.

Michael Burry's shocking move: Ditching gold for bold bet on these assets

Michael Burry takes a new position in Hudson Pacific: Should you follow?

Famed investor Michael Burry, renowned for his prescient bet against the U.S. housing market prior to the 2008 financial crisis, has made a strategic move in Q2 2024 by initiating a new position in Hudson Pacific Properties Inc (NYSE: HPP).

Michael Burry takes a new position in Hudson Pacific: Should you follow?

Hudson Pacific: Preferreds Catch Up To Common, More Downside Ahead

HPP.PR.C shares dropped 20% since last article, while the common shares have fallen only 2%. HPP occupancy rate dropped year over year to 78.7%. We examine the setup after the Q2-2024 results and the outlook downgrade by the company.

Hudson Pacific: Preferreds Catch Up To Common, More Downside Ahead

Office REIT Hudson Pacific Properties New Guidance Numbers Indicate Continued Weakness

Management's 3Q FFO guidance of $0.08-$0.12 disappointed REIT investors. Studio rentals continue to be weak even after various union contracts were settled. There is the risk that Hudson Pacific Properties could be in violation of debt covenants in the future.

Office REIT Hudson Pacific Properties New Guidance Numbers Indicate Continued Weakness

Zacks Investment Research

Hudson Pacific (HPP) Reports Q2 Earnings: What Key Metrics Have to Say

Although the revenue and EPS for Hudson Pacific (HPP) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Hudson Pacific (HPP) Reports Q2 Earnings: What Key Metrics Have to Say

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