Hudson Pacific Properties (HPP)
Real estate investment trust pairing Class-A office towers with Hollywood studio and soundstage properties.
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Owns and operates Class-A office buildings and film/TV studio properties as a single real estate investment trust catering to technology and media tenants, with holdings concentrated across West Coast innovation hubs and Hollywood studio lots.
Owns and operates Class-A office buildings alongside film and television studio properties, combining both under one real estate investment trust built for technology and media tenants.
Office holdings concentrate in West Coast innovation hubs — Los Angeles, the San Francisco Bay Area, Silicon Valley, Seattle, and Vancouver. The studio segment is built around the Sunset Studios lots in Hollywood and a New York soundstage totaling 45 owned sound stages, supported by a production-services business renting vehicles, lighting, and grip equipment.
Most revenue comes from office leasing, while the studio segment tracks the pace of Hollywood and New York production activity. Founded in 2006 and listed on the NYSE in 2010, it is the only publicly traded owner-operator pairing premier office and studio real estate under one roof.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 1, 2026 | Wells Fargo | Reiterate | Rating: —Target: $2.60 | Target: $17 |
| Aug 10, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $12 | Target: $16 |
| Aug 7, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $13 | Target: $17 |
| Aug 6, 2026 | Piper Sandler | Upgrade | Target: $12 | Target: $18 |
| Jul 22, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $8 | Target: $9 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $80.8M · Total debt $3.74B · Total assets $7.17B · Shareholders' equity $2.81B
- Revenue
- $188.3M
- Operating income
- −$9.5M
- Net income
- −$99.5M
HistoryDividendAnnual yield
| Institutions | 123.30% | 66.88M shares | |
|---|---|---|---|
| 206 holders · as of Jun 30, 2026 | |||
| Insiders | 1.07% | 579.0K shares | |
| 20 holders · as of Aug 11, 2026 | |||
| Adds to | 124.37% | ||
54.24M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 124.37%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Cohen & Steers, Inc.Institution | 18.15% | 9.85M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 12.48% | 6.77M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.41% | 2.93M | as of Jun 30, 2026 |
T. Rowe Price Investment Management, Inc.Institution | 5.24% | 2.84M | as of Jun 30, 2026 |
Philosophy Capital Management LLCInstitution | 5.10% | 2.76M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 11, 2026 | Jon E. Bortz | director | +25,000 | $13.40 |
| Mar 30, 2026 | T. Ritson Ferguson | director | +16,000 | $5.97 |
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- Douglas Emmett
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- Vornado Realty Trust
Manhattan office giant and Sunset Pier 94 Studios JV co-investor
- American Assets Trust
Diversified West Coast REIT with partial office overlap in SF and Bellevue
- SL Green Realty
Manhattan's largest office landlord, overlapping via media tenants and capital
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hudson Pacific Properties | $11.93 | −1.24% | $655.2M | — | — | 0.8 | −0.9% |
| Kilroy Realty | $34.59 | −0.43% | $4.04B | 24.3 | 82.2 | 3.7 | −6.0% |
| BXP | $63.59 | −1.12% | $10.26B | 34.6 | 31.0 | 2.9 | +3.1% |
| Douglas Emmett | $10.19 | −1.74% | $1.74B | — | — | 1.7 | +1.6% |
| Vornado Realty Trust | $35.02 | −0.74% | $6.64B | 1,065.9 | — | 3.6 | +4.7% |
| American Assets Trust | $21.75 | −1.18% | $1.35B | 81.8 | 55.8 | 3.1 | +1.4% |
| SL Green Realty | $51.89 | −1.12% | $3.73B | — | — | 3.6 | +16.5% |
| Median | 58.2 | 55.8 | 3.3 | +2.4% |