Michael Burry’s Top 10 Stock Picks Heading into 2025

6)  Hudson Pacific Properties, Inc. (NYSE:HPP)

Scion Asset Management’s Stake Value: $5,504,732

Number of Hedge Fund Holders: 29

Hudson Pacific Properties, Inc. (NYSE:HPP) is a real estate investment trust, that serves dynamic tech and media tenants in global epicenters.

Hudson Pacific Properties, Inc. (NYSE:HPP) remains optimistic about the gradual strengthening of West Coast office markets, mainly in San Francisco. The company continues to explore strategic alternatives, which include asset sales, in a bid to improve its portfolio quality. Also, the focus is on acquisitions of higher-performing assets. Wall Street experts opine that tenant demand for Hudson Pacific Properties, Inc. (NYSE:HPP) should be aided by AI companies and professional services.

Hudson Pacific Properties, Inc. (NYSE:HPP)’s balance sheet emphasizes deleveraging and it anticipates that improved studio cash flow should strengthen leverage metrics. The company continues to attract tenants with prebuilt space and is experiencing growth in the AI-related tech pipeline. It focuses on improving office retention rates and has coverage on lease expirations.

In the recent earnings call, Hudson Pacific Properties, Inc. (NYSE:HPP) highlighted that discussions on asset sales are ongoing and several assets are being identified for potential disposition. Notably, efficiency measures and cost-saving initiatives are being implemented in a bid to improve studio margins.

With more than 500,000 square feet of office leases signed in Q2 2024, the company saw a strong start to the year. It expects that its strong leasing execution will continue for the remainder of the year and its leasing pipeline remains healthy.

As per Wall Street, the shares of Hudson Pacific Properties, Inc. (NYSE:HPP) have an average price target of $5.25.