Algert Global LLC Raises Stock Holdings in Hudson Pacific Properties, Inc. (NYSE:HPP)

Algert Global LLC increased its position in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 124.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,190,859 shares of the real estate investment trust's stock after buying an additional 659,898 shares during the quarter. Algert Global LLC owned 0.84% of Hudson Pacific Properties worth $3,608,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GeoWealth Management LLC purchased a new position in shares of Hudson Pacific Properties in the fourth quarter valued at about $27,000. Xponance Inc. bought a new position in shares of Hudson Pacific Properties in the 4th quarter worth about $30,000. Opinicus Capital Inc. purchased a new position in shares of Hudson Pacific Properties during the fourth quarter valued at approximately $32,000. Cibc World Markets Corp purchased a new position in Hudson Pacific Properties during the fourth quarter valued at $39,000. Finally, Boothbay Fund Management LLC bought a new position in Hudson Pacific Properties in the 4th quarter worth about $40,000. 97.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on HPP shares. Morgan Stanley reaffirmed an "underweight" rating and issued a $1.75 price objective on shares of Hudson Pacific Properties in a research report on Tuesday, April 15th. Scotiabank dropped their price objective on Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating on the stock in a research report on Tuesday, February 18th. BMO Capital Markets raised shares of Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and raised their price target for the company from $4.00 to $5.00 in a report on Friday, March 28th. Jefferies Financial Group initiated coverage on shares of Hudson Pacific Properties in a research report on Monday, March 17th. They issued a "hold" rating and a $2.70 target price for the company. Finally, Wells Fargo & Company raised Hudson Pacific Properties from an "equal weight" rating to an "overweight" rating and set a $4.00 price objective for the company in a report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $3.63.

Hudson Pacific Properties Price Performance

Hudson Pacific Properties stock traded up $0.03 during mid-day trading on Friday, hitting $2.30. The stock had a trading volume of 1,290,889 shares, compared to its average volume of 2,854,188. The firm's 50 day moving average is $2.54 and its 200 day moving average is $3.07. Hudson Pacific Properties, Inc. has a one year low of $1.88 and a one year high of $6.29. The firm has a market capitalization of $325.20 million, a P/E ratio of -0.89 and a beta of 1.48. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The business had revenue of $198.46 million during the quarter, compared to the consensus estimate of $199.95 million. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. On average, sell-side analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal year.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties NYSE: HPP is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.