Algert Global LLC raised its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 124.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,190,859 shares of the real estate investment trust's stock after purchasing an additional 659,898 shares during the period. 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.
A number of other hedge funds also recently made changes to their positions in the company. GeoWealth Management LLC purchased a new stake in shares of Hudson Pacific Properties during the 4th quarter worth approximately $27,000. Xponance Inc. bought a new position in Hudson Pacific Properties during the fourth quarter valued at $30,000. Opinicus Capital Inc. bought a new stake in shares of Hudson Pacific Properties in the 4th quarter worth about $32,000. Cibc World Markets Corp bought a new stake in shares of Hudson Pacific Properties in the 4th quarter worth about $39,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of Hudson Pacific Properties during the 4th quarter worth about $40,000. 97.58% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts have issued reports on HPP shares. BTIG Research set a $8.00 price objective on shares of Hudson Pacific Properties and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Piper Sandler cut their price objective on Hudson Pacific Properties from $3.50 to $2.50 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. BMO Capital Markets raised shares of Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $4.00 to $5.00 in a research note on Friday, March 28th. Morgan Stanley reiterated an "underweight" rating and set a $1.75 price objective on shares of Hudson Pacific Properties in a report on Tuesday, April 15th. Finally, Wells Fargo & Company raised shares of Hudson Pacific Properties from an "equal weight" rating to an "overweight" rating and set a $4.00 price target for the company in a research note on Monday, March 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $3.63.
Check Out Our Latest Analysis on Hudson Pacific Properties
Hudson Pacific Properties Stock Up 3.9%
NYSE:HPP traded up $0.09 during trading hours on Monday, reaching $2.36. The company's stock had a trading volume of 729,569 shares, compared to its average volume of 2,733,055. The stock has a 50 day moving average price of $2.54 and a two-hundred day moving average price of $3.05. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $333.40 million, a P/E ratio of -0.92 and a beta of 1.48. Hudson Pacific Properties, Inc. has a 12 month low of $1.88 and a 12 month high of $6.28.
Hudson Pacific Properties (NYSE:HPP - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. The firm had revenue of $198.46 million during the quarter, compared to analyst estimates of $199.95 million. Equities analysts predict that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.
About Hudson Pacific Properties
(
Free Report)
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.
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