Axa S.A. Purchases 328,803 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP)

AXA S.A. boosted its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 219.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 478,803 shares of the real estate investment trust's stock after acquiring an additional 328,803 shares during the quarter. AXA S.A. owned approximately 0.34% of Hudson Pacific Properties worth $1,451,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GeoWealth Management LLC acquired a new stake in shares of Hudson Pacific Properties during the 4th quarter valued at about $27,000. Xponance Inc. bought a new position in Hudson Pacific Properties during the fourth quarter worth about $30,000. Opinicus Capital Inc. bought a new stake in shares of Hudson Pacific Properties in the fourth quarter worth about $32,000. Cibc World Markets Corp bought a new position in Hudson Pacific Properties during the 4th quarter worth about $39,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 97.58% of the company's stock.

Analysts Set New Price Targets

HPP has been the subject of several research reports. Piper Sandler cut their price objective on shares of Hudson Pacific Properties from $3.50 to $2.50 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Wedbush reaffirmed a "neutral" rating on shares of Hudson Pacific Properties in a research note on Monday, May 5th. BMO Capital Markets raised Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $4.00 to $5.00 in a research note on Friday, March 28th. Wells Fargo & Company upgraded Hudson Pacific Properties from an "equal weight" rating to an "overweight" rating and set a $4.00 target price on the stock in a research note on Monday, March 10th. Finally, Morgan Stanley reaffirmed an "underweight" rating and issued a $1.75 target price on shares of Hudson Pacific Properties in a research note on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $3.63.

Hudson Pacific Properties Stock Performance

Shares of NYSE:HPP traded up $0.03 on Friday, reaching $2.30. The company's stock had a trading volume of 1,290,889 shares, compared to its average volume of 2,858,798. Hudson Pacific Properties, Inc. has a 52-week low of $1.88 and a 52-week high of $6.29. The stock 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 debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26. The stock's 50-day moving average is $2.54 and its two-hundred day moving average is $3.05.

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 analysts' consensus estimates of $0.09. The company had revenue of $198.46 million for the quarter, compared to the consensus estimate of $199.95 million. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. As a group, sell-side analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current year.

About Hudson Pacific Properties

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.