Balyasny Asset Management L.P. Has $30.46 Million Stock Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

Balyasny Asset Management L.P. lifted its stake in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 265.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,054,067 shares of the real estate investment trust's stock after buying an additional 7,303,472 shares during the period. Balyasny Asset Management L.P. owned about 7.12% of Hudson Pacific Properties worth $30,464,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HPP. Green Alpha Advisors LLC boosted its stake in shares of Hudson Pacific Properties by 77.7% in the 4th quarter. Green Alpha Advisors LLC now owns 521,592 shares of the real estate investment trust's stock valued at $1,580,000 after purchasing an additional 228,079 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in Hudson Pacific Properties during the fourth quarter worth about $436,000. Brown University acquired a new stake in shares of Hudson Pacific Properties during the fourth quarter worth approximately $1,832,000. Helix Partners Management LP bought a new position in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $579,000. Finally, Sanctuary Advisors LLC bought a new position in Hudson Pacific Properties in the 4th quarter valued at $45,000. Institutional investors and hedge funds own 97.58% of the company's stock.

Analyst Upgrades and Downgrades

HPP has been the topic of several research analyst reports. Jefferies Financial Group initiated coverage on shares of Hudson Pacific Properties in a research note on Monday, March 17th. They set a "hold" rating and a $2.70 price target on the stock. Wells Fargo & Company upgraded Hudson Pacific Properties from an "equal weight" rating to an "overweight" rating and set a $4.00 target price for the company in a research report on Monday, March 10th. Wedbush reissued a "neutral" rating on shares of Hudson Pacific Properties in a research note on Monday. BMO Capital Markets raised shares of Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $4.00 to $5.00 in a report on Friday, March 28th. Finally, BTIG Research set a $8.00 price objective on Hudson Pacific Properties and gave the stock a "buy" rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $3.63.

Hudson Pacific Properties Stock Up 1.3 %

NYSE HPP traded up $0.03 during 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. Hudson Pacific Properties, Inc. has a 12 month low of $1.88 and a 12 month high of $6.29. 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's 50-day moving average price is $2.54 and its two-hundred day moving average price is $3.07. The company has a market capitalization of $325.20 million, a PE ratio of -0.89 and a beta of 1.48.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last announced its 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 net margin of 44.01% and a negative return on equity of 12.64%. The business had revenue of $198.46 million during the quarter, compared to analysts' expectations of $199.95 million. As a group, sell-side analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current 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.