Barclays PLC Grows Stock Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

Barclays PLC grew its stake in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 88.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 460,764 shares of the real estate investment trust's stock after purchasing an additional 216,542 shares during the quarter. Barclays PLC owned about 0.33% of Hudson Pacific Properties worth $1,397,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Xponance Inc. acquired a new position in shares of Hudson Pacific Properties in the 4th quarter valued at $30,000. Opinicus Capital Inc. purchased a new position in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $32,000. Cibc World Markets Corp purchased a new stake in shares of Hudson Pacific Properties during the 4th quarter worth $39,000. Mutual Advisors LLC purchased a new stake in shares of Hudson Pacific Properties in the 4th quarter valued at about $44,000. Finally, Sanctuary Advisors LLC acquired a new position in Hudson Pacific Properties in the 4th quarter valued at $45,000. 97.58% of the stock is owned by hedge funds and other institutional investors.

Hudson Pacific Properties Price Performance

NYSE HPP traded up $0.01 during midday trading on Friday, hitting $2.28. The company had a trading volume of 325,162 shares, compared to its average volume of 2,845,222. Hudson Pacific Properties, Inc. has a twelve month low of $1.88 and a twelve month high of $6.29. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $322.37 million, a PE ratio of -0.89 and a beta of 1.48. The firm has a 50-day moving average price of $2.56 and a 200-day moving average price of $3.09.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last released its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.09 earnings per share for the quarter, meeting analysts' consensus estimates of $0.09. The firm had revenue of $198.46 million during 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, analysts anticipate that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HPP. BTIG Research set a $8.00 price target on shares of Hudson Pacific Properties and gave the company a "buy" rating in a report on Tuesday. Morgan Stanley restated an "underweight" rating and issued a $1.75 price objective on shares of Hudson Pacific Properties in a research report on Tuesday, April 15th. Piper Sandler lowered their target price on shares of Hudson Pacific Properties from $3.50 to $2.50 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. The Goldman Sachs Group reduced their price objective on Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Finally, Scotiabank cut their price target on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $3.63.

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.