Capstone Investment Advisors LLC Takes Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

Capstone Investment Advisors LLC acquired a new position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 175,146 shares of the real estate investment trust's stock, valued at approximately $531,000. Capstone Investment Advisors LLC owned 0.12% of Hudson Pacific Properties as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. lifted its stake in shares of Hudson Pacific Properties by 265.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 10,054,067 shares of the real estate investment trust's stock worth $30,464,000 after buying an additional 7,303,472 shares in the last quarter. Bank of America Corp DE lifted its stake in Hudson Pacific Properties by 113.8% in the 4th quarter. Bank of America Corp DE now owns 1,129,267 shares of the real estate investment trust's stock worth $3,422,000 after purchasing an additional 601,074 shares in the last quarter. Algert Global LLC boosted its holdings in shares of Hudson Pacific Properties by 124.3% during the 4th quarter. Algert Global LLC now owns 1,190,859 shares of the real estate investment trust's stock worth $3,608,000 after purchasing an additional 659,898 shares during the last quarter. AXA S.A. grew its position in shares of Hudson Pacific Properties by 219.2% in the fourth quarter. AXA S.A. now owns 478,803 shares of the real estate investment trust's stock valued at $1,451,000 after purchasing an additional 328,803 shares in the last quarter. Finally, Almitas Capital LLC acquired a new stake in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $269,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have 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 research report on Tuesday. Morgan Stanley reissued an "underweight" rating and issued a $1.75 price target on shares of Hudson Pacific Properties in a research note on Tuesday, April 15th. The Goldman Sachs Group reduced their price target on shares of 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. Wedbush reiterated a "neutral" rating on shares of Hudson Pacific Properties in a report on Monday. Finally, Jefferies Financial Group began coverage on Hudson Pacific Properties in a research note on Monday, March 17th. They set a "hold" rating and a $2.70 target price for the company. Two equities 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 company. According to MarketBeat.com, Hudson Pacific Properties has a consensus rating of "Hold" and an average price target of $3.63.

Hudson Pacific Properties Stock Performance

Shares of Hudson Pacific Properties stock traded up $0.03 during trading hours on Friday, hitting $2.30. 1,290,889 shares of the company were exchanged, compared to its average volume of 2,854,188. Hudson Pacific Properties, Inc. has a 1 year low of $1.88 and a 1 year high of $6.29. The stock has a market capitalization of $325.20 million, a price-to-earnings 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. The business has a 50-day moving average of $2.54 and a 200-day moving average of $3.07.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last announced its quarterly earnings data 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. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. The company had revenue of $198.46 million for the quarter, compared to analyst estimates of $199.95 million. As a group, analysts expect that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

Hudson Pacific Properties 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.