CastleKnight Management LP Sells 121,900 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP)

CastleKnight Management LP lessened its stake in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 50.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 121,800 shares of the real estate investment trust's stock after selling 121,900 shares during the quarter. CastleKnight Management LP owned about 0.09% of Hudson Pacific Properties worth $369,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HPP. GeoWealth Management LLC bought a new position in Hudson Pacific Properties during the fourth quarter worth $27,000. Xponance Inc. bought a new position in Hudson Pacific Properties during the fourth quarter worth $30,000. Opinicus Capital Inc. bought a new position in Hudson Pacific Properties during the fourth quarter worth $32,000. Cibc World Markets Corp acquired a new stake in Hudson Pacific Properties in the fourth quarter worth $39,000. Finally, Boothbay Fund Management LLC acquired a new stake in Hudson Pacific Properties in the fourth quarter worth $40,000. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Pacific Properties Trading Up 4.6%

NYSE HPP traded up $0.11 on Monday, reaching $2.38. The company had a trading volume of 1,054,053 shares, compared to its average volume of 2,852,149. The stock's 50 day moving average is $2.54 and its 200-day moving average is $3.05. The stock has a market cap of $335.81 million, a price-to-earnings ratio of -0.92 and a beta of 1.48. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. Hudson Pacific Properties, Inc. has a 52 week low of $1.88 and a 52 week high of $6.29.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last posted its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.09. The firm had revenue of $198.46 million during the quarter, compared to analysts' expectations of $199.95 million. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. Equities analysts predict that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on HPP. Wells Fargo & Company raised Hudson Pacific Properties from an "equal weight" rating to an "overweight" rating and set a $4.00 price target on the stock in a report on Monday, March 10th. Piper Sandler lowered their price target on Hudson Pacific Properties from $3.50 to $2.50 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. BMO Capital Markets raised Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and raised their price target for the company from $4.00 to $5.00 in a report on Friday, March 28th. BTIG Research set a $8.00 price target on Hudson Pacific Properties and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, The Goldman Sachs Group lowered their target price on Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $3.63.

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.