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

CastleKnight Management LP decreased its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 50.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 121,800 shares of the real estate investment trust's stock after selling 121,900 shares during the quarter. CastleKnight Management LP owned 0.09% of Hudson Pacific Properties worth $369,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

HPP has been the subject of several research reports. BTIG Research set a $8.00 target price on Hudson Pacific Properties and gave the company a "buy" rating in a research report on Tuesday. Wells Fargo & Company upgraded shares of 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 report on Monday, March 10th. BMO Capital Markets upgraded shares of Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and upped their price target for the company from $4.00 to $5.00 in a research report on Friday, March 28th. The Goldman Sachs Group cut 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 report on Tuesday, April 22nd. Finally, Scotiabank decreased their price objective on Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating for the company in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Hudson Pacific Properties presently has an average rating of "Hold" and a consensus price target of $3.63.

Hudson Pacific Properties Trading Up 1.3 %

Shares of NYSE:HPP traded up $0.03 during midday trading on Friday, reaching $2.30. The company's stock had a trading volume of 1,290,889 shares, compared to its average volume of 2,854,188. The firm has a 50 day moving average price of $2.54 and a two-hundred day moving average price of $3.07. Hudson Pacific Properties, Inc. has a fifty-two week low of $1.88 and a fifty-two week high of $6.29. The firm 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 debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.09. The firm had revenue of $198.46 million for 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%. As a group, analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 earnings per share 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.