Caxton Associates LP Decreases Stake in Hudson Pacific Properties, Inc. (NYSE:HPP)

Caxton Associates LP lowered its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 91.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,391 shares of the real estate investment trust's stock after selling 370,213 shares during the period. Caxton Associates LP's holdings in Hudson Pacific Properties were worth $110,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Barclays PLC lifted its position in shares of Hudson Pacific Properties by 120.9% in the 3rd quarter. Barclays PLC now owns 244,222 shares of the real estate investment trust's stock worth $1,168,000 after purchasing an additional 133,673 shares during the period. Green Alpha Advisors LLC increased 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 worth $1,580,000 after acquiring an additional 228,079 shares in the last quarter. Mechanics Bank Trust Department bought a new position in shares of Hudson Pacific Properties in the 4th quarter worth about $60,000. Mutual Advisors LLC bought a new position in shares of Hudson Pacific Properties in the 4th quarter worth about $44,000. Finally, Inspire Investing LLC increased its stake in shares of Hudson Pacific Properties by 60.0% in the 4th quarter. Inspire Investing LLC now owns 139,232 shares of the real estate investment trust's stock worth $422,000 after acquiring an additional 52,237 shares in the last quarter. 97.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HPP has been the subject of a number of analyst reports. Wells Fargo & Company upgraded shares of Hudson Pacific Properties from an "equal weight" rating to an "overweight" rating and set a $4.00 price objective for the company in a research note on Monday, March 10th. Wedbush reiterated a "neutral" rating on shares of Hudson Pacific Properties in a research report on Monday, May 5th. BMO Capital Markets upgraded Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $4.00 to $5.00 in a research report on Friday, March 28th. Scotiabank lowered 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. Finally, Morgan Stanley reaffirmed an "underweight" rating and set a $1.75 price target on shares of Hudson Pacific Properties in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $3.63.

Hudson Pacific Properties Price Performance

HPP traded up $0.08 during trading hours on Monday, hitting $2.35. The company's stock had a trading volume of 3,461,579 shares, compared to its average volume of 2,861,209. The business's 50-day moving average price is $2.54 and its 200-day moving average price is $3.05. Hudson Pacific Properties, Inc. has a 12 month low of $1.88 and a 12 month high of $6.29. The stock has a market cap of $331.71 million, a price-to-earnings ratio of -0.91 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.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $198.46 million for the quarter, compared to analysts' expectations of $199.95 million. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. Sell-side analysts expect that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal year.

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.