Hudson Pacific Properties, Inc. (NYSE:HPP) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 95.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,605,516 shares of the real estate investment trust's stock after purchasing an additional 1,275,236 shares during the quarter. D. E. Shaw & Co. Inc. owned about 1.84% of Hudson Pacific Properties worth $7,895,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. GeoWealth Management LLC acquired a new stake in Hudson Pacific Properties during the 4th quarter worth about $27,000. Xponance Inc. purchased a new stake in Hudson Pacific Properties during the 4th quarter worth approximately $30,000. Opinicus Capital Inc. acquired a new stake in shares of Hudson Pacific Properties in the fourth quarter worth approximately $32,000. Cibc World Markets Corp acquired a new position in Hudson Pacific Properties in the 4th quarter valued at $39,000. Finally, Boothbay Fund Management LLC acquired a new stake in Hudson Pacific Properties in the 4th quarter valued at about $40,000. 97.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. BMO Capital Markets raised shares of Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $4.00 to $5.00 in a research note on Friday, March 28th. Jefferies Financial Group initiated coverage on Hudson Pacific Properties in a research note on Monday, March 17th. They set a "hold" rating and a $2.70 price target on the stock. Wells Fargo & Company dropped their price objective on Hudson Pacific Properties from $4.00 to $3.40 and set an "overweight" rating for the company in a research note on Monday. Morgan Stanley reissued an "underweight" rating and set a $1.75 target price on shares of Hudson Pacific Properties in a research note on Tuesday, April 15th. Finally, BTIG Research set a $8.00 target price on Hudson Pacific Properties and gave the company a "buy" rating in a report on Tuesday, May 6th. 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $3.57.

Hudson Pacific Properties Stock Down 1.8%

Shares of NYSE:HPP traded down $0.04 on Wednesday, hitting $1.96. 535,030 shares of the company's stock were exchanged, compared to its average volume of 2,713,080. 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, Inc. has a 1-year low of $1.88 and a 1-year high of $6.29. The company has a market capitalization of $276.42 million, a PE ratio of -0.76 and a beta of 1.48. The firm's 50-day moving average is $2.43 and its 200 day moving average is $2.95.

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