D. E. Shaw & Co. Inc. Acquires 1,275,236 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP)

D. E. Shaw & Co. Inc. increased its position in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 95.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,605,516 shares of the real estate investment trust's stock after acquiring 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 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HPP. Tower Research Capital LLC TRC raised its stake in Hudson Pacific Properties by 71.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 18,674 shares of the real estate investment trust's stock valued at $57,000 after purchasing an additional 7,807 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Hudson Pacific Properties by 15.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 65,672 shares of the real estate investment trust's stock worth $199,000 after buying an additional 8,775 shares during the period. GeoWealth Management LLC purchased a new position in Hudson Pacific Properties during the 4th quarter valued at $27,000. Xponance Inc. purchased a new position in Hudson Pacific Properties during the 4th quarter valued at $30,000. Finally, Opinicus Capital Inc. purchased a new position in Hudson Pacific Properties during the 4th quarter valued at $32,000. 97.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HPP shares. 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 report on Monday, March 10th. BTIG Research set a $8.00 target price on shares of Hudson Pacific Properties and gave the company a "buy" rating in a research note on Tuesday, May 6th. Scotiabank reduced their price target on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating for the company in a research report on Tuesday, February 18th. Wedbush reissued a "neutral" rating on shares of Hudson Pacific Properties in a report on Monday, May 5th. Finally, Morgan Stanley reaffirmed an "underweight" rating and set a $1.75 price objective 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 issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Hudson Pacific Properties currently has an average rating of "Hold" and a consensus target price of $3.63.

Hudson Pacific Properties Stock Up 1.9%

Shares of HPP opened at $2.13 on Friday. The company has a market cap of $301.16 million, a PE ratio of -0.83 and a beta of 1.48. The business has a fifty day moving average of $2.47 and a 200 day moving average of $3.01. Hudson Pacific Properties, Inc. has a 52-week low of $1.88 and a 52-week high of $6.29. 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 (NYSE:HPP - Get Free Report) last released its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.09 earnings per share for the quarter, hitting analysts' consensus estimates of $0.09. The business had revenue of $198.46 million for the quarter, compared to analyst estimates of $199.95 million. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. On average, sell-side analysts expect that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current 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.

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