DigitalBridge Group Inc. Makes New $2.20 Million Investment in Hudson Pacific Properties, Inc. (NYSE:HPP)

DigitalBridge Group Inc. acquired a new stake in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 725,700 shares of the real estate investment trust's stock, valued at approximately $2,199,000. DigitalBridge Group Inc. owned approximately 0.51% of Hudson Pacific Properties at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HPP. Brevan Howard Capital Management LP increased its position in Hudson Pacific Properties by 374.3% during the fourth quarter. Brevan Howard Capital Management LP now owns 84,671 shares of the real estate investment trust's stock worth $257,000 after buying an additional 66,821 shares in the last quarter. Cantor Fitzgerald L. P. purchased a new stake in Hudson Pacific Properties during the 4th quarter worth $72,000. Capstone Investment Advisors LLC acquired a new position in shares of Hudson Pacific Properties during the fourth quarter worth about $531,000. Balyasny Asset Management L.P. lifted its position in Hudson Pacific Properties by 265.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 10,054,067 shares of the real estate investment trust's stock worth $30,464,000 after acquiring an additional 7,303,472 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Hudson Pacific Properties by 113.8% in the fourth quarter. Bank of America Corp DE now owns 1,129,267 shares of the real estate investment trust's stock valued at $3,422,000 after acquiring an additional 601,074 shares in the last quarter. Institutional investors and hedge funds own 97.58% of the company's stock.

Hudson Pacific Properties Price Performance

Shares of Hudson Pacific Properties stock traded up $0.13 on Monday, reaching $2.40. The stock had a trading volume of 1,280,727 shares, compared to its average volume of 2,852,680. The business's 50 day moving average is $2.54 and its two-hundred day moving average is $3.05. 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, Inc. has a 1 year low of $1.88 and a 1 year high of $6.29. The company has a market cap of $338.63 million, a P/E ratio of -0.93 and a beta of 1.48.

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, hitting the consensus estimate of $0.09. The business had revenue of $198.46 million during 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%. As a group, research analysts anticipate that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Jefferies Financial Group started coverage on Hudson Pacific Properties in a report on Monday, March 17th. They set a "hold" rating and a $2.70 target price on the stock. Wells Fargo & Company raised shares of Hudson Pacific Properties from an "equal weight" rating to an "overweight" rating and set a $4.00 price target for the company in a report on Monday, March 10th. Morgan Stanley restated an "underweight" rating and set a $1.75 price objective on shares of Hudson Pacific Properties in a research note on Tuesday, April 15th. Wedbush reaffirmed a "neutral" rating on shares of Hudson Pacific Properties in a report on Monday, May 5th. Finally, BMO Capital Markets upgraded shares of Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $4.00 to $5.00 in a research report on Friday, March 28th. Two 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's stock. According to MarketBeat, Hudson Pacific Properties currently has a consensus rating of "Hold" and an average price target of $3.63.

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.