Deutsche Bank AG Reduces Stock Holdings in Hudson Pacific Properties, Inc. (NYSE:HPP)

Deutsche Bank AG lowered its position in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 65.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 532,925 shares of the real estate investment trust's stock after selling 995,115 shares during the quarter. Deutsche Bank AG owned about 0.38% of Hudson Pacific Properties worth $1,615,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Balyasny Asset Management L.P. boosted its holdings 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 valued at $30,464,000 after acquiring an additional 7,303,472 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Hudson Pacific Properties by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,668,360 shares of the real estate investment trust's stock worth $17,175,000 after purchasing an additional 458,783 shares during the period. Legal & General Group Plc lifted its position in shares of Hudson Pacific Properties by 0.5% during the fourth quarter. Legal & General Group Plc now owns 4,008,936 shares of the real estate investment trust's stock worth $12,147,000 after purchasing an additional 21,320 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Hudson Pacific Properties by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 3,488,285 shares of the real estate investment trust's stock valued at $10,572,000 after purchasing an additional 61,868 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of Hudson Pacific Properties by 95.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,605,516 shares of the real estate investment trust's stock valued at $7,895,000 after purchasing an additional 1,275,236 shares during the period. Institutional investors own 97.58% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wedbush reiterated a "neutral" rating on shares of Hudson Pacific Properties in a report on Monday, May 5th. Jefferies Financial Group assumed coverage on Hudson Pacific Properties in a report on Monday, March 17th. They issued a "hold" rating and a $2.70 target price for the company. Piper Sandler set a $2.00 price target on Hudson Pacific Properties and gave the stock a "neutral" rating in a research report on Friday, May 23rd. The Goldman Sachs Group decreased their price objective on Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company lowered their price objective on shares of Hudson Pacific Properties from $4.00 to $3.40 and set an "overweight" rating for the company in a research note on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Hudson Pacific Properties presently has an average rating of "Hold" and an average target price of $3.52.

Hudson Pacific Properties Stock Up 2.3%

Shares of NYSE HPP traded up $0.05 during trading hours on Thursday, hitting $1.98. 1,419,994 shares of the stock were exchanged, compared to its average volume of 2,865,220. Hudson Pacific Properties, Inc. has a 12 month low of $1.81 and a 12 month high of $6.29. The firm has a fifty day moving average price of $2.29 and a 200-day moving average price of $2.84. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. The company has a market cap of $279.25 million, a PE ratio of -0.77 and a beta of 1.48.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last posted its quarterly earnings data 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. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. The firm had revenue of $198.46 million during the quarter, compared to analysts' expectations of $199.95 million. On average, sell-side analysts expect 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.