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

DigitalBridge Group Inc. bought a new position in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 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 reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Balyasny Asset Management L.P. increased its holdings in shares of Hudson Pacific Properties by 265.5% in the fourth 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 buying an additional 7,303,472 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Hudson Pacific Properties by 303.5% in the 4th quarter. Millennium Management LLC now owns 7,384,275 shares of the real estate investment trust's stock worth $22,374,000 after acquiring an additional 5,554,444 shares during the last quarter. Marshall Wace LLP raised its position in shares of Hudson Pacific Properties by 853.2% during the fourth quarter. Marshall Wace LLP now owns 1,844,926 shares of the real estate investment trust's stock worth $5,590,000 after purchasing an additional 1,651,382 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings 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 last quarter. Finally, Davis Selected Advisers lifted its holdings in shares of Hudson Pacific Properties by 88.0% during the fourth quarter. Davis Selected Advisers now owns 2,280,963 shares of the real estate investment trust's stock valued at $6,911,000 after purchasing an additional 1,067,940 shares during the last quarter. 97.58% of the stock is owned by institutional investors and hedge funds.

Hudson Pacific Properties Stock Performance

HPP traded up $0.07 on Thursday, hitting $2.00. The company had a trading volume of 849,722 shares, compared to its average volume of 2,867,070. The stock has a market cap of $282.08 million, a price-to-earnings ratio of -0.78 and a beta of 1.48. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26. The company's fifty day moving average price is $2.31 and its 200 day moving average price is $2.86. Hudson Pacific Properties, Inc. has a 1-year low of $1.81 and a 1-year high of $6.29.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on HPP shares. Jefferies Financial Group assumed coverage on Hudson Pacific Properties in a report on Monday, March 17th. They set a "hold" rating and a $2.70 price objective on the stock. BTIG Research set a $8.00 price objective on shares of Hudson Pacific Properties and gave the company a "buy" rating in a research report on Tuesday, May 6th. Wells Fargo & Company cut their price objective on Hudson Pacific Properties from $4.00 to $3.40 and set an "overweight" rating for the company in a report on Monday, May 19th. BMO Capital Markets upgraded Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $4.00 to $5.00 in a research note on Friday, March 28th. Finally, Morgan Stanley reaffirmed an "underweight" rating and set a $1.75 price target on shares of Hudson Pacific Properties in a research note on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $3.52.

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.