725,700 Shares in Hudson Pacific Properties, Inc. (NYSE:HPP) Purchased by DigitalBridge Group Inc.

DigitalBridge Group Inc. purchased a new stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 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 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Union Bancaire Privee UBP SA bought a new stake in shares of Hudson Pacific Properties during the fourth quarter valued at approximately $436,000. Brown University bought a new stake in shares of Hudson Pacific Properties during the fourth quarter valued at approximately $1,832,000. Helix Partners Management LP bought a new stake in shares of Hudson Pacific Properties during the fourth quarter valued at approximately $579,000. Sanctuary Advisors LLC bought a new stake in shares of Hudson Pacific Properties during the fourth quarter valued at approximately $45,000. Finally, Renaissance Technologies LLC raised its stake in shares of Hudson Pacific Properties by 9.2% during the fourth quarter. Renaissance Technologies LLC now owns 1,390,009 shares of the real estate investment trust's stock valued at $4,212,000 after acquiring an additional 117,600 shares in the last quarter. Institutional investors own 97.58% of the company's stock.

Hudson Pacific Properties Stock Up 5.6%

Shares of HPP stock traded up $0.11 during trading hours on Tuesday, reaching $1.99. 1,985,045 shares of the company's stock were exchanged, compared to its average volume of 2,877,685. The stock's 50 day moving average is $2.35 and its 200-day moving average is $2.87. The company has a market cap of $280.66 million, a price-to-earnings ratio of -0.77 and a beta of 1.48. 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 fifty-two week low of $1.81 and a fifty-two week high of $6.29.

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

Analyst Ratings Changes

HPP has been the subject of a number of recent research reports. Piper Sandler set a $2.00 price objective on shares of Hudson Pacific Properties and gave the stock a "neutral" rating in a research note on Friday. BMO Capital Markets raised shares of Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $4.00 to $5.00 in a research note on Friday, March 28th. Scotiabank reduced their price objective on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating for the company in a research note on Tuesday, February 18th. The Goldman Sachs Group reduced their price objective on shares of Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Finally, Wedbush reissued a "neutral" rating on shares of Hudson Pacific Properties in a research note on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $3.52.

Hudson Pacific Properties Company 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.