Northern Trust Corp Sells 248,346 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP)

Northern Trust Corp cut its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 14.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,483,282 shares of the real estate investment trust's stock after selling 248,346 shares during the quarter. Northern Trust Corp owned 1.05% of Hudson Pacific Properties worth $4,494,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GeoWealth Management LLC bought a new stake in Hudson Pacific Properties in the fourth quarter valued at $27,000. Xponance Inc. acquired a new stake in shares of Hudson Pacific Properties during the 4th quarter valued at about $30,000. Opinicus Capital Inc. acquired a new stake in Hudson Pacific Properties in the 4th quarter worth approximately $32,000. Cibc World Markets Corp bought a new position in Hudson Pacific Properties in the 4th quarter worth approximately $39,000. Finally, Boothbay Fund Management LLC bought a new stake in shares of Hudson Pacific Properties during the fourth quarter valued at approximately $40,000. 97.58% of the stock is currently owned by institutional investors.

Hudson Pacific Properties Trading Up 5.6%

Shares of HPP traded up $0.11 during trading hours on Tuesday, hitting $1.99. The company had a trading volume of 1,985,045 shares, compared to its average volume of 2,877,685. The firm has a market cap of $280.66 million, a P/E ratio of -0.77 and a beta of 1.48. The stock's 50 day moving average price is $2.33 and its 200 day moving average price is $2.87. 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, Inc. has a 52-week low of $1.81 and a 52-week high of $6.29.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The firm had revenue of $198.46 million for the quarter, compared to the consensus estimate 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, research analysts predict that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current year.

Wall Street Analysts Forecast Growth

HPP has been the topic of several recent research reports. Wells Fargo & Company decreased their price target on Hudson Pacific Properties from $4.00 to $3.40 and set an "overweight" rating on the stock in a report on Monday, May 19th. The Goldman Sachs Group decreased their price target on 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. BMO Capital Markets upgraded Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $4.00 to $5.00 in a research note on Friday, March 28th. BTIG Research set a $8.00 price target on Hudson Pacific Properties and gave the company a "buy" rating in a research note on Tuesday, May 6th. Finally, 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 price objective for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $3.52.

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.