Hudson Pacific Properties, Inc. (NYSE:HPP) Shares Sold by Northern Trust Corp

Northern Trust Corp reduced its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 14.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,483,282 shares of the real estate investment trust's stock after selling 248,346 shares during the period. Northern Trust Corp owned 1.05% of Hudson Pacific Properties worth $4,494,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Union Bancaire Privee UBP SA purchased a new position in shares of Hudson Pacific Properties during the 4th quarter worth about $436,000. Brown University purchased a new position in shares of Hudson Pacific Properties during the 4th quarter worth about $1,832,000. Helix Partners Management LP purchased a new position in shares of Hudson Pacific Properties during the 4th quarter worth about $579,000. Sanctuary Advisors LLC purchased a new position in shares of Hudson Pacific Properties during the 4th quarter worth about $45,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Hudson Pacific Properties by 9.2% during the 4th quarter. Renaissance Technologies LLC now owns 1,390,009 shares of the real estate investment trust's stock worth $4,212,000 after acquiring an additional 117,600 shares during the period. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HPP. Wells Fargo & Company cut their price objective on shares of Hudson Pacific Properties from $4.00 to $3.40 and set an "overweight" rating on the stock in a report on Monday, May 19th. Wedbush reiterated a "neutral" rating on shares of Hudson Pacific Properties in a report on Monday, May 5th. BTIG Research set a $8.00 price target on shares of Hudson Pacific Properties and gave the company a "buy" rating in a report on Tuesday, May 6th. The Goldman Sachs Group cut their price target on shares of Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Finally, BMO Capital Markets upgraded shares of Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and raised their price target for the company from $4.00 to $5.00 in a report on Friday, March 28th. Two equities research 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 data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $3.52.

Hudson Pacific Properties Stock Down 1.8%

Shares of HPP traded down $0.04 during mid-day trading on Friday, reaching $1.89. 2,451,755 shares of the stock traded hands, compared to its average volume of 2,882,559. The firm has a market cap of $266.52 million, a price-to-earnings ratio of -0.73 and a beta of 1.48. The stock has a fifty day simple moving average of $2.37 and a 200 day simple moving average of $2.91. Hudson Pacific Properties, Inc. has a 12-month low of $1.81 and a 12-month high of $6.29. 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 (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 (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%. Sell-side analysts expect that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

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.