Nuveen Asset Management LLC Sells 412,229 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP)

Nuveen Asset Management LLC decreased its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 15.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,264,473 shares of the real estate investment trust's stock after selling 412,229 shares during the period. Nuveen Asset Management LLC owned 1.60% of Hudson Pacific Properties worth $6,861,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Millennium Management LLC raised its position in Hudson Pacific Properties by 303.5% during the 4th quarter. Millennium Management LLC now owns 7,384,275 shares of the real estate investment trust's stock valued at $22,374,000 after purchasing an additional 5,554,444 shares during the last quarter. Laurion Capital Management LP bought a new position in shares of Hudson Pacific Properties in the 4th quarter worth approximately $128,000. Lighthouse Investment Partners LLC bought a new position in shares of Hudson Pacific Properties in the 4th quarter worth approximately $1,199,000. J. Goldman & Co LP bought a new position in shares of Hudson Pacific Properties in the 4th quarter worth approximately $366,000. Finally, D. E. Shaw & Co. Inc. raised its position in shares of Hudson Pacific Properties by 95.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,605,516 shares of the real estate investment trust's stock worth $7,895,000 after acquiring an additional 1,275,236 shares in the last quarter. Institutional investors own 97.58% of the company's stock.

Hudson Pacific Properties Stock Performance

Shares of HPP stock traded down $0.11 on Friday, reaching $1.88. The stock had a trading volume of 6,555,120 shares, compared to its average volume of 2,884,993. The stock has a market cap of $265.11 million, a P/E ratio of -0.73 and a beta of 1.48. Hudson Pacific Properties, Inc. has a 1 year low of $1.81 and a 1 year high of $6.29. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. The company has a 50 day simple moving average of $2.27 and a 200 day simple moving average of $2.83.

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Jefferies Financial Group assumed coverage on Hudson Pacific Properties in a research report on Monday, March 17th. They issued a "hold" rating and a $2.70 target price for the company. The Goldman Sachs Group cut their price target on Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. BTIG Research set a $8.00 price target on Hudson Pacific Properties and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Piper Sandler set a $2.00 price target on Hudson Pacific Properties and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Finally, BMO Capital Markets upgraded Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $4.00 to $5.00 in a research note on Friday, March 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target 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.