Voloridge Investment Management LLC Trims Holdings in Hudson Pacific Properties, Inc. (NYSE:HPP)

Voloridge Investment Management LLC reduced its holdings in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 30.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 993,293 shares of the real estate investment trust's stock after selling 432,412 shares during the period. Voloridge Investment Management LLC owned about 0.70% of Hudson Pacific Properties worth $3,010,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GeoWealth Management LLC purchased a new stake in shares of Hudson Pacific Properties in the 4th quarter valued at $27,000. Xponance Inc. purchased a new stake in shares of Hudson Pacific Properties in the 4th quarter valued at $30,000. Opinicus Capital Inc. purchased a new stake in shares of Hudson Pacific Properties in the 4th quarter valued at $32,000. Cibc World Markets Corp purchased a new stake in shares of Hudson Pacific Properties in the 4th quarter valued at $39,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Hudson Pacific Properties in the 4th quarter valued at $40,000. 97.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HPP. The Goldman Sachs Group dropped their price objective 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. BTIG Research set a $8.00 price target on shares of Hudson Pacific Properties and gave the stock a "buy" rating in a report on Tuesday, May 6th. Morgan Stanley reissued an "underweight" rating and set a $1.75 price target on shares of Hudson Pacific Properties in a report on Tuesday, April 15th. Wells Fargo & Company lowered their price target 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. Finally, Jefferies Financial Group assumed coverage on shares of Hudson Pacific Properties in a report on Monday, March 17th. They set a "hold" rating and a $2.70 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Hudson Pacific Properties currently has an average rating of "Hold" and an average target price of $3.52.

Hudson Pacific Properties Trading Down 5.3%

HPP stock traded down $0.11 during trading on Friday, reaching $1.88. 6,555,120 shares of the stock were exchanged, compared to its average volume of 2,884,993. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47. The business has a 50 day moving average price of $2.27 and a 200-day moving average price of $2.81. Hudson Pacific Properties, Inc. has a 1 year low of $1.81 and a 1 year high of $6.29. The firm has a market capitalization of $265.11 million, a price-to-earnings ratio of -0.73 and a beta of 1.48.

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