Ameriprise Financial Inc. Sells 334,459 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP)

Ameriprise Financial Inc. reduced its position in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 83.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,048 shares of the real estate investment trust's stock after selling 334,459 shares during the period. Ameriprise Financial Inc.'s holdings in Hudson Pacific Properties were worth $194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. GeoWealth Management LLC acquired a new stake in Hudson Pacific Properties during the 4th quarter worth $27,000. Xponance Inc. acquired a new stake in Hudson Pacific Properties during the 4th quarter valued at $30,000. Opinicus Capital Inc. acquired a new position in Hudson Pacific Properties in the fourth quarter worth about $32,000. Cibc World Markets Corp acquired a new position in Hudson Pacific Properties during the 4th quarter valued at approximately $39,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Hudson Pacific Properties in the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 97.58% of the company's stock.

Hudson Pacific Properties Stock Performance

HPP traded up $0.23 during trading on Friday, hitting $2.36. The stock had a trading volume of 4,524,487 shares, compared to its average volume of 2,924,405. The firm has a market cap of $333.69 million, a PE ratio of -0.92 and a beta of 1.43. Hudson Pacific Properties, Inc. has a 12 month low of $1.78 and a 12 month high of $6.29. 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 company has a 50 day simple moving average of $2.19 and a 200-day simple moving average of $2.77.

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 EPS for the quarter, hitting analysts' consensus estimates of $0.09. The business had revenue of $198.46 million for the quarter, compared to analyst estimates of $199.95 million. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. Analysts expect that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on HPP shares. 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. Morgan Stanley reaffirmed an "underweight" rating and set a $1.75 price objective on shares of Hudson Pacific Properties in a research report on Tuesday, April 15th. Scotiabank cut their price objective on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating on the stock in a research report on Tuesday, February 18th. Wells Fargo & Company cut 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, 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. Two investment 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. Based on data from MarketBeat.com, Hudson Pacific Properties has a consensus rating of "Hold" and an average 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.