Quantinno Capital Management LP Has $170,000 Stake in Hudson Pacific Properties, Inc. (NYSE:HPP)

Quantinno Capital Management LP reduced its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 72.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,010 shares of the real estate investment trust's stock after selling 148,920 shares during the period. Quantinno Capital Management LP's holdings in Hudson Pacific Properties were worth $170,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Balyasny Asset Management L.P. raised its position in Hudson Pacific Properties by 265.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 10,054,067 shares of the real estate investment trust's stock valued at $30,464,000 after purchasing an additional 7,303,472 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Hudson Pacific Properties by 303.5% during the fourth quarter. Millennium Management LLC now owns 7,384,275 shares of the real estate investment trust's stock worth $22,374,000 after buying an additional 5,554,444 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Hudson Pacific Properties by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,668,360 shares of the real estate investment trust's stock worth $17,175,000 after buying an additional 458,783 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Hudson Pacific Properties by 0.5% during the fourth quarter. Legal & General Group Plc now owns 4,008,936 shares of the real estate investment trust's stock worth $12,147,000 after buying an additional 21,320 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Hudson Pacific Properties by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 3,488,285 shares of the real estate investment trust's stock worth $10,572,000 after buying an additional 61,868 shares in the last quarter. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Hudson Pacific Properties Trading Up 2.3%

HPP traded up $0.05 during trading on Thursday, reaching $1.98. 1,419,994 shares of the stock traded hands, compared to its average volume of 2,865,220. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $279.25 million, a PE ratio of -0.77 and a beta of 1.48. The stock's 50-day moving average is $2.29 and its 200 day moving average is $2.84. Hudson Pacific Properties, Inc. has a 12 month low of $1.81 and a 12 month high of $6.29.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HPP shares. Piper Sandler set a $2.00 price target on shares of Hudson Pacific Properties and gave the stock a "neutral" rating in a report on Friday, May 23rd. Jefferies Financial Group started 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 for the company. Wedbush reiterated a "neutral" rating on shares of Hudson Pacific Properties in a report on Monday, May 5th. The Goldman Sachs Group lowered their price target on shares of Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Finally, BTIG Research set a $8.00 price objective on Hudson Pacific Properties and gave the company a "buy" rating in a report on Tuesday, May 6th. Two 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.com, Hudson Pacific Properties currently 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.