Point72 Asset Management L.P. Purchases Shares of 255,196 Hudson Pacific Properties, Inc. (NYSE:HPP)

Point72 Asset Management L.P. acquired a new stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 255,196 shares of the real estate investment trust's stock, valued at approximately $773,000. Point72 Asset Management L.P. owned about 0.18% of Hudson Pacific Properties as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HPP. Union Bancaire Privee UBP SA purchased a new stake in shares of Hudson Pacific Properties in the fourth quarter valued at about $436,000. Brown University acquired a new stake in Hudson Pacific Properties in the fourth quarter valued at about $1,832,000. Helix Partners Management LP purchased a new stake in Hudson Pacific Properties in the 4th quarter valued at approximately $579,000. Sanctuary Advisors LLC acquired a new position in Hudson Pacific Properties during the 4th quarter worth approximately $45,000. Finally, Renaissance Technologies LLC increased its position in 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 purchasing an additional 117,600 shares during the period. 97.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. BTIG Research set a $8.00 price target on Hudson Pacific Properties and gave the company a "buy" rating in a research note on Tuesday, May 6th. Scotiabank lowered their price target on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating on the stock in a research note on Tuesday, February 18th. Wells Fargo & Company reduced their price objective on shares of Hudson Pacific Properties from $4.00 to $3.40 and set an "overweight" rating for the company in a research note on Monday, May 19th. The Goldman Sachs Group decreased 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. Finally, Wedbush reaffirmed a "neutral" rating on shares of Hudson Pacific Properties in a report on Monday, May 5th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $3.52.

Hudson Pacific Properties Price Performance

Shares of HPP stock traded down $0.04 during trading hours on Monday, hitting $1.89. The company's stock had a trading volume of 2,451,755 shares, compared to its average volume of 2,881,269. 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 fifty day moving average of $2.37 and a 200-day moving average of $2.89. Hudson Pacific Properties, Inc. has a twelve month low of $1.81 and a twelve month high of $6.29. The stock has a market cap of $266.52 million, a price-to-earnings ratio of -0.73 and a beta of 1.48.

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

About Hudson Pacific Properties

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.