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

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

A number of other institutional investors also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its position in Hudson Pacific Properties by 71.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 18,674 shares of the real estate investment trust's stock worth $57,000 after purchasing an additional 7,807 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Hudson Pacific Properties by 15.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 65,672 shares of the real estate investment trust's stock worth $199,000 after buying an additional 8,775 shares in the last quarter. GeoWealth Management LLC acquired a new position in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $27,000. ProShare Advisors LLC raised its position in shares of Hudson Pacific Properties by 34.6% in the fourth quarter. ProShare Advisors LLC now owns 38,521 shares of the real estate investment trust's stock valued at $117,000 after buying an additional 9,905 shares during the last quarter. Finally, Xponance Inc. purchased a new position in shares of Hudson Pacific Properties during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 97.58% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on HPP shares. The Goldman Sachs Group lowered their target price on shares of Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley reaffirmed an "underweight" rating and issued a $1.75 price objective on shares of Hudson Pacific Properties in a research report on Tuesday, April 15th. Piper Sandler set a $2.00 target price on Hudson Pacific Properties and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Scotiabank dropped their price objective on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating for the company in a research note on Tuesday, February 18th. Finally, BMO Capital Markets raised shares of Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $4.00 to $5.00 in a research report on Friday, March 28th. Two investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $3.52.

Hudson Pacific Properties Stock Down 2.3%

Shares of NYSE HPP traded down $0.05 on Wednesday, hitting $1.94. The company had a trading volume of 257,114 shares, compared to its average volume of 2,867,350. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. Hudson Pacific Properties, Inc. has a 12-month low of $1.81 and a 12-month high of $6.29. The firm has a market capitalization of $273.59 million, a P/E ratio of -0.75 and a beta of 1.48. The business has a 50 day moving average of $2.33 and a two-hundred day moving average of $2.87.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last issued 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. 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 for the quarter, compared to analyst estimates of $199.95 million. As a group, equities research analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal 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.