Squarepoint Ops LLC Cuts Stake in Hudson Pacific Properties, Inc. (NYSE:HPP)

Squarepoint Ops LLC lowered its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 86.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,216 shares of the real estate investment trust's stock after selling 120,322 shares during the period. Squarepoint Ops LLC's holdings in Hudson Pacific Properties were worth $55,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its stake in Hudson Pacific Properties by 71.8% in 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 buying an additional 7,807 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Hudson Pacific Properties by 15.4% in the 4th 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 purchased a new stake in shares of Hudson Pacific Properties in the 4th quarter valued at $27,000. ProShare Advisors LLC boosted its stake in shares of Hudson Pacific Properties by 34.6% in the 4th quarter. ProShare Advisors LLC now owns 38,521 shares of the real estate investment trust's stock valued at $117,000 after purchasing an additional 9,905 shares in the last quarter. Finally, Xponance Inc. purchased a new stake in shares of Hudson Pacific Properties in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 97.58% of the company's stock.

Hudson Pacific Properties Trading Up 3.2%

NYSE HPP traded up $0.09 during trading on Friday, hitting $2.77. The company had a trading volume of 25,537,942 shares, compared to its average volume of 3,266,250. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47. Hudson Pacific Properties, Inc. has a one year low of $1.78 and a one year high of $6.29. The company has a market cap of $390.95 million, a price-to-earnings ratio of -1.08 and a beta of 1.43. The company's fifty day moving average is $2.18 and its 200-day moving average is $2.74.

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 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $198.46 million during the quarter, compared to analyst estimates of $199.95 million. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. On average, sell-side analysts predict that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HPP shares. BMO Capital Markets cut their price objective on shares of Hudson Pacific Properties from $4.00 to $3.50 and set an "outperform" rating for the company in a research note on Friday. Wells Fargo & Company lowered their price target on shares of Hudson Pacific Properties from $4.00 to $3.40 and set an "overweight" rating for the company in a report on Monday, May 19th. BTIG Research set a $8.00 price target on shares of Hudson Pacific Properties and gave the company a "buy" rating in a research report on Tuesday, May 6th. Scotiabank dropped their price target on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating for the company in a research report on Tuesday, February 18th. Finally, The Goldman Sachs Group dropped 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 research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $3.37.

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.