Hudson Pacific Properties, Inc. (NYSE:HPP) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP grew its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 98.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 631,800 shares of the real estate investment trust's stock after buying an additional 312,900 shares during the period. Two Sigma Advisers LP owned 0.45% of Hudson Pacific Properties worth $1,914,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Balyasny Asset Management L.P. boosted its holdings in shares of Hudson Pacific Properties by 265.5% during the 4th 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 buying an additional 7,303,472 shares in the last quarter. Millennium Management LLC raised its position in shares of Hudson Pacific Properties by 303.5% in the 4th quarter. Millennium Management LLC now owns 7,384,275 shares of the real estate investment trust's stock worth $22,374,000 after purchasing an additional 5,554,444 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Hudson Pacific Properties by 8.8% in the 4th 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 purchasing an additional 458,783 shares during the last quarter. Legal & General Group Plc raised its position in Hudson Pacific Properties by 0.5% in the 4th 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 during the last quarter. Finally, Geode Capital Management LLC raised its position in Hudson Pacific Properties by 1.8% in the 4th 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 during the last quarter. Institutional investors own 97.58% of the company's stock.

Hudson Pacific Properties Price Performance

Shares of NYSE:HPP traded up $0.07 during trading on Tuesday, reaching $1.94. The stock had a trading volume of 189,760 shares, compared to its average volume of 2,870,672. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. The business has a fifty day moving average price of $2.25 and a 200-day moving average price of $2.80. The stock has a market cap of $274.30 million, a PE ratio of -0.75 and a beta of 1.48. Hudson Pacific Properties, Inc. has a 1-year low of $1.78 and a 1-year high of $6.29.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.09 earnings per share for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $199.95 million. On average, equities analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on HPP. Scotiabank decreased their target price on 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. BMO Capital Markets upgraded Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $4.00 to $5.00 in a research note on Friday, March 28th. Wedbush restated a "neutral" rating on shares of Hudson Pacific Properties in a research note on Monday, May 5th. Piper Sandler set a $2.00 price objective on Hudson Pacific Properties and gave the stock a "neutral" rating in a report on Friday, May 23rd. Finally, BTIG Research set a $8.00 target price on Hudson Pacific Properties and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $3.52.

Hudson Pacific Properties 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.