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

Two Sigma Investments LP grew its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 103.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,192,633 shares of the real estate investment trust's stock after purchasing an additional 605,759 shares during the quarter. Two Sigma Investments LP owned approximately 0.84% of Hudson Pacific Properties worth $3,614,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. GeoWealth Management LLC acquired a new stake in shares of Hudson Pacific Properties during the fourth quarter worth about $27,000. Xponance Inc. purchased a new stake in Hudson Pacific Properties in the 4th quarter valued at approximately $30,000. Opinicus Capital Inc. purchased a new stake in Hudson Pacific Properties in the 4th quarter valued at approximately $32,000. Cibc World Markets Corp purchased a new stake in Hudson Pacific Properties in the 4th quarter valued at approximately $39,000. Finally, Boothbay Fund Management LLC purchased a new stake in Hudson Pacific Properties in the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 97.58% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HPP shares. 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. Jefferies Financial Group initiated coverage on Hudson Pacific Properties in a report on Monday, March 17th. They issued a "hold" rating and a $2.70 price objective on the stock. Wells Fargo & Company lowered their target price on Hudson Pacific Properties from $4.00 to $3.40 and set an "overweight" rating on the stock in a report on Monday, May 19th. Wedbush reissued a "neutral" rating on shares of Hudson Pacific Properties in a research report on Monday, May 5th. Finally, Piper Sandler set a $2.00 price target on Hudson Pacific Properties and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Two research 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 stock currently has a consensus rating of "Hold" and an average price target of $3.52.

Hudson Pacific Properties Stock Up 6.1%

Shares of HPP traded up $0.12 during midday trading on Tuesday, reaching $1.99. 4,122,126 shares of the company were exchanged, compared to its average volume of 2,890,621. The stock has a 50-day moving average price of $2.23 and a 200-day moving average price of $2.79. The company has a market cap of $280.66 million, a price-to-earnings ratio of -0.77 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. 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 (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 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 analysts' expectations of $199.95 million. Research analysts expect that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current year.

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.