UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 86.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,388 shares of the real estate investment trust's stock after selling 925,668 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.10% of Hudson Pacific Properties worth $425,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Balyasny Asset Management L.P. boosted its holdings in Hudson Pacific Properties by 265.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 10,054,067 shares of the real estate investment trust's stock worth $30,464,000 after acquiring an additional 7,303,472 shares in the last quarter. Millennium Management LLC lifted its position in Hudson Pacific Properties by 303.5% during 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 acquiring an additional 5,554,444 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Hudson Pacific Properties by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,668,360 shares of the real estate investment trust's stock valued at $17,175,000 after purchasing an additional 458,783 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Hudson Pacific Properties by 0.5% during the fourth quarter. Legal & General Group Plc now owns 4,008,936 shares of the real estate investment trust's stock worth $12,147,000 after purchasing an additional 21,320 shares during the period. Finally, Geode Capital Management LLC increased its holdings 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 period. Institutional investors own 97.58% of the company's stock.

Hudson Pacific Properties Trading Up 7.7%

Shares of Hudson Pacific Properties stock traded up $0.19 during trading hours on Thursday, hitting $2.67. The company's stock had a trading volume of 60,654,666 shares, compared to its average volume of 3,163,396. The firm has a fifty day moving average of $2.16 and a 200-day moving average of $2.76. 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 stock has a market cap of $377.52 million, a price-to-earnings ratio of -1.04 and a beta of 1.43. Hudson Pacific Properties, Inc. has a twelve month low of $1.78 and a twelve month high of $6.29.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last announced its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, meeting 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. Research analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current year.

Wall Street Analysts Forecast Growth

HPP has been the subject of several recent research reports. The Goldman Sachs Group reduced 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 report on Tuesday, April 22nd. Wells Fargo & Company lowered their price objective on Hudson Pacific Properties from $4.00 to $3.40 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Morgan Stanley restated an "underweight" rating and set a $1.75 price target on shares of Hudson Pacific Properties in a research report on Tuesday, April 15th. BMO Capital Markets raised shares of Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $4.00 to $5.00 in a research note on Friday, March 28th. Finally, Scotiabank reduced their price target on Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating for the company in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $3.52.

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.