Hudson Pacific Properties, Inc. (NYSE:HPP) Shares Sold by First Trust Advisors LP

First Trust Advisors LP cut its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 95.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,643 shares of the real estate investment trust's stock after selling 795,615 shares during the period. First Trust Advisors LP's holdings in Hudson Pacific Properties were worth $114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. GeoWealth Management LLC bought a new position in Hudson Pacific Properties in the fourth quarter worth approximately $27,000. Xponance Inc. bought a new stake in Hudson Pacific Properties during the 4th quarter valued at $30,000. Opinicus Capital Inc. bought a new stake in Hudson Pacific Properties during the 4th quarter valued at $32,000. Cibc World Markets Corp bought a new stake in Hudson Pacific Properties during the 4th quarter valued at $39,000. Finally, Sanctuary Advisors LLC bought a new stake in Hudson Pacific Properties during the 4th quarter valued at $45,000. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Pacific Properties Stock Performance

Shares of NYSE:HPP traded down $0.06 during trading on Friday, reaching $2.08. 270,851 shares of the company's stock traded hands, compared to its average volume of 2,857,264. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26. Hudson Pacific Properties, Inc. has a 12 month low of $1.88 and a 12 month high of $6.29. The company has a 50 day moving average of $2.47 and a 200-day moving average of $3.01. The stock has a market capitalization of $293.39 million, a P/E ratio of -0.81 and a beta of 1.48.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.09 earnings per share for the quarter, meeting 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 business had revenue of $198.46 million during the quarter, compared to the consensus estimate of $199.95 million. On average, equities analysts expect that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on HPP. BMO Capital Markets upgraded Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $4.00 to $5.00 in a research note on Friday, March 28th. Wells Fargo & Company upgraded Hudson Pacific Properties from an "equal weight" rating to an "overweight" rating and set a $4.00 price target on the stock in a research note on Monday, March 10th. BTIG Research set a $8.00 price target on Hudson Pacific Properties and gave the stock a "buy" rating in a report on Tuesday, May 6th. The Goldman Sachs Group reduced their price objective 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. Finally, Piper Sandler dropped their price objective on Hudson Pacific Properties from $3.50 to $2.50 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $3.63.

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.