Hudson Pacific Properties, Inc. (NYSE:HPP) CEO Purchases $499,999.45 in Stock

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) CEO Victor J. Coleman purchased 224,215 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was acquired at an average price of $2.23 per share, for a total transaction of $499,999.45. Following the acquisition, the chief executive officer now directly owns 711,666 shares of the company's stock, valued at $1,587,015.18. This trade represents a 46.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Hudson Pacific Properties Stock Up 2.6%

NYSE HPP traded up $0.07 during trading hours on Wednesday, reaching $2.83. 13,775,671 shares of the company traded hands, compared to its average volume of 3,547,600. The stock has a market capitalization of $400.56 million, a PE ratio of -1.04 and a beta of 1.43. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.62. Hudson Pacific Properties, Inc. has a 12 month low of $1.78 and a 12 month high of $6.29. The company has a 50 day moving average of $2.20 and a two-hundred day moving average of $2.72.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.09 EPS for the quarter, hitting analysts' consensus estimates of $0.09. The business had revenue of $198.46 million during the quarter, compared to the consensus estimate of $199.95 million. Hudson Pacific Properties had a negative return on equity of 14.12% and a negative net margin of 47.56%. As a group, equities analysts expect that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HPP. Asset Management One Co. Ltd. lifted its stake in Hudson Pacific Properties by 9.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 206,656 shares of the real estate investment trust's stock worth $614,000 after purchasing an additional 18,279 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Hudson Pacific Properties during the fourth quarter worth $45,000. Union Bancaire Privee UBP SA bought a new position in shares of Hudson Pacific Properties in the 4th quarter worth about $436,000. Y Intercept Hong Kong Ltd boosted its holdings in shares of Hudson Pacific Properties by 197.5% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 368,175 shares of the real estate investment trust's stock valued at $1,116,000 after buying an additional 244,410 shares during the period. Finally, Versor Investments LP acquired a new position in shares of Hudson Pacific Properties in the 4th quarter valued at about $97,000. Institutional investors and hedge funds own 97.58% of the company's stock.

Analyst Ratings Changes

HPP has been the subject of several recent research reports. The Goldman Sachs Group lowered their price target on Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Scotiabank lowered 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 note on Tuesday, February 18th. Piper Sandler set a $2.00 target price on Hudson Pacific Properties and gave the company a "neutral" rating in a report on Friday, May 23rd. Wedbush restated a "neutral" rating on shares of Hudson Pacific Properties in a report on Monday, May 5th. Finally, Jefferies Financial Group assumed coverage on shares of Hudson Pacific Properties in a research note on Monday, March 17th. They set a "hold" rating and a $2.70 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $3.51.

Hudson Pacific Properties Company 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.