Hudson Pacific Properties, Inc. (NYSE:HPP) CIO Buys $24,998.30 in Stock

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) CIO Drew Gordon acquired 11,210 shares of the stock in a transaction on Thursday, June 12th. The shares were purchased at an average price of $2.23 per share, with a total value of $24,998.30. Following the completion of the transaction, the executive now owns 119,988 shares of the company's stock, valued at approximately $267,573.24. This represents a 10.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

Hudson Pacific Properties Trading Up 0.5%

Shares of NYSE:HPP traded up $0.02 during midday trading on Monday, reaching $2.76. The company's stock had a trading volume of 49,901,946 shares, compared to its average volume of 3,452,839. The firm has a 50 day moving average price of $2.18 and a two-hundred day moving average price of $2.73. Hudson Pacific Properties, Inc. has a fifty-two week low of $1.78 and a fifty-two week high of $6.29. The firm has a market capitalization of $389.53 million, a price-to-earnings ratio of -1.07 and a beta of 1.43. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last issued its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 for the quarter, compared to analyst estimates of $199.95 million. As a group, analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current year.

Institutional Trading of Hudson Pacific Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HPP. Asset Management One Co. Ltd. increased its position in shares of 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 acquiring an additional 18,279 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Hudson Pacific Properties during the 4th quarter worth approximately $45,000. Union Bancaire Privee UBP SA bought a new stake in Hudson Pacific Properties during the 4th quarter worth approximately $436,000. Y Intercept Hong Kong Ltd raised its stake in shares of Hudson Pacific Properties by 197.5% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 368,175 shares of the real estate investment trust's stock worth $1,116,000 after purchasing an additional 244,410 shares during the last quarter. Finally, Versor Investments LP bought a new position in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $97,000. 97.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Jefferies Financial Group began coverage on Hudson Pacific Properties in a research note on Monday, March 17th. They issued a "hold" rating and a $2.70 price target on the stock. Odeon Capital Group started coverage on Hudson Pacific Properties in a research report on Monday. They issued a "buy" rating and a $5.00 target price on the stock. 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. Scotiabank dropped their target price on shares of 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. Finally, Piper Sandler set a $2.00 price target on shares of Hudson Pacific Properties and gave the company a "neutral" rating in a research note on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Hudson Pacific Properties 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.

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