Insider Buying: Hudson Pacific Properties, Inc. (NYSE:HPP) COO Purchases 11,210 Shares of Stock

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) COO Andy Wattula purchased 11,210 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was bought at an average cost of $2.23 per share, with a total value of $24,998.30. Following the acquisition, the chief operating officer now owns 66,862 shares of the company's stock, valued at approximately $149,102.26. The trade was a 20.14% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hudson Pacific Properties Trading Up 2.6%

Shares of Hudson Pacific Properties stock traded up $0.07 on Thursday, reaching $2.83. The company had a trading volume of 13,775,753 shares, compared to its average volume of 3,556,805. The firm's 50 day moving average price is $2.21 and its two-hundred day moving average price is $2.72. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.79 and a current ratio of 1.79. Hudson Pacific Properties, Inc. has a 52-week low of $1.78 and a 52-week high of $6.29. The firm has a market cap of $400.56 million, a PE ratio of -1.04 and a beta of 1.43.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wedbush reissued a "neutral" rating on shares of Hudson Pacific Properties in a research report on Monday, May 5th. BTIG Research set a $8.00 target price on shares of Hudson Pacific Properties and gave the stock a "buy" rating in a research note on Tuesday, May 6th. BMO Capital Markets dropped their price target on shares of Hudson Pacific Properties from $4.00 to $3.50 and set an "outperform" rating for the company in a research note on Friday, June 13th. Jefferies Financial Group began coverage on shares of Hudson Pacific Properties in a report on Monday, March 17th. They set a "hold" rating and a $2.70 price target for the company. Finally, Wells Fargo & Company decreased their price objective 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. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $3.51.

Institutional Trading of Hudson Pacific Properties

A number of institutional investors and hedge funds have recently bought and sold shares of HPP. GeoWealth Management LLC acquired a new stake in shares of Hudson Pacific Properties during the fourth quarter worth about $27,000. US Bancorp DE increased its stake in Hudson Pacific Properties by 1,053.7% during the 1st quarter. US Bancorp DE now owns 9,772 shares of the real estate investment trust's stock worth $29,000 after buying an additional 8,925 shares during the period. Xponance Inc. acquired a new stake in Hudson Pacific Properties during the 4th quarter worth approximately $30,000. Cibc World Markets Corp acquired a new stake in Hudson Pacific Properties during the 4th quarter worth approximately $39,000. Finally, Boothbay Fund Management LLC purchased a new position in Hudson Pacific Properties in the 4th quarter valued at approximately $40,000. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

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.