Hudson Pacific Properties, Inc. (NYSE:HPP) COO Andy Wattula Acquires 11,210 Shares

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) COO Andy Wattula bought 11,210 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was purchased at an average cost of $2.23 per share, for a total transaction of $24,998.30. Following the completion of the acquisition, the chief operating officer now owns 66,862 shares in the company, valued at $149,102.26. This trade represents a 20.14% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hudson Pacific Properties Price Performance

Shares of HPP stock traded up $0.02 on Monday, reaching $2.76. The company had a trading volume of 49,901,946 shares, compared to its average volume of 3,452,839. The business's 50-day moving average is $2.18 and its 200 day moving average is $2.73. Hudson Pacific Properties, Inc. has a one year low of $1.78 and a one year high of $6.29. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $389.53 million, a PE ratio of -1.07 and a beta of 1.43.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.09 EPS for the quarter, meeting the consensus estimate 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 net margin of 44.01% and a negative return on equity of 12.64%. Equities research analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Hudson Pacific Properties

Several hedge funds have recently modified their holdings of the company. GeoWealth Management LLC acquired a new position in Hudson Pacific Properties in the 4th quarter worth about $27,000. US Bancorp DE boosted its stake in shares of Hudson Pacific Properties by 1,053.7% during the first quarter. US Bancorp DE now owns 9,772 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 8,925 shares in the last quarter. Xponance Inc. bought a new stake in shares of Hudson Pacific Properties during the fourth quarter worth about $30,000. Cibc World Markets Corp acquired a new position in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $39,000. Finally, Boothbay Fund Management LLC bought a new position in Hudson Pacific Properties in the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 97.58% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on HPP. 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. Jefferies Financial Group assumed coverage on shares of Hudson Pacific Properties in a report on Monday, March 17th. They set a "hold" rating and a $2.70 target price for the company. Scotiabank lowered their price target on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 18th. Wells Fargo & Company decreased their target price 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. Finally, Morgan Stanley restated an "underweight" rating and issued a $1.75 price target on shares of Hudson Pacific Properties in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Hudson Pacific Properties presently has an average rating of "Hold" and a consensus 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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