Hudson Pacific Properties, Inc. (NYSE:HPP) Director Robert L. Harris II Purchases 44,843 Shares

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) Director Robert L. Harris II bought 44,843 shares of the stock in a transaction dated Thursday, June 12th. The stock was bought at an average price of $2.23 per share, with a total value of $99,999.89. Following the purchase, the director now owns 174,731 shares of the company's stock, valued at approximately $389,650.13. This represents a 34.52% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hudson Pacific Properties Stock Up 2.6%

NYSE:HPP traded up $0.07 during mid-day trading on Thursday, reaching $2.83. The stock had a trading volume of 13,775,753 shares, compared to its average volume of 3,556,805. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market capitalization of $400.56 million, a price-to-earnings ratio of -1.04 and a beta of 1.43. Hudson Pacific Properties, Inc. has a 1-year low of $1.78 and a 1-year high of $6.29. The stock's 50 day simple moving average is $2.21 and its two-hundred day simple moving average is $2.72.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last released its 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. Hudson Pacific Properties had a negative return on equity of 14.12% and a negative net margin of 47.56%. The company had revenue of $198.46 million for the quarter, compared to the consensus estimate of $199.95 million. Equities analysts anticipate that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HPP shares. Morgan Stanley restated an "underweight" rating and issued a $1.75 price target on shares of Hudson Pacific Properties in a report on Tuesday, April 15th. The Goldman Sachs Group dropped their price target on shares of Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company decreased their price objective on shares of Hudson Pacific Properties from $4.00 to $3.40 and set an "overweight" rating for the company in a research report on Monday, May 19th. Jefferies Financial Group began coverage on Hudson Pacific Properties in a research report on Monday, March 17th. They set a "hold" rating and a $2.70 target price on the stock. Finally, Odeon Capital Group began coverage on Hudson Pacific Properties in a research note on Monday. They issued a "buy" rating and a $5.00 price target on the stock. Two 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $3.51.

Hedge Funds Weigh In On Hudson Pacific Properties

Several large investors have recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. lifted its position in Hudson Pacific Properties by 8.8% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 62,503 shares of the real estate investment trust's stock valued at $186,000 after purchasing an additional 5,051 shares during the last quarter. Winslow Asset Management Inc. grew its position in Hudson Pacific Properties by 15.8% in the 1st quarter. Winslow Asset Management Inc. now owns 49,030 shares of the real estate investment trust's stock worth $145,000 after purchasing an additional 6,685 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Hudson Pacific Properties by 71.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 18,674 shares of the real estate investment trust's stock valued at $57,000 after purchasing an additional 7,807 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of Hudson Pacific Properties by 25.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 41,563 shares of the real estate investment trust's stock valued at $122,000 after purchasing an additional 8,430 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Hudson Pacific Properties by 15.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 65,672 shares of the real estate investment trust's stock valued at $199,000 after purchasing an additional 8,775 shares during the period. 97.58% of the stock is currently owned by 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.