Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) Director Robert L. Harris II acquired 44,843 shares of Hudson Pacific Properties stock in a transaction on Thursday, June 12th. The shares were purchased at an average price of $2.23 per share, for a total transaction of $99,999.89. Following the completion of the purchase, the director now directly owns 174,731 shares of the company's stock, valued at approximately $389,650.13. This represents a 34.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Hudson Pacific Properties Price Performance
Shares of HPP traded up $0.02 during mid-day trading on Monday, hitting $2.76. 49,901,946 shares of the stock were exchanged, compared to its average volume of 3,452,839. The firm has a 50-day moving average of $2.18 and a two-hundred day moving average of $2.73. Hudson Pacific Properties, Inc. has a 52-week low of $1.78 and a 52-week high of $6.29. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap 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 released its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.09 EPS for the quarter, meeting analysts' consensus estimates of $0.09. The firm had revenue of $198.46 million for the quarter, compared to analysts' expectations of $199.95 million. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. On average, equities analysts predict that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. GeoWealth Management LLC purchased a new stake in Hudson Pacific Properties in the fourth 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. purchased a new position in Hudson Pacific Properties during the fourth quarter valued at approximately $30,000. Cibc World Markets Corp bought a new position in Hudson Pacific Properties in the fourth quarter worth approximately $39,000. Finally, Boothbay Fund Management LLC purchased a new stake in Hudson Pacific Properties during the fourth quarter worth $40,000. Institutional investors own 97.58% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. Piper Sandler set a $2.00 target price on shares of Hudson Pacific Properties and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Wedbush reaffirmed a "neutral" rating on shares of Hudson Pacific Properties in a report on Monday, May 5th. Wells Fargo & Company dropped their target price on 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. Odeon Capital Group began coverage on Hudson Pacific Properties in a report on Monday. They set a "buy" rating and a $5.00 price target on the stock. Finally, Scotiabank dropped their price objective 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $3.51.
Read Our Latest Stock Analysis on HPP
About Hudson Pacific Properties
(
Get Free Report)
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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