Hudson Pacific Properties, Inc. (NYSE:HPP) Director Erinn Burnough Acquires 8,968 Shares

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) Director Erinn Burnough purchased 8,968 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was acquired at an average cost of $2.23 per share, with a total value of $19,998.64. Following the transaction, the director now directly owns 109,051 shares of the company's stock, valued at approximately $243,183.73. This represents a 8.96% increase in their ownership of the stock. The transaction was disclosed in a legal filing 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 company traded hands, compared to its average volume of 3,452,839. Hudson Pacific Properties, Inc. has a one year low of $1.78 and a one year high of $6.29. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47. The business has a 50-day moving average of $2.19 and a 200 day moving average of $2.72. The stock has a market capitalization of $389.53 million, a price-to-earnings ratio of -1.07 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, meeting 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 analysts' expectations of $199.95 million. As a group, equities analysts expect that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal year.

Institutional Trading of Hudson Pacific Properties

Hedge funds have recently modified their holdings of the stock. GeoWealth Management LLC bought a new stake in shares of Hudson Pacific Properties during the fourth quarter valued at approximately $27,000. US Bancorp DE boosted its stake in Hudson Pacific Properties by 1,053.7% in the first quarter. US Bancorp DE now owns 9,772 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 8,925 shares during the last quarter. Xponance Inc. bought a new position in Hudson Pacific Properties in the fourth quarter valued at approximately $30,000. Cibc World Markets Corp bought a new position in 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 fourth quarter valued at approximately $40,000. 97.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Morgan Stanley reissued an "underweight" rating and issued a $1.75 price target on shares of Hudson Pacific Properties in a research report on Tuesday, April 15th. Wedbush reissued a "neutral" rating on shares of Hudson Pacific Properties in a research report on Monday, May 5th. 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 report on Friday. Odeon Capital Group initiated coverage on shares of Hudson Pacific Properties in a research report on Monday. They issued a "buy" rating and a $5.00 price target for the company. Finally, The Goldman Sachs Group decreased their price objective 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $3.51.

About Hudson Pacific Properties

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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