Jonathan M. Glaser Buys 448,430 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP) Stock

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) Director Jonathan M. Glaser acquired 448,430 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was acquired at an average price of $2.23 per share, for a total transaction of $999,998.90. Following the acquisition, the director now owns 668,699 shares in the company, valued at approximately $1,491,198.77. The trade was a 203.58% 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 Stock Performance

Hudson Pacific Properties stock traded up $0.07 during mid-day trading on Wednesday, reaching $2.83. 13,775,671 shares of the company were exchanged, compared to its average volume of 3,547,600. The firm has a market cap of $400.56 million, a PE ratio of -1.04 and a beta of 1.43. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.79 and a current ratio of 1.79. The firm's 50-day simple moving average is $2.20 and its two-hundred day simple moving average is $2.72. Hudson Pacific Properties, Inc. has a twelve month low of $1.78 and a twelve month high of $6.29.

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

Analyst Upgrades and Downgrades

HPP has been the subject of several recent analyst reports. Morgan Stanley restated an "underweight" rating and set a $1.75 price objective on shares of Hudson Pacific Properties in a research report on Tuesday, April 15th. Piper Sandler set a $2.00 price target on shares of Hudson Pacific Properties and gave the company a "neutral" rating in a research report on Friday, May 23rd. Jefferies Financial Group initiated coverage on Hudson Pacific Properties in a report on Monday, March 17th. They set a "hold" rating and a $2.70 price objective on the stock. BTIG Research set a $8.00 target price on Hudson Pacific Properties and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, Odeon Capital Group assumed coverage on Hudson Pacific Properties in a research report on Monday. They issued a "buy" rating and a $5.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Hudson Pacific Properties has an average rating of "Hold" and an average target price of $3.51.

Institutional Trading of Hudson Pacific Properties

Hedge funds and other institutional investors have recently made changes to their positions in the company. GeoWealth Management LLC acquired a new stake in Hudson Pacific Properties in the fourth quarter valued at about $27,000. US Bancorp DE lifted its holdings in shares of Hudson Pacific Properties by 1,053.7% in the 1st quarter. US Bancorp DE now owns 9,772 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 8,925 shares during the period. Xponance Inc. purchased a new stake in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $30,000. Cibc World Markets Corp purchased a new stake in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $39,000. Finally, Boothbay Fund Management LLC acquired a new position in Hudson Pacific Properties during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 97.58% of the company's stock.

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.