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 firm's stock in a transaction dated Thursday, June 12th. The shares were acquired at an average price of $2.23 per share, with a total value 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 legal filing with the SEC, which is available at this link.

Hudson Pacific Properties Stock Performance

Shares of Hudson Pacific Properties stock traded up $0.07 during trading on Thursday, hitting $2.83. 13,775,753 shares of the company's stock were exchanged, compared to its average volume of 3,556,805. The stock has a market capitalization of $400.56 million, a price-to-earnings ratio of -1.04 and a beta of 1.43. The business has a 50-day simple moving average of $2.21 and a 200-day simple moving average of $2.72. 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 1.62, a quick ratio of 1.79 and a current ratio of 1.79.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last announced 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 company had revenue of $198.46 million for 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%. On average, research analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current year.

Wall Street Analysts Forecast Growth

HPP has been the topic of a number of research analyst reports. Piper Sandler set a $2.00 price target on Hudson Pacific Properties and gave the stock a "neutral" rating in a research note on Friday, May 23rd. BTIG Research set a $8.00 price target on shares of Hudson Pacific Properties and gave the company a "buy" rating in a research note on Tuesday, May 6th. Odeon Capital Group initiated coverage on shares of Hudson Pacific Properties in a report on Monday. They issued a "buy" rating and a $5.00 price target for the company. The Goldman Sachs Group lowered their price objective on shares of Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Finally, BMO Capital Markets cut their target price on Hudson Pacific Properties from $4.00 to $3.50 and set an "outperform" rating on the stock in a research report on Friday, June 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $3.51.

Institutional Trading of Hudson Pacific Properties

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Asset Management One Co. Ltd. lifted its holdings in Hudson Pacific Properties by 9.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 206,656 shares of the real estate investment trust's stock valued at $614,000 after acquiring an additional 18,279 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Hudson Pacific Properties during the 4th quarter valued at approximately $45,000. Union Bancaire Privee UBP SA acquired a new position in shares of Hudson Pacific Properties in the 4th quarter valued at $436,000. Y Intercept Hong Kong Ltd lifted its stake in shares of Hudson Pacific Properties by 197.5% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 368,175 shares of the real estate investment trust's stock valued at $1,116,000 after purchasing an additional 244,410 shares during the period. Finally, Versor Investments LP purchased a new stake in Hudson Pacific Properties during the fourth quarter worth $97,000. 97.58% of the stock is owned by institutional investors and hedge funds.

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.