Arthur X. Suazo Purchases 22,421 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP) Stock

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) EVP Arthur X. Suazo acquired 22,421 shares of the 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 $49,998.83. Following the completion of the acquisition, the executive vice president now directly owns 115,123 shares of the company's stock, valued at $256,724.29. The trade was a 24.19% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hudson Pacific Properties Stock Performance

Hudson Pacific Properties stock traded up $0.07 during midday trading on Thursday, reaching $2.83. 13,775,753 shares of the company's stock were exchanged, compared to its average volume of 3,556,805. The stock's 50-day simple moving average is $2.21 and its 200 day simple moving average is $2.72. The firm has a market cap of $400.56 million, a price-to-earnings 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. Hudson Pacific Properties, Inc. has a 52 week low of $1.78 and a 52 week high of $6.29.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last issued its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The company 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%. On average, analysts expect that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HPP. Odeon Capital Group assumed coverage on shares of Hudson Pacific Properties in a research report on Monday. They issued a "buy" rating and a $5.00 target price for the company. Jefferies Financial Group began coverage on Hudson Pacific Properties in a report on Monday, March 17th. They issued a "hold" rating and a $2.70 price objective for the company. Piper Sandler set a $2.00 target price on Hudson Pacific Properties and gave the stock a "neutral" rating in a report on Friday, May 23rd. Wells Fargo & Company reduced their price target 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. Finally, BMO Capital Markets decreased their price target on Hudson Pacific Properties from $4.00 to $3.50 and set an "outperform" rating for the company in a research note on Friday, June 13th. 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 company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $3.51.

Hedge Funds Weigh In On Hudson Pacific Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GeoWealth Management LLC acquired a new position in shares of Hudson Pacific Properties in the fourth quarter valued at $27,000. US Bancorp DE lifted its stake in shares of Hudson Pacific Properties by 1,053.7% during the 1st quarter. US Bancorp DE now owns 9,772 shares of the real estate investment trust's stock worth $29,000 after buying an additional 8,925 shares during the last quarter. Xponance Inc. bought a new stake in shares of Hudson Pacific Properties during the 4th quarter worth about $30,000. Cibc World Markets Corp acquired a new position in Hudson Pacific Properties in the 4th quarter valued at about $39,000. Finally, Boothbay Fund Management LLC bought a new position in Hudson Pacific Properties in the 4th quarter valued at about $40,000. 97.58% of the stock is owned by institutional investors.

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.