Christopher James Barton Acquires 8,968 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP) Stock

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) EVP Christopher James Barton bought 8,968 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were bought at an average cost of $2.23 per share, for a total transaction of $19,998.64. Following the purchase, the executive vice president now owns 69,326 shares of the company's stock, valued at approximately $154,596.98. The trade was a 14.86% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hudson Pacific Properties Trading Up 2.6%

Shares of NYSE:HPP traded up $0.07 during trading on Thursday, reaching $2.83. The stock had a trading volume of 13,775,753 shares, compared to its average volume of 3,556,805. 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. The firm's fifty day moving average is $2.21 and its 200 day moving average is $2.72. The stock has a market cap of $400.56 million, a price-to-earnings ratio of -1.04 and a beta of 1.43.

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 EPS for the quarter, meeting analysts' consensus estimates of $0.09. Hudson Pacific Properties had a negative net margin of 47.56% and a negative return on equity of 14.12%. The business had revenue of $198.46 million for the quarter, compared to analysts' expectations of $199.95 million. As a group, equities analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Hudson Pacific Properties

Several large investors have recently added to or reduced their stakes in the business. GeoWealth Management LLC bought a new position in shares of Hudson Pacific Properties during the 4th quarter worth approximately $27,000. US Bancorp DE lifted its position 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 valued at $29,000 after acquiring an additional 8,925 shares during the period. Xponance Inc. bought a new position in Hudson Pacific Properties during the fourth quarter worth $30,000. Cibc World Markets Corp acquired a new stake in Hudson Pacific Properties in the fourth quarter worth $39,000. Finally, Boothbay Fund Management LLC acquired a new stake in Hudson Pacific Properties in the fourth quarter worth $40,000. Institutional investors and hedge funds own 97.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HPP. BTIG Research set a $8.00 price target on Hudson Pacific Properties and gave the company a "buy" rating in a research note on Tuesday, May 6th. Jefferies Financial Group assumed coverage on shares of Hudson Pacific Properties in a research report on Monday, March 17th. They set a "hold" rating and a $2.70 target price 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 report on Friday, May 23rd. Morgan Stanley restated an "underweight" rating and issued a $1.75 price target on shares of Hudson Pacific Properties in a research report on Tuesday, April 15th. Finally, Wedbush reiterated a "neutral" rating on shares of Hudson Pacific Properties in a report on Monday, May 5th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Hudson Pacific Properties presently has an average rating of "Hold" and an average 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.