Mark T. Lammas Buys 22,421 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP) Stock

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) President Mark T. Lammas purchased 22,421 shares of Hudson Pacific Properties 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 $49,998.83. Following the transaction, the president now owns 141,578 shares in the company, valued at $315,718.94. This trade represents a 18.82% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Hudson Pacific Properties Stock Performance

Shares of NYSE:HPP traded up $0.07 during mid-day trading on Thursday, reaching $2.83. The company had a trading volume of 13,775,753 shares, compared to its average volume of 3,556,805. 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 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.62. The company's 50-day moving average price is $2.21 and its 200-day moving average price 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.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last released its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.09. The business 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%. As a group, equities research analysts anticipate that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on HPP shares. Wedbush reissued a "neutral" rating on shares of Hudson Pacific Properties in a report on Monday, May 5th. Jefferies Financial Group assumed coverage on Hudson Pacific Properties in a report on Monday, March 17th. They set a "hold" rating and a $2.70 price target for the company. 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. The Goldman Sachs Group cut 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 report on Tuesday, April 22nd. Finally, Piper Sandler set a $2.00 target price on shares of Hudson Pacific Properties and gave the company a "neutral" rating in a report on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Hudson Pacific Properties currently has an average rating of "Hold" and a consensus price target of $3.51.

Institutional Investors Weigh In On Hudson Pacific Properties

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

Hudson Pacific Properties Company Profile

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.