Dimensional Fund Advisors LP decreased its stake in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 15.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,598,871 shares of the real estate investment trust's stock after selling 282,849 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.13% of Hudson Pacific Properties worth $4,844,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its stake in Hudson Pacific Properties by 15.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 65,672 shares of the real estate investment trust's stock valued at $199,000 after buying an additional 8,775 shares in the last quarter. GeoWealth Management LLC bought a new position in Hudson Pacific Properties in the 4th quarter valued at $27,000. Xponance Inc. bought a new position in Hudson Pacific Properties in the 4th quarter valued at $30,000. Opinicus Capital Inc. bought a new position in Hudson Pacific Properties in the 4th quarter valued at $32,000. Finally, Cibc World Markets Corp bought a new position in Hudson Pacific Properties in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 97.58% of the company's stock.
Hudson Pacific Properties Trading Down 2.1%
Shares of Hudson Pacific Properties stock traded down $0.05 during trading hours on Friday, hitting $2.09. The company's stock had a trading volume of 2,241,453 shares, compared to its average volume of 2,871,782. Hudson Pacific Properties, Inc. has a 12 month low of $1.88 and a 12 month high of $6.29. The stock has a 50 day moving average of $2.46 and a 200 day moving average of $2.98. The company has a market capitalization of $294.80 million, a PE ratio of -0.81 and a beta of 1.48. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26.
Hudson Pacific Properties (NYSE:HPP - Get Free Report) last posted its quarterly earnings data 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. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. The company had revenue of $198.46 million during the quarter, compared to analysts' expectations of $199.95 million. Analysts predict that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current year.
Wall Street Analyst Weigh In
Several brokerages have issued reports on HPP. Wells Fargo & Company upgraded Hudson Pacific Properties from an "equal weight" rating to an "overweight" rating and set a $4.00 price objective for the company in a research report on Monday, March 10th. Jefferies Financial Group started coverage on Hudson Pacific Properties in a research note on Monday, March 17th. They set a "hold" rating and a $2.70 price target on the stock. BMO Capital Markets raised Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and upped their price target for the company from $4.00 to $5.00 in a research note on Friday, March 28th. 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. Finally, Scotiabank cut their price target on Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating on the stock in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $3.63.
View Our Latest Analysis on HPP
Hudson Pacific Properties Profile
(
Free Report)
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.
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