Hudson Pacific Properties, Inc. (NYSE:HPP) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its position in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 90.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,521 shares of the real estate investment trust's stock after selling 642,927 shares during the period. Hsbc Holdings PLC's holdings in Hudson Pacific Properties were worth $195,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Hudson Pacific Properties by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,668,360 shares of the real estate investment trust's stock worth $17,175,000 after purchasing an additional 458,783 shares during the period. Legal & General Group Plc boosted its stake in Hudson Pacific Properties by 0.5% in the 4th quarter. Legal & General Group Plc now owns 4,008,936 shares of the real estate investment trust's stock worth $12,147,000 after buying an additional 21,320 shares during the last quarter. Geode Capital Management LLC boosted its stake in Hudson Pacific Properties by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 3,488,285 shares of the real estate investment trust's stock worth $10,572,000 after buying an additional 61,868 shares during the last quarter. Presima Securities ULC increased its stake in shares of Hudson Pacific Properties by 8.0% during the 4th quarter. Presima Securities ULC now owns 2,504,983 shares of the real estate investment trust's stock valued at $7,590,000 after acquiring an additional 185,699 shares during the last quarter. Finally, Davis Selected Advisers increased its stake in shares of Hudson Pacific Properties by 88.0% during the 4th quarter. Davis Selected Advisers now owns 2,280,963 shares of the real estate investment trust's stock valued at $6,911,000 after acquiring an additional 1,067,940 shares during the last quarter. Hedge funds and other institutional investors own 97.58% of the company's stock.

Wall Street Analyst Weigh In

HPP has been the subject of several research analyst reports. Morgan Stanley reaffirmed an "underweight" rating and set a $1.75 price target on shares of Hudson Pacific Properties in a research report on Tuesday, April 15th. Wedbush reaffirmed a "neutral" rating on shares of Hudson Pacific Properties in a research report on Monday, May 5th. Wells Fargo & Company raised Hudson Pacific Properties from an "equal weight" rating to an "overweight" rating and set a $4.00 price target for the company in a research report on Monday, March 10th. Jefferies Financial Group started coverage on Hudson Pacific Properties in a report on Monday, March 17th. They issued a "hold" rating and a $2.70 price objective on the stock. Finally, BTIG Research set a $8.00 target price on Hudson Pacific Properties and gave the stock a "buy" rating in a report on Tuesday. 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $3.63.

Hudson Pacific Properties Trading Up 1.3 %

NYSE HPP opened at $2.30 on Friday. The company's fifty day simple moving average is $2.54 and its 200-day simple moving average is $3.06. The stock has a market cap of $325.20 million, a P/E ratio of -0.89 and a beta of 1.48. Hudson Pacific Properties, Inc. has a 52 week low of $1.88 and a 52 week high of $6.29. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47.

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, meeting analysts' consensus estimates of $0.09. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. The company had revenue of $198.46 million during the quarter, compared to analysts' expectations of $199.95 million. Equities research analysts predict that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

Hudson Pacific Properties 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.

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