Hudson Pacific Properties, Inc. (NYSE:HPP) Director Purchases $499,999.45 in Stock

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) Director Barry A. Sholem acquired 224,215 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were acquired at an average cost of $2.23 per share, for a total transaction of $499,999.45. Following the acquisition, the director now directly owns 400,743 shares of the company's stock, valued at $893,656.89. This trade represents a 127.01% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Hudson Pacific Properties Trading Up 2.6%

Shares of NYSE:HPP traded up $0.07 during midday trading on Thursday, reaching $2.83. The company's stock had a trading volume of 13,775,753 shares, compared to its average volume of 3,556,805. 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 business has a 50 day moving average price of $2.21 and a 200 day moving average price of $2.72. Hudson Pacific Properties, Inc. has a 1 year low of $1.78 and a 1 year high of $6.29. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.62.

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 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.09. Hudson Pacific Properties had a negative return on equity of 14.12% and a negative net margin of 47.56%. The firm had revenue of $198.46 million for the quarter, compared to analyst estimates of $199.95 million. Research analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current year.

Institutional Investors Weigh In On Hudson Pacific Properties

A number of institutional investors have recently bought and sold shares of the stock. GeoWealth Management LLC purchased a new position in Hudson Pacific Properties during the fourth quarter worth approximately $27,000. US Bancorp DE grew 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 valued at $29,000 after buying an additional 8,925 shares during the period. Xponance Inc. acquired a new stake in shares of Hudson Pacific Properties during the 4th quarter worth $30,000. Cibc World Markets Corp purchased a new position in shares of Hudson Pacific Properties in the 4th quarter worth $39,000. Finally, Boothbay Fund Management LLC acquired a new position in Hudson Pacific Properties in the fourth quarter valued at $40,000. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HPP has been the topic of several recent analyst reports. Odeon Capital Group initiated coverage on shares of Hudson Pacific Properties in a research report on Monday. They set a "buy" rating and a $5.00 target price on the stock. Morgan Stanley restated an "underweight" rating and issued a $1.75 price target on shares of Hudson Pacific Properties in a report on Tuesday, April 15th. Jefferies Financial Group initiated coverage on 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. Wedbush reissued a "neutral" rating on shares of Hudson Pacific Properties in a report on Monday, May 5th. Finally, BMO Capital Markets cut 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 equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Hudson Pacific Properties has a consensus rating of "Hold" and a consensus target price of $3.51.

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.