Invesco Ltd. Has $830,000 Stake in Hudson Pacific Properties, Inc. (NYSE:HPP)

Invesco Ltd. decreased its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 68.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 274,083 shares of the real estate investment trust's stock after selling 586,358 shares during the period. Invesco Ltd. owned about 0.19% of Hudson Pacific Properties worth $830,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in Hudson Pacific Properties by 15.4% during 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 purchasing an additional 8,775 shares in the last quarter. Xponance Inc. acquired a new stake in shares of Hudson Pacific Properties during the fourth quarter worth approximately $30,000. Opinicus Capital Inc. acquired a new stake in Hudson Pacific Properties in the fourth quarter valued at $32,000. Cibc World Markets Corp bought a new position in Hudson Pacific Properties during the 4th quarter valued at $39,000. Finally, Sanctuary Advisors LLC acquired a new position in Hudson Pacific Properties during the 4th quarter worth $45,000. Institutional investors and hedge funds own 97.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HPP shares. Piper Sandler cut their price objective on Hudson Pacific Properties from $3.50 to $2.50 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. 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 objective on the stock. Wedbush reissued a "neutral" rating on shares of Hudson Pacific Properties in a report on Monday. Morgan Stanley reaffirmed an "underweight" rating and issued a $1.75 price target on shares of Hudson Pacific Properties in a report on Tuesday, April 15th. Finally, Scotiabank dropped their price objective on shares of 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 investment 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's stock. According to MarketBeat.com, Hudson Pacific Properties presently has a consensus rating of "Hold" and an average price target of $3.63.

Hudson Pacific Properties Price Performance

Hudson Pacific Properties stock traded down $0.01 during midday trading on Thursday, hitting $2.27. The company's stock had a trading volume of 463,873 shares, compared to its average volume of 2,751,948. Hudson Pacific Properties, Inc. has a 12 month low of $1.88 and a 12 month high of $6.28. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $320.96 million, a PE ratio of -0.88 and a beta of 1.48. The stock's 50-day moving average price is $2.57 and its 200-day moving average price is $3.11.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $198.46 million for the quarter, compared to analysts' expectations of $199.95 million. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. Analysts anticipate that Hudson Pacific Properties, Inc. will post 0.45 earnings per share 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.