Traders Purchase Large Volume of Hudson Pacific Properties Put Options (NYSE:HPP)

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) was the recipient of unusually large options trading on Thursday. Stock traders bought 13,412 put options on the stock. This represents an increase of approximately 544% compared to the average volume of 2,081 put options.

Institutional Investors Weigh In On Hudson Pacific Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of HPP. GeoWealth Management LLC purchased a new stake in shares of Hudson Pacific Properties in the 4th quarter worth approximately $27,000. US Bancorp DE grew 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 acquiring an additional 8,925 shares during the last quarter. Xponance Inc. bought a new position in shares of Hudson Pacific Properties during the fourth quarter valued at $30,000. Cibc World Markets Corp purchased a new position in shares of Hudson Pacific Properties in the 4th quarter worth about $39,000. Finally, Boothbay Fund Management LLC bought a new position in Hudson Pacific Properties in the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 97.58% of the company's stock.

Hudson Pacific Properties Stock Up 7.7%

Shares of NYSE:HPP traded up $0.19 during trading on Thursday, hitting $2.67. The stock had a trading volume of 60,654,666 shares, compared to its average volume of 3,163,396. The company has a market capitalization of $377.52 million, a PE ratio of -1.04 and a beta of 1.43. 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 firm's fifty day moving average is $2.17 and its 200 day moving average is $2.75. Hudson Pacific Properties has a 12 month low of $1.78 and a 12 month high of $6.29.

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 (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 12.64% and a negative net margin of 44.01%. Analysts anticipate that Hudson Pacific Properties will post 0.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HPP. Jefferies Financial Group began coverage on Hudson Pacific Properties in a report on Monday, March 17th. They set a "hold" rating and a $2.70 target price for the company. Wells Fargo & Company dropped their price objective on Hudson Pacific Properties from $4.00 to $3.40 and set an "overweight" rating for the company in a research note on Monday, May 19th. Wedbush reaffirmed a "neutral" rating on shares of Hudson Pacific Properties in a research note on Monday, May 5th. Scotiabank dropped their price target on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating for the company in a research report on Tuesday, February 18th. Finally, Morgan Stanley reissued an "underweight" rating and issued a $1.75 price target on shares of Hudson Pacific Properties in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $3.52.

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.