J. Goldman & Co LP Takes $366,000 Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

J. Goldman & Co LP acquired a new stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 120,750 shares of the real estate investment trust's stock, valued at approximately $366,000. J. Goldman & Co LP owned 0.09% of Hudson Pacific Properties as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of HPP. Green Alpha Advisors LLC raised its position in shares of Hudson Pacific Properties by 77.7% in the 4th quarter. Green Alpha Advisors LLC now owns 521,592 shares of the real estate investment trust's stock worth $1,580,000 after buying an additional 228,079 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of Hudson Pacific Properties during the 4th quarter worth about $436,000. Brown University acquired a new stake in Hudson Pacific Properties during the 4th quarter worth approximately $1,832,000. Helix Partners Management LP purchased a new position in Hudson Pacific Properties in the fourth quarter valued at approximately $579,000. Finally, Sanctuary Advisors LLC acquired a new position in Hudson Pacific Properties during the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 97.58% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wedbush reissued a "neutral" rating on shares of Hudson Pacific Properties in a research note on Monday, May 5th. Piper Sandler reduced 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. Scotiabank dropped their target price on Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 18th. Wells Fargo & Company raised shares of 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. Finally, Jefferies Financial Group initiated coverage on shares of 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $3.63.

Hudson Pacific Properties Stock Performance

Shares of NYSE:HPP traded down $0.05 on Friday, reaching $2.09. 2,241,453 shares of the company's stock were exchanged, compared to its average volume of 2,864,864. Hudson Pacific Properties, Inc. has a fifty-two week low of $1.88 and a fifty-two week high of $6.29. The business's 50-day moving average is $2.47 and its two-hundred day moving average is $3.01. 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 has a market capitalization of $294.80 million, a price-to-earnings ratio of -0.81 and a beta of 1.48.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last issued its 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. The firm 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%. As a group, equities research analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current year.

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.