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

J. Goldman & Co LP purchased a new position in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. boosted its holdings in Hudson Pacific Properties by 265.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 10,054,067 shares of the real estate investment trust's stock worth $30,464,000 after acquiring an additional 7,303,472 shares in the last quarter. Marshall Wace LLP boosted its holdings in Hudson Pacific Properties by 853.2% in the fourth quarter. Marshall Wace LLP now owns 1,844,926 shares of the real estate investment trust's stock worth $5,590,000 after acquiring an additional 1,651,382 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Hudson Pacific Properties by 95.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,605,516 shares of the real estate investment trust's stock worth $7,895,000 after acquiring an additional 1,275,236 shares in the last quarter. Davis Selected Advisers boosted its holdings in Hudson Pacific Properties by 88.0% in the fourth quarter. Davis Selected Advisers now owns 2,280,963 shares of the real estate investment trust's stock worth $6,911,000 after acquiring an additional 1,067,940 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Hudson Pacific Properties by 257.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,322,827 shares of the real estate investment trust's stock worth $4,008,000 after acquiring an additional 952,393 shares in the last quarter. 97.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HPP. The Goldman Sachs Group lowered their price target on Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company raised Hudson Pacific Properties from an "equal weight" rating to an "overweight" rating and set a $4.00 price target on the stock in a report on Monday, March 10th. Morgan Stanley reaffirmed an "underweight" rating and set a $1.75 price target on shares of Hudson Pacific Properties in a report on Tuesday, April 15th. BTIG Research set a $8.00 price target on Hudson Pacific Properties and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, Wedbush reaffirmed a "neutral" rating on shares of Hudson Pacific Properties in a report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Hudson Pacific Properties has an average rating of "Hold" and a consensus price target of $3.63.

Hudson Pacific Properties Stock Performance

Hudson Pacific Properties stock traded down $0.05 during mid-day trading on Friday, reaching $2.09. 2,241,453 shares of the stock traded hands, compared to its average volume of 2,871,782. The stock has a market capitalization of $294.80 million, a PE ratio of -0.81 and a beta of 1.48. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26. Hudson Pacific Properties, Inc. has a 12-month low of $1.88 and a 12-month high of $6.29. The business's 50-day moving average is $2.46 and its 200-day moving average is $2.98.

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

About Hudson Pacific Properties

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.