Lighthouse Investment Partners LLC Invests $1.20 Million in Hudson Pacific Properties, Inc. (NYSE:HPP)

Lighthouse Investment Partners LLC bought a new position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 395,591 shares of the real estate investment trust's stock, valued at approximately $1,199,000. Lighthouse Investment Partners LLC owned about 0.28% of Hudson Pacific Properties at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. J. Goldman & Co LP bought a new stake in shares of Hudson Pacific Properties in the fourth quarter valued at about $366,000. D. E. Shaw & Co. Inc. lifted its stake in Hudson Pacific Properties by 95.9% during 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 purchasing an additional 1,275,236 shares during the period. DigitalBridge Group Inc. bought a new position in Hudson Pacific Properties during the fourth quarter worth about $2,199,000. Brevan Howard Capital Management LP increased its holdings in shares of Hudson Pacific Properties by 374.3% during the fourth quarter. Brevan Howard Capital Management LP now owns 84,671 shares of the real estate investment trust's stock worth $257,000 after buying an additional 66,821 shares in the last quarter. Finally, Cantor Fitzgerald L. P. acquired a new stake in shares of Hudson Pacific Properties during the fourth quarter worth approximately $72,000. Institutional investors own 97.58% of the company's stock.

Analyst Ratings Changes

HPP has been the subject of several recent analyst reports. The Goldman Sachs Group dropped their price objective on shares of Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company lowered their price target on shares of Hudson Pacific Properties from $4.00 to $3.40 and set an "overweight" rating for the company in a report on Monday. Piper Sandler lowered their target price on shares of Hudson Pacific Properties from $3.50 to $2.50 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Jefferies Financial Group assumed coverage on shares of Hudson Pacific Properties in a research report on Monday, March 17th. They set a "hold" rating and a $2.70 price target on the stock. Finally, Scotiabank reduced their price target on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating on the stock in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $3.57.

Hudson Pacific Properties Stock Down 2.2%

HPP stock traded down $0.05 during midday trading on Tuesday, hitting $2.03. The company's stock had a trading volume of 333,475 shares, compared to its average volume of 2,858,624. 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 twelve month low of $1.88 and a twelve month high of $6.29. The company's fifty day moving average price is $2.45 and its 200 day moving average price is $2.96. The stock has a market capitalization of $286.32 million, a P/E ratio of -0.79 and a beta of 1.48.

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, meeting the consensus estimate of $0.09. The firm had revenue of $198.46 million for the quarter, compared to analyst estimates 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 predict 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.