Marshall Wace LLP Purchases 1,651,382 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP)

Marshall Wace LLP raised its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 853.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,844,926 shares of the real estate investment trust's stock after buying an additional 1,651,382 shares during the quarter. Marshall Wace LLP owned about 1.31% of Hudson Pacific Properties worth $5,590,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Green Alpha Advisors LLC lifted its holdings in shares of Hudson Pacific Properties by 77.7% during the fourth quarter. Green Alpha Advisors LLC now owns 521,592 shares of the real estate investment trust's stock valued at $1,580,000 after purchasing an additional 228,079 shares in the last quarter. Stifel Financial Corp purchased a new position in shares of Hudson Pacific Properties during the third quarter valued at approximately $48,000. Union Bancaire Privee UBP SA bought a new position in Hudson Pacific Properties during the fourth quarter valued at approximately $436,000. Brown University purchased a new stake in Hudson Pacific Properties in the fourth quarter worth approximately $1,832,000. Finally, Helix Partners Management LP bought a new stake in Hudson Pacific Properties in the 4th quarter worth approximately $579,000. Hedge funds and other institutional investors own 97.58% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HPP shares. Scotiabank dropped their price target on 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. Morgan Stanley reissued an "underweight" rating and issued a $1.75 target price on shares of Hudson Pacific Properties in a research report on Tuesday, April 15th. Wells Fargo & Company raised shares of Hudson Pacific Properties from an "equal weight" rating to an "overweight" rating and set a $4.00 price target for the company in a research report on Monday, March 10th. The Goldman Sachs Group cut their target price on shares of Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Finally, Jefferies Financial Group started coverage on shares of Hudson Pacific Properties in a research note on Monday, March 17th. They set a "hold" rating and a $2.70 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $3.14.

Hudson Pacific Properties Price Performance

NYSE:HPP traded down $0.12 on Tuesday, reaching $2.13. 338,963 shares of the company's stock traded hands, compared to its average volume of 2,861,406. The stock has a 50-day simple moving average of $2.71 and a 200-day simple moving average of $3.21. Hudson Pacific Properties, Inc. has a 12 month low of $2.00 and a 12 month high of $6.29. The firm has a market cap of $300.38 million, a PE ratio of -0.83 and a beta of 1.30. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. The company had revenue of $209.67 million for the quarter, compared to analysts' expectations of $207.95 million. Equities research analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current 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.