Nebula Research & Development LLC Boosts Stock Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

Nebula Research & Development LLC raised its position in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 112.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 284,926 shares of the real estate investment trust's stock after purchasing an additional 151,084 shares during the period. Nebula Research & Development LLC owned about 0.20% of Hudson Pacific Properties worth $863,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position in shares of Hudson Pacific Properties by 71.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 18,674 shares of the real estate investment trust's stock worth $57,000 after buying an additional 7,807 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Hudson Pacific Properties by 15.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 65,672 shares of the real estate investment trust's stock valued at $199,000 after purchasing an additional 8,775 shares in the last quarter. GeoWealth Management LLC acquired a new stake in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $27,000. Xponance Inc. purchased a new position in shares of Hudson Pacific Properties during the 4th quarter worth approximately $30,000. Finally, Stifel Financial Corp acquired a new position in shares of Hudson Pacific Properties during the 3rd quarter worth approximately $48,000. Hedge funds and other institutional investors own 97.58% of the company's stock.

Hudson Pacific Properties Trading Up 2.8 %

Shares of NYSE:HPP traded up $0.06 during trading on Friday, reaching $2.24. 1,796,589 shares of the stock were exchanged, compared to its average volume of 2,844,047. The firm's 50-day moving average price is $2.63 and its 200 day moving average price is $3.15. The firm has a market cap of $316.72 million, a price-to-earnings ratio of -0.87 and a beta of 1.30. Hudson Pacific Properties, Inc. has a 12-month low of $1.88 and a 12-month high of $6.29. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. The company had revenue of $209.67 million during the quarter, compared to the consensus estimate of $207.95 million. On average, sell-side analysts anticipate that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Piper Sandler dropped their price target on Hudson Pacific Properties from $3.50 to $2.50 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. BMO Capital Markets raised shares of Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $4.00 to $5.00 in a research note on Friday, March 28th. Morgan Stanley reiterated an "underweight" rating and issued a $1.75 price target on shares of Hudson Pacific Properties in a report on Tuesday, April 15th. Wells Fargo & Company raised 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 assumed coverage on Hudson Pacific Properties in a research note on Monday, March 17th. They issued a "hold" rating and a $2.70 price target on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $3.14.

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.