Hudson Pacific Properties, Inc. (NYSE:HPP) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 92.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,930 shares of the real estate investment trust's stock after selling 209,197 shares during the period. SG Americas Securities LLC's holdings in Hudson Pacific Properties were worth $167,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Captrust Financial Advisors bought a new position in Hudson Pacific Properties during the second quarter valued at approximately $33,000. Point72 Hong Kong Ltd bought a new position in Hudson Pacific Properties during the second quarter valued at approximately $35,000. Financial Gravity Asset Management Inc. lifted its position in Hudson Pacific Properties by 103,925.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 4,161 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 4,157 shares during the period. Point72 Middle East FZE purchased a new stake in Hudson Pacific Properties during the fourth quarter valued at approximately $48,000. Finally, Group One Trading L.P. purchased a new stake in Hudson Pacific Properties during the first quarter valued at approximately $149,000. Institutional investors own 97.58% of the company's stock.

Hudson Pacific Properties Trading Down 5.6 %

Shares of Hudson Pacific Properties stock traded down $0.34 during trading on Monday, hitting $5.78. The stock had a trading volume of 2,053,777 shares, compared to its average volume of 2,656,296. The firm's fifty day simple moving average is $6.62 and its 200-day simple moving average is $6.89. The stock has a market cap of $815.85 million, a PE ratio of -4.22, a PEG ratio of 0.52 and a beta of 1.31. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.79 and a quick ratio of 1.79. Hudson Pacific Properties, Inc. has a 12 month low of $4.05 and a 12 month high of $9.85.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last released its earnings results on Monday, February 12th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The firm had revenue of $223.42 million during the quarter, compared to analyst estimates of $223.93 million. Hudson Pacific Properties had a negative net margin of 19.20% and a negative return on equity of 5.74%. The business's revenue was down 17.2% on a year-over-year basis. During the same quarter last year, the business earned $0.49 EPS. As a group, sell-side analysts expect that Hudson Pacific Properties, Inc. will post 1.05 EPS for the current fiscal year.

Hudson Pacific Properties Dividend Announcement

The business also recently declared a -- dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 18th were paid a $0.05 dividend. The ex-dividend date was Friday, March 15th. Hudson Pacific Properties's dividend payout ratio is presently -14.60%.

Insider Buying and Selling

In related news, Director Barry A. Sholem purchased 40,000 shares of Hudson Pacific Properties stock in a transaction that occurred on Wednesday, February 21st. The shares were bought at an average price of $6.69 per share, with a total value of $267,600.00. Following the purchase, the director now directly owns 70,176 shares of the company's stock, valued at approximately $469,477.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CIO Drew Gordon sold 10,000 shares of Hudson Pacific Properties stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $7.11, for a total value of $71,100.00. Following the transaction, the executive now owns 116,694 shares of the company's stock, valued at approximately $829,694.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Barry A. Sholem acquired 40,000 shares of the business's stock in a transaction dated Wednesday, February 21st. The stock was purchased at an average cost of $6.69 per share, for a total transaction of $267,600.00. Following the transaction, the director now owns 70,176 shares in the company, valued at $469,477.44. The disclosure for this purchase can be found here. 3.92% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HPP shares. BTIG Research increased their price objective on shares of Hudson Pacific Properties from $11.00 to $13.00 and gave the stock a "buy" rating in a research note on Friday, December 29th. BMO Capital Markets raised their target price on shares of Hudson Pacific Properties from $12.00 to $13.00 and gave the company an "outperform" rating in a research note on Thursday, January 4th. Jefferies Financial Group raised shares of Hudson Pacific Properties from a "hold" rating to a "buy" rating and raised their target price for the company from $6.00 to $12.00 in a research note on Tuesday, January 2nd. Piper Sandler cut their target price on shares of Hudson Pacific Properties from $11.00 to $9.00 and set an "overweight" rating for the company in a research note on Friday, March 22nd. Finally, Wolfe Research raised shares of Hudson Pacific Properties from a "peer perform" rating to an "outperform" rating and set a $8.40 target price for the company in a research note on Monday, March 18th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $9.05.

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.