abrdn plc Has $8.01 Million Stock Holdings in Hudson Pacific Properties, Inc. (NYSE:HPP)

abrdn plc lowered its position in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 14.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 859,801 shares of the real estate investment trust's stock after selling 146,847 shares during the quarter. abrdn plc owned 0.61% of Hudson Pacific Properties worth $8,005,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Jennison Associates LLC bought a new stake in shares of Hudson Pacific Properties in the 3rd quarter worth approximately $820,000. FMR LLC lifted its position in shares of Hudson Pacific Properties by 6,191.3% during the 3rd quarter. FMR LLC now owns 5,393,766 shares of the real estate investment trust's stock worth $35,869,000 after buying an additional 5,308,032 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Hudson Pacific Properties by 238.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 130,942 shares of the real estate investment trust's stock worth $880,000 after buying an additional 92,304 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Hudson Pacific Properties during the 3rd quarter worth approximately $7,315,000. Finally, American Century Companies Inc. bought a new position in shares of Hudson Pacific Properties during the 3rd quarter worth approximately $9,313,000. Institutional investors own 97.58% of the company's stock.

Hudson Pacific Properties Trading Up 0.7 %

Shares of NYSE HPP traded up $0.04 during midday trading on Friday, hitting $5.72. The stock had a trading volume of 1,808,774 shares, compared to its average volume of 1,904,266. The company's 50-day simple moving average is $6.34 and its 200 day simple moving average is $6.86. The firm has a market cap of $807.38 million, a P/E ratio of -4.18, a price-to-earnings-growth ratio of 0.48 and a beta of 1.30. Hudson Pacific Properties, Inc. has a fifty-two week low of $4.05 and a fifty-two week high of $9.85. 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 (NYSE:HPP - Get Free Report) last released its earnings results on Monday, February 12th. The real estate investment trust reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $223.42 million during the quarter, compared to analysts' expectations of $223.93 million. Hudson Pacific Properties had a negative return on equity of 5.74% and a negative net margin of 19.20%. The business's revenue for the quarter was down 17.2% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS. Research analysts anticipate that Hudson Pacific Properties, Inc. will post 1.05 EPS for the current year.

Hudson Pacific Properties Announces Dividend

The company also recently announced a -- dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 18th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, March 15th. Hudson Pacific Properties's dividend payout ratio (DPR) is currently -14.60%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HPP shares. Wedbush downgraded Hudson Pacific Properties from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $11.00 to $7.50 in a research report on Tuesday, February 20th. BTIG Research raised their target price on Hudson Pacific Properties from $11.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, December 29th. Piper Sandler cut their target price on Hudson Pacific Properties from $11.00 to $9.00 and set an "overweight" rating for the company in a research report on Friday, March 22nd. Morgan Stanley cut their price objective on Hudson Pacific Properties from $7.00 to $6.00 and set an "equal weight" rating for the company in a research report on Thursday, March 28th. Finally, BMO Capital Markets lifted their price objective on Hudson Pacific Properties from $12.00 to $13.00 and gave the company an "outperform" rating in a research report on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $9.05.

Insider Activity

In other news, Director Barry A. Sholem bought 40,000 shares of the stock in a transaction dated Wednesday, February 21st. The stock was bought at an average cost of $6.69 per share, with a total value of $267,600.00. Following the purchase, the director now owns 70,176 shares of the company's stock, valued at $469,477.44. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Barry A. Sholem acquired 40,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The stock was acquired at an average cost of $6.69 per share, with a total value of $267,600.00. Following the completion of the purchase, the director now directly owns 70,176 shares in the company, valued at $469,477.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CIO Drew Gordon sold 10,000 shares of Hudson Pacific Properties stock in a transaction on Friday, February 16th. The stock was sold at an average price of $7.11, for a total value of $71,100.00. Following the sale, the executive now directly owns 116,694 shares of the company's stock, valued at $829,694.34. The disclosure for this sale can be found here. Insiders own 2.95% of the company's stock.

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.