Checchi Capital Advisers LLC Buys Shares of 318,889 Hudson Pacific Properties, Inc. (NYSE:HPP)

Checchi Capital Advisers LLC bought a new stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 318,889 shares of the real estate investment trust's stock, valued at approximately $2,969,000. Checchi Capital Advisers LLC owned about 0.23% of Hudson Pacific Properties at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HPP. Van ECK Associates Corp lifted its stake in Hudson Pacific Properties by 17.2% during the third quarter. Van ECK Associates Corp now owns 18,165 shares of the real estate investment trust's stock valued at $121,000 after buying an additional 2,661 shares in the last quarter. Swiss National Bank lifted its position in shares of Hudson Pacific Properties by 1.0% in the 3rd quarter. Swiss National Bank now owns 278,750 shares of the real estate investment trust's stock valued at $1,854,000 after acquiring an additional 2,700 shares in the last quarter. Natixis Advisors L.P. boosted its stake in Hudson Pacific Properties by 9.4% in the 4th quarter. Natixis Advisors L.P. now owns 33,247 shares of the real estate investment trust's stock worth $309,000 after purchasing an additional 2,852 shares during the period. Asset Management One Co. Ltd. grew its position in Hudson Pacific Properties by 1.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 194,417 shares of the real estate investment trust's stock worth $1,841,000 after purchasing an additional 3,460 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. raised its stake in Hudson Pacific Properties by 103,925.0% during the 3rd 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. 97.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wolfe Research raised 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 report on Monday, March 18th. The Goldman Sachs Group lowered their target price on Hudson Pacific Properties from $9.00 to $7.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 7th. Morgan Stanley reduced their price target on shares of 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. Wedbush downgraded shares of Hudson Pacific Properties from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $11.00 to $7.50 in a research report on Tuesday, February 20th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $7.00 target price (down previously from $9.00) on shares of Hudson Pacific Properties in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $8.49.

Hudson Pacific Properties Price Performance

Shares of HPP stock remained flat at $5.43 on Friday. 1,706,316 shares of the company traded hands, compared to its average volume of 2,324,004. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.85 and a quick ratio of 1.79. The firm has a market cap of $766.44 million, a PE ratio of -3.39, a price-to-earnings-growth ratio of 0.48 and a beta of 1.31. Hudson Pacific Properties, Inc. has a 1-year low of $4.05 and a 1-year high of $9.85. The firm's fifty day moving average price is $6.13 and its two-hundred day moving average price is $6.88.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last released its quarterly 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. Hudson Pacific Properties had a negative return on equity of 6.91% and a negative net margin of 23.48%. The company had revenue of $223.42 million during the quarter, compared to the consensus estimate of $223.93 million. During the same quarter in the prior year, the company posted $0.49 EPS. The firm's revenue was down 17.2% on a year-over-year basis. Analysts predict that Hudson Pacific Properties, Inc. will post 0.95 EPS for the current fiscal year.

Hudson Pacific Properties Dividend Announcement

The company also recently disclosed 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 payout ratio is -12.50%.

Insider Buying and Selling

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

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.