233,426 Shares in Hudson Pacific Properties, Inc. (NYSE:HPP) Purchased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 233,426 shares of the real estate investment trust's stock, valued at approximately $707,000. Point72 Asia Singapore Pte. Ltd. owned about 0.17% of Hudson Pacific Properties as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GeoWealth Management LLC acquired a new stake in shares of Hudson Pacific Properties during the fourth quarter worth about $27,000. Xponance Inc. acquired a new position in Hudson Pacific Properties during the fourth quarter worth approximately $30,000. Opinicus Capital Inc. acquired a new position in Hudson Pacific Properties during the fourth quarter worth approximately $32,000. Cibc World Markets Corp purchased a new stake in Hudson Pacific Properties in the fourth quarter valued at approximately $39,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $40,000. 97.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HPP. Morgan Stanley reaffirmed an "underweight" rating and issued a $1.75 target price on shares of Hudson Pacific Properties in a report on Tuesday, April 15th. Wells Fargo & Company reduced their target price on shares of Hudson Pacific Properties from $4.00 to $3.40 and set an "overweight" rating for the company in a report on Monday. Wedbush reissued a "neutral" rating on shares of Hudson Pacific Properties in a report on Monday, May 5th. 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 report on Tuesday, February 18th. Finally, The Goldman Sachs Group decreased their price objective on 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Hudson Pacific Properties presently has an average rating of "Hold" and a consensus price target of $3.57.

Hudson Pacific Properties Stock Performance

NYSE:HPP traded down $0.02 during mid-day trading on Monday, reaching $2.06. The stock had a trading volume of 2,041,126 shares, compared to its average volume of 2,868,459. Hudson Pacific Properties, Inc. has a twelve month low of $1.88 and a twelve month high of $6.29. The business has a 50 day simple moving average of $2.46 and a 200 day simple moving average of $2.98. The firm has a market capitalization of $291.27 million, a price-to-earnings ratio of -0.80 and a beta of 1.48. 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 posted its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. The business had revenue of $198.46 million during the quarter, compared to analysts' expectations of $199.95 million. On average, analysts expect that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal year.

Hudson Pacific Properties 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.