195,340 Shares in Hudson Pacific Properties, Inc. (NYSE:HPP) Purchased by Quantessence Capital LLC

Quantessence Capital LLC purchased a new position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 195,340 shares of the real estate investment trust's stock, valued at approximately $592,000. Quantessence Capital LLC owned 0.14% of Hudson Pacific Properties at the end of the most recent quarter.

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

Hudson Pacific Properties Trading Down 1.3 %

NYSE HPP traded down $0.03 during trading on Friday, hitting $2.21. 1,735,411 shares of the company's stock traded hands, compared to its average volume of 2,877,138. The stock has a fifty day moving average of $2.72 and a two-hundred day moving average of $3.23. Hudson Pacific Properties, Inc. has a 12-month low of $2.00 and a 12-month high of $6.29. The firm has a market cap of $312.39 million, a P/E ratio of -0.86 and a beta of 1.30. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26.

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

Analyst Upgrades and Downgrades

HPP has been the subject of several recent analyst reports. Jefferies Financial Group assumed coverage on Hudson Pacific Properties in a report on Monday, March 17th. They set a "hold" rating and a $2.70 price objective for the company. The Goldman Sachs Group cut their price target on shares of Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Mizuho lowered their price objective on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Morgan Stanley reaffirmed an "underweight" rating and set a $1.75 price objective on shares of Hudson Pacific Properties in a report on Tuesday, April 15th. Finally, Piper Sandler reduced their target price on Hudson Pacific Properties from $3.50 to $2.50 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, 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.