Hudson Pacific Properties, Inc. (NYSE:HPP) Holdings Increased by Saba Capital Management L.P.

Saba Capital Management L.P. grew its stake in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 105.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,790,762 shares of the real estate investment trust's stock after purchasing an additional 918,045 shares during the quarter. Saba Capital Management L.P. owned approximately 1.27% of Hudson Pacific Properties worth $5,426,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Mechanics Bank Trust Department bought a new stake in Hudson Pacific Properties in the fourth quarter valued at about $60,000. Mutual Advisors LLC acquired a new position in shares of Hudson Pacific Properties in the 4th quarter worth approximately $44,000. Inspire Investing LLC increased its holdings in shares of Hudson Pacific Properties by 60.0% in the 4th quarter. Inspire Investing LLC now owns 139,232 shares of the real estate investment trust's stock valued at $422,000 after acquiring an additional 52,237 shares during the last quarter. Key Client Fiduciary Advisors LLC increased its holdings in shares of Hudson Pacific Properties by 150.0% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 30,000 shares of the real estate investment trust's stock valued at $91,000 after acquiring an additional 18,000 shares during the last quarter. Finally, Presima Securities ULC raised its position in shares of Hudson Pacific Properties by 8.0% during the 4th quarter. Presima Securities ULC now owns 2,504,983 shares of the real estate investment trust's stock valued at $7,590,000 after acquiring an additional 185,699 shares in the last quarter. Institutional investors own 97.58% of the company's stock.

Hudson Pacific Properties Stock Performance

Shares of NYSE:HPP traded down $0.09 during trading hours on Wednesday, hitting $1.91. The stock had a trading volume of 3,029,258 shares, compared to its average volume of 2,871,524. The stock's fifty day simple moving average is $2.43 and its 200 day simple moving average is $2.95. The firm has a market capitalization of $269.35 million, a price-to-earnings ratio of -0.74 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, Inc. has a 1-year low of $1.88 and a 1-year high of $6.29.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 analyst estimates of $199.95 million. Sell-side analysts anticipate that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. The Goldman Sachs Group decreased their price objective on shares of Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. BTIG Research set a $8.00 price target on shares of Hudson Pacific Properties and gave the company a "buy" rating in a report on Tuesday, May 6th. Morgan Stanley reaffirmed an "underweight" rating and set a $1.75 price objective on shares of Hudson Pacific Properties in a research report on Tuesday, April 15th. Wedbush reissued a "neutral" rating on shares of Hudson Pacific Properties in a report on Monday, May 5th. Finally, Piper Sandler decreased their target price on Hudson Pacific Properties from $3.50 to $2.50 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $3.57.

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.