Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) EVP Steven M. Jaffe purchased 11,210 shares of the business's stock in a transaction on Thursday, June 12th. The shares were bought at an average cost of $2.23 per share, for a total transaction of $24,998.30. Following the completion of the transaction, the executive vice president now directly owns 47,771 shares in the company, valued at $106,529.33. This trade represents a 30.66% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Hudson Pacific Properties Price Performance
NYSE:HPP traded up $0.02 during trading hours on Monday, reaching $2.76. 49,901,946 shares of the company were exchanged, compared to its average volume of 3,452,839. The stock's 50-day moving average is $2.18 and its 200-day moving average is $2.73. Hudson Pacific Properties, Inc. has a twelve month low of $1.78 and a twelve month high of $6.29. The firm has a market cap of $389.53 million, a PE ratio of -1.07 and a beta of 1.43. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47.
Hudson Pacific Properties (NYSE:HPP - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The firm had revenue of $198.46 million during the quarter, compared to the consensus estimate of $199.95 million. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. On average, sell-side analysts anticipate that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Hudson Pacific Properties
A number of hedge funds have recently made changes to their positions in the company. GeoWealth Management LLC purchased a new position in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $27,000. US Bancorp DE raised its stake in Hudson Pacific Properties by 1,053.7% in the 1st quarter. US Bancorp DE now owns 9,772 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 8,925 shares during the last quarter. Xponance Inc. purchased a new position in Hudson Pacific Properties in the 4th quarter valued at $30,000. Cibc World Markets Corp purchased a new position in Hudson Pacific Properties in the 4th quarter valued at $39,000. Finally, Boothbay Fund Management LLC acquired a new stake in Hudson Pacific Properties during the 4th quarter worth $40,000. Institutional investors and hedge funds own 97.58% of the company's stock.
Analyst Upgrades and Downgrades
HPP has been the topic of a number of recent research reports. Piper Sandler set a $2.00 target price on Hudson Pacific Properties and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Morgan Stanley restated an "underweight" rating and issued a $1.75 price objective on shares of Hudson Pacific Properties in a research report on Tuesday, April 15th. BTIG Research set a $8.00 target price on shares of Hudson Pacific Properties and gave the company a "buy" rating in a report on Tuesday, May 6th. Wells Fargo & Company lowered their price target on shares of Hudson Pacific Properties from $4.00 to $3.40 and set an "overweight" rating on the stock in a report on Monday, May 19th. Finally, BMO Capital Markets cut their price objective on shares of Hudson Pacific Properties from $4.00 to $3.50 and set an "outperform" rating for the company in a report on Friday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $3.51.
Check Out Our Latest Analysis on Hudson Pacific Properties
Hudson Pacific Properties Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Hudson Pacific Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hudson Pacific Properties wasn't on the list.
While Hudson Pacific Properties currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
