Hudson Pacific Properties, Inc. (NYSE:HPP) EVP Steven M. Jaffe Purchases 11,210 Shares

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) EVP Steven M. Jaffe purchased 11,210 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was purchased at an average price of $2.23 per share, with a total value of $24,998.30. Following the purchase, the executive vice president now directly owns 47,771 shares of the company's stock, valued at $106,529.33. The trade was a 30.66% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hudson Pacific Properties Stock Performance

Shares of HPP stock traded up $0.07 during mid-day trading on Thursday, hitting $2.83. 13,775,753 shares of the stock were exchanged, compared to its average volume of 3,556,805. The stock's fifty day simple moving average is $2.21 and its two-hundred day simple moving average is $2.72. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.79 and a current ratio of 1.79. Hudson Pacific Properties, Inc. has a 12-month low of $1.78 and a 12-month high of $6.29. The stock has a market capitalization of $400.56 million, a price-to-earnings ratio of -1.04 and a beta of 1.43.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.09 EPS for the quarter, meeting 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 return on equity of 14.12% and a negative net margin of 47.56%. On average, analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HPP. BTIG Research set a $8.00 price objective on shares of Hudson Pacific Properties and gave the company a "buy" rating in a report on Tuesday, May 6th. BMO Capital Markets dropped their target price on Hudson Pacific Properties from $4.00 to $3.50 and set an "outperform" rating on the stock in a report on Friday, June 13th. Wells Fargo & Company decreased their price target on Hudson Pacific Properties from $4.00 to $3.40 and set an "overweight" rating for the company in a report on Monday, May 19th. Odeon Capital Group assumed coverage on Hudson Pacific Properties in a research report on Monday. They set a "buy" rating and a $5.00 price objective for the company. Finally, The Goldman Sachs Group dropped their price objective on Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Hudson Pacific Properties currently has an average rating of "Hold" and a consensus target price of $3.51.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Resona Asset Management Co. Ltd. grew its stake in Hudson Pacific Properties by 8.8% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 62,503 shares of the real estate investment trust's stock valued at $186,000 after acquiring an additional 5,051 shares during the last quarter. Winslow Asset Management Inc. raised its holdings in shares of Hudson Pacific Properties by 15.8% in the first quarter. Winslow Asset Management Inc. now owns 49,030 shares of the real estate investment trust's stock worth $145,000 after acquiring an additional 6,685 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Hudson Pacific Properties by 71.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 18,674 shares of the real estate investment trust's stock worth $57,000 after acquiring an additional 7,807 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Hudson Pacific Properties by 25.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 41,563 shares of the real estate investment trust's stock valued at $122,000 after acquiring an additional 8,430 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of 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 acquiring an additional 8,775 shares during the last quarter. 97.58% of the stock is currently owned by institutional investors and hedge funds.

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.