Ted R. Antenucci Purchases 89,686 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP) Stock

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) Director Ted R. Antenucci bought 89,686 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was acquired at an average price of $2.23 per share, for a total transaction of $199,999.78. Following the transaction, the director now owns 254,934 shares of the company's stock, valued at approximately $568,502.82. The trade was a 54.27% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Hudson Pacific Properties Stock Up 0.5%

Shares of HPP traded up $0.02 during trading hours on Monday, hitting $2.76. The stock had a trading volume of 49,901,946 shares, compared to its average volume of 3,452,839. Hudson Pacific Properties, Inc. has a 1-year low of $1.78 and a 1-year high of $6.29. The firm has a market capitalization of $389.53 million, a P/E ratio of -1.07 and a beta of 1.43. The firm has a 50 day simple moving average of $2.18 and a 200-day simple moving average of $2.73. 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 posted its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The business 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%. Sell-side analysts predict that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HPP shares. Jefferies Financial Group assumed coverage on shares of Hudson Pacific Properties in a report on Monday, March 17th. They set a "hold" rating and a $2.70 price target for the company. BMO Capital Markets lowered their target price on Hudson Pacific Properties from $4.00 to $3.50 and set an "outperform" rating for the company in a report on Friday. The Goldman Sachs Group cut their price target on Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Odeon Capital Group assumed coverage on Hudson Pacific Properties in a report on Monday. They set a "buy" rating and a $5.00 price target on the stock. Finally, Scotiabank dropped their price objective on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating for the company in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $3.51.

Hedge Funds Weigh In On Hudson Pacific Properties

Hedge funds have recently bought and sold shares of the company. Asset Management One Co. Ltd. increased its position in shares of Hudson Pacific Properties by 9.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 206,656 shares of the real estate investment trust's stock valued at $614,000 after purchasing an additional 18,279 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Hudson Pacific Properties in the 4th quarter worth approximately $45,000. Union Bancaire Privee UBP SA purchased a new position in shares of Hudson Pacific Properties in the fourth quarter valued at $436,000. Y Intercept Hong Kong Ltd increased its position in shares of Hudson Pacific Properties by 197.5% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 368,175 shares of the real estate investment trust's stock valued at $1,116,000 after buying an additional 244,410 shares during the period. Finally, Versor Investments LP purchased a new stake in Hudson Pacific Properties in the 4th quarter worth approximately $97,000. 97.58% of the stock is owned by hedge funds and other institutional investors.

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.

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