Voya Investment Management LLC lifted its position in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 27.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,077,473 shares of the real estate investment trust's stock after acquiring an additional 230,727 shares during the quarter. Voya Investment Management LLC owned 0.76% of Hudson Pacific Properties worth $3,265,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. GeoWealth Management LLC bought a new stake in Hudson Pacific Properties in the fourth quarter worth about $27,000. Xponance Inc. bought a new stake in shares of Hudson Pacific Properties during the 4th quarter worth approximately $30,000. Opinicus Capital Inc. purchased a new position in Hudson Pacific Properties during the 4th quarter valued at $32,000. Cibc World Markets Corp bought a new position in Hudson Pacific Properties in the 4th quarter valued at $39,000. Finally, Sanctuary Advisors LLC purchased a new stake in Hudson Pacific Properties in the fourth quarter worth $45,000. 97.58% of the stock is owned by hedge funds and other institutional investors.
Hudson Pacific Properties Price Performance
HPP stock traded up $0.01 during trading on Wednesday, hitting $2.24. The stock had a trading volume of 256,166 shares, compared to its average volume of 2,841,178. The company's 50-day moving average price is $2.59 and its two-hundred day moving average price is $3.11. Hudson Pacific Properties, Inc. has a twelve month low of $1.88 and a twelve month high of $6.29. The stock has a market capitalization of $316.01 million, a P/E ratio of -0.87 and a beta of 1.48. 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 issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $209.67 million during the quarter, compared to analysts' expectations of $207.95 million. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. As a group, research analysts predict that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on HPP. Jefferies Financial Group started coverage on shares of Hudson Pacific Properties in a report on Monday, March 17th. They set a "hold" rating and a $2.70 target price on the stock. Wedbush restated a "neutral" rating on shares of Hudson Pacific Properties in a report on Monday. Morgan Stanley reiterated an "underweight" rating and issued a $1.75 price target on shares of Hudson Pacific Properties in a report on Tuesday, April 15th. Piper Sandler decreased their price objective 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. Finally, Mizuho cut their target price on Hudson Pacific Properties from $5.00 to $3.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $3.14.
View Our Latest Stock Report on Hudson Pacific Properties
About Hudson Pacific Properties
(
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.
Further Reading
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
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
