Quantinno Capital Management LP Boosts Holdings in Hudson Pacific Properties, Inc. (NYSE:HPP)

Quantinno Capital Management LP raised its stake in Hudson Pacific Properties, Inc. (NYSE:HPP) by 29.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 204,930 shares of the real estate investment trust’s stock after acquiring an additional 46,629 shares during the quarter. Quantinno Capital Management LP owned approximately 0.15% of Hudson Pacific Properties worth $980,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Anthracite Investment Company Inc. purchased a new position in Hudson Pacific Properties in the third quarter valued at approximately $1,320,000. Wolverine Asset Management LLC raised its stake in shares of Hudson Pacific Properties by 42.3% in the third quarter. Wolverine Asset Management LLC now owns 576,373 shares of the real estate investment trust’s stock valued at $2,755,000 after buying an additional 171,424 shares during the period. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Hudson Pacific Properties during the 3rd quarter valued at $1,332,000. Millennium Management LLC grew its stake in shares of Hudson Pacific Properties by 282.7% during the 2nd quarter. Millennium Management LLC now owns 1,786,692 shares of the real estate investment trust’s stock worth $8,594,000 after acquiring an additional 1,319,869 shares during the period. Finally, Scion Asset Management LLC purchased a new stake in Hudson Pacific Properties in the 2nd quarter worth about $5,505,000. 97.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on HPP. Bank of America dropped their price objective on shares of Hudson Pacific Properties from $4.50 to $4.00 and set an “underperform” rating on the stock in a report on Thursday, August 22nd. Scotiabank reduced their price objective on shares of Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating for the company in a research note on Monday, August 26th. Wells Fargo & Company lowered their target price on shares of Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating on the stock in a report on Wednesday, September 11th. Piper Sandler reduced their price target on Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating for the company in a research report on Friday, November 15th. Finally, Jefferies Financial Group cut Hudson Pacific Properties from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $5.50 to $5.00 in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $6.17.

Hudson Pacific Properties Stock Performance

NYSE:HPP opened at $3.28 on Friday. Hudson Pacific Properties, Inc. has a twelve month low of $3.01 and a twelve month high of $9.85. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. The stock has a market cap of $463.23 million, a P/E ratio of -1.57 and a beta of 1.27. The business’s 50-day moving average price is $4.06 and its two-hundred day moving average price is $4.69.

Insider Activity at Hudson Pacific Properties

In related news, COO Andy Wattula sold 9,356 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $5.28, for a total value of $49,399.68. Following the transaction, the chief operating officer now owns 61,068 shares of the company’s stock, valued at $322,439.04. This represents a 13.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Victor J. Coleman purchased 50,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were purchased at an average cost of $3.53 per share, with a total value of $176,500.00. Following the purchase, the chief executive officer now owns 437,451 shares of the company’s stock, valued at approximately $1,544,202.03. The trade was a 12.90 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.95% of the stock is currently owned by insiders.

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.