159,500 Shares in Hudson Pacific Properties, Inc. (NYSE:HPP) Purchased by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd purchased a new position in Hudson Pacific Properties, Inc. (NYSE:HPP) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 159,500 shares of the real estate investment trust’s stock, valued at approximately $483,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Anthracite Investment Company Inc. bought a new stake in shares of Hudson Pacific Properties in the 3rd quarter worth approximately $1,320,000. Green Alpha Advisors LLC increased its holdings in shares of Hudson Pacific Properties by 77.7% in the fourth quarter. Green Alpha Advisors LLC now owns 521,592 shares of the real estate investment trust’s stock valued at $1,580,000 after buying an additional 228,079 shares in the last quarter. Stifel Financial Corp acquired a new stake in shares of Hudson Pacific Properties during the 3rd quarter valued at $48,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Hudson Pacific Properties by 450.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,066,056 shares of the real estate investment trust’s stock valued at $5,096,000 after acquiring an additional 872,538 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Hudson Pacific Properties in the 4th quarter worth $436,000. 97.58% of the stock is owned by institutional investors and hedge funds.

Hudson Pacific Properties Price Performance

HPP opened at $2.75 on Friday. The stock has a fifty day moving average price of $2.99 and a 200 day moving average price of $3.74. 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, Inc. has a 1 year low of $2.39 and a 1 year high of $6.82. The stock has a market cap of $388.01 million, a price-to-earnings ratio of -1.07 and a beta of 1.31.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The business 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%. Analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HPP has been the subject of several analyst reports. Jefferies Financial Group reduced their target price on Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating for the company in a report on Thursday, January 2nd. Piper Sandler decreased their target price on shares of Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating for the company in a report on Monday, February 24th. Wells Fargo & Company upgraded shares of Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 price target on the stock in a report on Monday, March 10th. Mizuho decreased their price objective on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group cut their target price on shares of Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Hudson Pacific Properties presently has a consensus rating of “Hold” and a consensus price target of $4.26.

Insider Transactions at Hudson Pacific Properties

In other Hudson Pacific Properties news, CEO Victor J. Coleman bought 50,000 shares of the stock in a transaction on Wednesday, December 18th. The shares were purchased at an average cost of $2.87 per share, with a total value of $143,500.00. Following the completion of the transaction, the chief executive officer now directly owns 487,451 shares of the company’s stock, valued at $1,398,984.37. This represents a 11.43 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.95% of the stock is currently owned by company insiders.

Hudson Pacific Properties Company Profile

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.