Helix Partners Management LP Makes New $579,000 Investment in Hudson Pacific Properties, Inc. (NYSE:HPP)

Helix Partners Management LP acquired a new stake in Hudson Pacific Properties, Inc. (NYSE:HPP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 191,105 shares of the real estate investment trust’s stock, valued at approximately $579,000. Hudson Pacific Properties comprises 0.1% of Helix Partners Management LP’s portfolio, making the stock its 14th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Green Alpha Advisors LLC boosted its holdings in 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 purchasing an additional 228,079 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of Hudson Pacific Properties in the 3rd quarter valued at $48,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Hudson Pacific Properties by 450.9% in 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 buying an additional 872,538 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Hudson Pacific Properties during the 4th quarter worth $436,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Hudson Pacific Properties by 13.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,209,577 shares of the real estate investment trust’s stock valued at $24,902,000 after acquiring an additional 630,932 shares during the last quarter. Institutional investors and hedge funds own 97.58% of the company’s stock.

Hudson Pacific Properties Stock Up 5.1 %

Shares of Hudson Pacific Properties stock opened at $3.07 on Thursday. Hudson Pacific Properties, Inc. has a one year low of $2.39 and a one year high of $6.69. The company has a market cap of $433.95 million, a P/E ratio of -1.19 and a beta of 1.31. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a fifty day moving average of $3.02 and a two-hundred day moving average of $3.55.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. The firm had revenue of $209.67 million during the quarter, compared to analysts’ expectations of $207.95 million. On average, analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HPP shares. Piper Sandler cut their target price on Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating on the stock in a research report on Monday, February 24th. The Goldman Sachs Group cut their price target on Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Morgan Stanley decreased their price objective on Hudson Pacific Properties from $2.40 to $2.25 and set an “underweight” rating for the company in a report on Tuesday, March 18th. Wells Fargo & Company raised shares of Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 target price on the stock in a report on Monday, March 10th. Finally, Scotiabank decreased their price target on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Hudson Pacific Properties presently has a consensus rating of “Hold” and an average price target of $3.43.

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.