Winslow Asset Management Inc. Cuts Holdings in Hudson Pacific Properties, Inc. (NYSE:HPP)

Winslow Asset Management Inc. trimmed its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 15.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 42,345 shares of the real estate investment trust’s stock after selling 7,665 shares during the period. Winslow Asset Management Inc.’s holdings in Hudson Pacific Properties were worth $128,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of HPP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 worth $5,096,000 after buying an additional 872,538 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of Hudson Pacific Properties by 1,822.5% during the 3rd quarter. GSA Capital Partners LLP now owns 760,086 shares of the real estate investment trust’s stock worth $3,633,000 after buying an additional 720,549 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Hudson Pacific Properties by 13.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,209,577 shares of the real estate investment trust’s stock worth $24,902,000 after acquiring an additional 630,932 shares during the period. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Hudson Pacific Properties in the 3rd quarter worth approximately $1,332,000. Finally, Anthracite Investment Company Inc. acquired a new stake in shares of Hudson Pacific Properties in the 3rd quarter worth approximately $1,320,000. 97.58% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hudson Pacific Properties

In other Hudson Pacific Properties news, CEO Victor J. Coleman acquired 50,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average price of $2.87 per share, for a total transaction of $143,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 487,451 shares of the company’s stock, valued at $1,398,984.37. This trade represents a 11.43 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.95% of the company’s stock.

Hudson Pacific Properties Price Performance

Shares of NYSE:HPP opened at $3.29 on Monday. The business’s fifty day moving average price is $3.00 and its two-hundred day moving average price is $3.89. The stock has a market cap of $465.05 million, a PE ratio of -1.28 and a beta of 1.30. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. Hudson Pacific Properties, Inc. has a one year low of $2.39 and a one year high of $7.20.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Scotiabank lowered their price target on Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 18th. Piper Sandler lowered their price target on Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating on the stock in a report on Monday, February 24th. Jefferies Financial Group lowered their price target on Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Mizuho lowered their price target on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group lowered their price target on Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $4.31.

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.