Inspire Investing LLC Has $357,000 Stake in Hudson Pacific Properties, Inc. (NYSE:HPP)

Inspire Investing LLC boosted its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 33.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,175 shares of the real estate investment trust’s stock after acquiring an additional 18,624 shares during the quarter. Inspire Investing LLC owned 0.05% of Hudson Pacific Properties worth $357,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System lifted its holdings in Hudson Pacific Properties by 225.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 168,807 shares of the real estate investment trust’s stock valued at $1,123,000 after purchasing an additional 116,945 shares during the last quarter. GRS Advisors LLC acquired a new position in shares of Hudson Pacific Properties in the 4th quarter worth approximately $18,489,000. GSA Capital Partners LLP grew its position in Hudson Pacific Properties by 167.2% during the 1st quarter. GSA Capital Partners LLP now owns 302,179 shares of the real estate investment trust’s stock worth $1,949,000 after acquiring an additional 189,104 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Hudson Pacific Properties by 405.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 309,272 shares of the real estate investment trust’s stock valued at $1,995,000 after purchasing an additional 248,117 shares in the last quarter. Finally, Jennison Associates LLC raised its position in Hudson Pacific Properties by 17.0% in the 1st quarter. Jennison Associates LLC now owns 141,425 shares of the real estate investment trust’s stock valued at $912,000 after purchasing an additional 20,589 shares during the last quarter. Institutional investors and hedge funds own 97.58% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jonathan M. Glaser sold 9,287 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $5.20, for a total value of $48,292.40. Following the completion of the sale, the director now owns 3,713 shares in the company, valued at approximately $19,307.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.95% of the company’s stock.

Hudson Pacific Properties Stock Down 3.4 %

Shares of Hudson Pacific Properties stock opened at $5.11 on Friday. Hudson Pacific Properties, Inc. has a 12 month low of $4.26 and a 12 month high of $9.85. The business has a fifty day simple moving average of $5.20 and a 200 day simple moving average of $5.43. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.41. The stock has a market cap of $721.25 million, a PE ratio of -3.19, a price-to-earnings-growth ratio of 0.84 and a beta of 1.31.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.50). Hudson Pacific Properties had a negative net margin of 25.42% and a negative return on equity of 7.41%. The company had revenue of $218.00 million during the quarter, compared to the consensus estimate of $216.08 million. During the same period last year, the company earned $0.24 earnings per share. The business’s revenue was down 11.1% compared to the same quarter last year. Research analysts predict that Hudson Pacific Properties, Inc. will post 0.62 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Scotiabank lowered their target price on 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. Morgan Stanley cut shares of Hudson Pacific Properties from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $6.00 to $4.25 in a research report on Wednesday, July 10th. Piper Sandler lowered shares of Hudson Pacific Properties from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $7.00 to $6.00 in a research report on Thursday, August 8th. Wells Fargo & Company decreased their price target on shares of Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating on the stock in a research note on Wednesday, September 11th. Finally, Bank of America dropped their price objective on shares of Hudson Pacific Properties from $4.50 to $4.00 and set an “underperform” rating for the company in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.95.

Hudson Pacific Properties 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.