Hudson Pacific Properties, Inc. (NYSE:HPP) Stock Holdings Raised by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in Hudson Pacific Properties, Inc. (NYSE:HPP) by 37.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 110,566 shares of the real estate investment trust’s stock after purchasing an additional 30,058 shares during the period. Victory Capital Management Inc. owned 0.08% of Hudson Pacific Properties worth $532,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Texas Permanent School Fund Corp grew its position in shares of Hudson Pacific Properties by 2.0% during the 1st quarter. Texas Permanent School Fund Corp now owns 110,863 shares of the real estate investment trust’s stock valued at $715,000 after buying an additional 2,164 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of Hudson Pacific Properties by 8.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 41,396 shares of the real estate investment trust’s stock valued at $267,000 after buying an additional 3,081 shares during the last quarter. Scotia Capital Inc. grew its position in shares of Hudson Pacific Properties by 4.3% during the 4th quarter. Scotia Capital Inc. now owns 94,739 shares of the real estate investment trust’s stock valued at $882,000 after buying an additional 3,903 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Hudson Pacific Properties by 7.0% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 73,685 shares of the real estate investment trust’s stock valued at $468,000 after buying an additional 4,851 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Hudson Pacific Properties by 62.4% during the 1st quarter. GAMMA Investing LLC now owns 17,864 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 6,862 shares during the last quarter. Institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Trading Down 3.4 %

Shares of NYSE:HPP opened at $5.11 on Monday. The company has a 50 day moving average of $5.20 and a 200-day moving average of $5.42. The firm has a market cap of $721.25 million, a P/E ratio of -3.19, a P/E/G ratio of 0.84 and a beta of 1.31. Hudson Pacific Properties, Inc. has a twelve month low of $4.26 and a twelve month high of $9.85. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.41.

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

Insider Transactions at Hudson Pacific Properties

In related news, Director Jonathan M. Glaser sold 9,287 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 3,713 shares in the company, valued at approximately $19,307.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HPP. Wells Fargo & Company lowered their price objective on shares of Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating for the company in a research report on Wednesday, September 11th. Bank of America lowered 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. Scotiabank lowered 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 report on Monday, August 26th. Piper Sandler lowered shares of Hudson Pacific Properties from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $7.00 to $6.00 in a research note on Thursday, August 8th. Finally, Wolfe Research lowered shares of Hudson Pacific Properties from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $6.95.

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.