Marshall Wace LLP Boosts Holdings in Hudson Pacific Properties, Inc. (NYSE:HPP)

Marshall Wace LLP boosted its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 1,132.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 363,048 shares of the real estate investment trust’s stock after buying an additional 333,594 shares during the quarter. Marshall Wace LLP owned approximately 0.26% of Hudson Pacific Properties worth $1,746,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Texas Permanent School Fund Corp raised its stake in shares of Hudson Pacific Properties by 2.0% in the first quarter. Texas Permanent School Fund Corp now owns 110,863 shares of the real estate investment trust’s stock worth $715,000 after buying an additional 2,164 shares during the period. Daiwa Securities Group Inc. raised its stake in 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 worth $267,000 after acquiring an additional 3,081 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Hudson Pacific Properties by 7.0% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 73,685 shares of the real estate investment trust’s stock valued at $468,000 after purchasing an additional 4,851 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Hudson Pacific Properties by 62.4% in the first quarter. GAMMA Investing LLC now owns 17,864 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 6,862 shares during the period. Finally, New York State Teachers Retirement System boosted its position in shares of Hudson Pacific Properties by 8.8% in the first quarter. New York State Teachers Retirement System now owns 106,308 shares of the real estate investment trust’s stock worth $686,000 after purchasing an additional 8,630 shares during the period. 97.58% of the stock is owned by hedge funds and other institutional investors.

Hudson Pacific Properties Stock Down 0.2 %

NYSE HPP opened at $4.68 on Friday. The stock has a 50 day moving average price of $5.06 and a 200-day moving average price of $5.30. Hudson Pacific Properties, Inc. has a one year low of $4.26 and a one year high of $9.85. The company has a market capitalization of $660.56 million, a P/E ratio of -2.93, a P/E/G ratio of 0.88 and a beta of 1.31. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.47 and a current ratio of 1.47.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings data 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 return on equity of 7.41% and a negative net margin of 25.42%. The business had revenue of $218.00 million during the quarter, compared to analysts’ expectations of $216.08 million. During the same period in the previous year, the business earned $0.24 earnings per share. The business’s quarterly revenue was down 11.1% on a year-over-year basis. As a group, equities analysts predict that Hudson Pacific Properties, Inc. will post 0.62 EPS for the current fiscal year.

Insider Activity

In other news, COO Andy Wattula sold 9,356 shares of Hudson Pacific Properties stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $5.28, for a total value of $49,399.68. Following the completion of the transaction, the chief operating officer now owns 61,068 shares in the company, valued at approximately $322,439.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Andy Wattula sold 9,356 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $5.28, for a total value of $49,399.68. Following the completion of the sale, the chief operating officer now owns 61,068 shares in the company, valued at approximately $322,439.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan M. Glaser sold 9,287 shares of Hudson Pacific Properties stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $5.20, for a total transaction of $48,292.40. Following the transaction, the director now directly owns 3,713 shares of the company’s stock, valued at approximately $19,307.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating on the stock in a research report on Wednesday, September 11th. The Goldman Sachs Group lowered their price objective on Hudson Pacific Properties from $6.50 to $4.70 and set a “neutral” rating on the stock in a research report on Wednesday, August 14th. Bank of America cut their target price on 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. Wolfe Research cut Hudson Pacific Properties from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 14th. Finally, Piper Sandler downgraded Hudson Pacific Properties from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $7.00 to $6.00 in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $6.95.

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.