Hudson Pacific Properties, Inc. (NYSE:HPP) Position Increased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its position in Hudson Pacific Properties, Inc. (NYSE:HPP) by 16.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,527 shares of the real estate investment trust’s stock after purchasing an additional 6,704 shares during the period. Daiwa Securities Group Inc.’s holdings in Hudson Pacific Properties were worth $222,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake 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 valued at $24,902,000 after buying an additional 630,932 shares in the last quarter. Millennium Management LLC grew its position in Hudson Pacific Properties by 282.7% in the second quarter. Millennium Management LLC now owns 1,786,692 shares of the real estate investment trust’s stock worth $8,594,000 after acquiring an additional 1,319,869 shares in the last quarter. B&I Capital AG increased its stake in shares of Hudson Pacific Properties by 23.4% during the 2nd quarter. B&I Capital AG now owns 1,699,283 shares of the real estate investment trust’s stock worth $8,174,000 after purchasing an additional 322,033 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Hudson Pacific Properties by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,290,803 shares of the real estate investment trust’s stock valued at $6,209,000 after purchasing an additional 43,728 shares in the last quarter. Finally, Davis Selected Advisers raised its holdings in shares of Hudson Pacific Properties by 78.0% during the 2nd quarter. Davis Selected Advisers now owns 1,224,493 shares of the real estate investment trust’s stock valued at $5,890,000 after purchasing an additional 536,540 shares in the last quarter. 97.58% of the stock is owned by institutional investors and hedge funds.

Hudson Pacific Properties Stock Performance

NYSE HPP opened at $3.85 on Monday. The company’s fifty day moving average is $4.30 and its two-hundred day moving average is $4.80. The firm has a market capitalization of $543.74 million, a price-to-earnings ratio of -1.84 and a beta of 1.31. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26. Hudson Pacific Properties, Inc. has a 52-week low of $3.01 and a 52-week high of $9.85.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Scotiabank lowered their target price on shares of Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research report on Monday, August 26th. Jefferies Financial Group lowered Hudson Pacific Properties from a “buy” rating to a “hold” rating and lowered their price objective for the company from $5.50 to $5.00 in a report on Tuesday, November 12th. Piper Sandler decreased their target price on Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating for the company in a research report on Friday, November 15th. BMO Capital Markets downgraded Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $8.00 to $6.00 in a report on Thursday, August 8th. Finally, Bank of America reduced 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 note on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hudson Pacific Properties has an average rating of “Hold” and a consensus target price of $6.17.

Insider Buying and Selling

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 transaction of $49,399.68. Following the completion of the transaction, the chief operating officer now directly owns 61,068 shares of the company’s stock, valued at approximately $322,439.04. This trade represents a 13.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Victor J. Coleman purchased 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were acquired at an average price of $3.53 per share, for a total transaction of $176,500.00. Following the completion of the transaction, the chief executive officer now owns 437,451 shares in the company, valued at $1,544,202.03. The trade was a 12.90 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.95% of the stock is owned by company insiders.

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.