BNP Paribas Financial Markets Sells 22,923 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP)

BNP Paribas Financial Markets trimmed its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 38.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,334 shares of the real estate investment trust’s stock after selling 22,923 shares during the period. BNP Paribas Financial Markets’ holdings in Hudson Pacific Properties were worth $174,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Daiwa Securities Group Inc. raised its position in shares of Hudson Pacific Properties by 16.8% during the third quarter. Daiwa Securities Group Inc. now owns 46,527 shares of the real estate investment trust’s stock valued at $222,000 after buying an additional 6,704 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Hudson Pacific Properties by 13.8% during the third 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 acquiring an additional 630,932 shares in the last quarter. Intech Investment Management LLC increased its holdings in Hudson Pacific Properties by 88.1% in the 3rd quarter. Intech Investment Management LLC now owns 90,267 shares of the real estate investment trust’s stock valued at $431,000 after acquiring an additional 42,276 shares during the last quarter. Anthracite Investment Company Inc. bought a new position in shares of Hudson Pacific Properties during the 3rd quarter valued at about $1,320,000. Finally, Thrivent Financial for Lutherans grew its position in shares of Hudson Pacific Properties by 5.2% during the third quarter. Thrivent Financial for Lutherans now owns 110,760 shares of the real estate investment trust’s stock valued at $529,000 after purchasing an additional 5,448 shares in the last quarter. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Stock Down 1.6 %

Shares of NYSE HPP opened at $3.13 on Wednesday. Hudson Pacific Properties, Inc. has a 1 year low of $3.01 and a 1 year high of $9.85. The firm has a 50-day simple moving average of $4.03 and a two-hundred day simple moving average of $4.68. The company has a market cap of $442.06 million, a P/E ratio of -1.50 and a beta of 1.27. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HPP shares. Scotiabank decreased their target price on 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 downgraded Hudson Pacific Properties from a “buy” rating to a “hold” rating and lowered their target price for the company from $5.50 to $5.00 in a research report on Tuesday, November 12th. Bank of America reduced their price target on shares of Hudson Pacific Properties from $4.50 to $4.00 and set an “underperform” rating on the stock in a research report on Thursday, August 22nd. Piper Sandler lowered their price objective on shares of 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. Finally, Wells Fargo & Company reduced their target price on shares of Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating on the stock in a report on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.17.

Insider Buying and Selling

In other news, CEO Victor J. Coleman purchased 50,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were acquired at an average price of $3.53 per share, with a total value of $176,500.00. Following the transaction, the chief executive officer now owns 437,451 shares of the company’s stock, valued at $1,544,202.03. This represents a 12.90 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Andy Wattula sold 9,356 shares of Hudson Pacific Properties 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 of the company’s stock, valued at $322,439.04. The trade was a 13.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.95% of the stock is owned by corporate insiders.

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.