Geode Capital Management LLC Boosts Stock Holdings in Hudson Pacific Properties, Inc. (NYSE:HPP)

Geode Capital Management LLC lifted its stake in Hudson Pacific Properties, Inc. (NYSE:HPP) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,426,417 shares of the real estate investment trust’s stock after buying an additional 154,101 shares during the period. Geode Capital Management LLC owned approximately 2.43% of Hudson Pacific Properties worth $16,381,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Anthracite Investment Company Inc. bought a new stake in shares of Hudson Pacific Properties in the third quarter worth about $1,320,000. Wolverine Asset Management LLC lifted its holdings in Hudson Pacific Properties by 42.3% in the 3rd quarter. Wolverine Asset Management LLC now owns 576,373 shares of the real estate investment trust’s stock worth $2,755,000 after buying an additional 171,424 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Hudson Pacific Properties in the 3rd quarter worth approximately $1,332,000. Millennium Management LLC boosted its holdings 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 valued at $8,594,000 after acquiring an additional 1,319,869 shares in the last quarter. Finally, Scion Asset Management LLC purchased a new position in Hudson Pacific Properties during the 2nd quarter valued at $5,505,000. 97.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Hudson Pacific Properties news, CEO Victor J. Coleman bought 50,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were acquired at an average cost of $3.53 per share, for a total transaction of $176,500.00. Following the purchase, the chief executive officer now owns 437,451 shares in the company, valued at approximately $1,544,202.03. This trade represents a 12.90 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.95% of the stock is currently owned by company insiders.

Hudson Pacific Properties Trading Down 2.0 %

NYSE HPP opened at $2.97 on Monday. Hudson Pacific Properties, Inc. has a 12 month low of $2.39 and a 12 month high of $9.85. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47. The stock’s fifty day moving average price is $3.73 and its 200-day moving average price is $4.57. The stock has a market cap of $419.46 million, a P/E ratio of -1.42 and a beta of 1.27.

Analysts Set New Price Targets

HPP has been the topic of a number of research reports. Jefferies Financial Group lowered shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating and cut their target price for the company from $5.50 to $5.00 in a research note on Tuesday, November 12th. Piper Sandler lowered their price objective 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. Finally, Wells Fargo & Company dropped 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 and eight have given a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.49.

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.