Hudson Pacific Properties, Inc. (NYSE:HPP) Stock Holdings Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 17.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 664,598 shares of the real estate investment trust’s stock after selling 137,685 shares during the period. Principal Financial Group Inc. owned about 0.47% of Hudson Pacific Properties worth $3,177,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of HPP. Bank of New York Mellon Corp boosted its holdings in shares of Hudson Pacific Properties by 3.5% in 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 buying an additional 43,728 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Hudson Pacific Properties by 37.3% during the second quarter. Victory Capital Management Inc. now owns 110,566 shares of the real estate investment trust’s stock valued at $532,000 after purchasing an additional 30,058 shares during the last quarter. Davis Selected Advisers raised its position 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 worth $5,890,000 after purchasing an additional 536,540 shares during the period. Texas Permanent School Fund Corp raised its position in shares of Hudson Pacific Properties by 28.8% during the 2nd quarter. Texas Permanent School Fund Corp now owns 142,802 shares of the real estate investment trust’s stock worth $687,000 after purchasing an additional 31,939 shares during the period. Finally, B&I Capital AG lifted its holdings in shares of Hudson Pacific Properties by 23.4% in 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. Institutional investors own 97.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HPP shares. Wells Fargo & Company lowered their price objective on Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating for the company in a research note on Wednesday, September 11th. Jefferies Financial Group lowered their price target on shares of Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating for the company in a research report on Thursday. Finally, Piper Sandler cut their price objective on shares of Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, Hudson Pacific Properties currently has a consensus rating of “Hold” and an average price target of $5.29.

Insider Activity at Hudson Pacific Properties

In other Hudson Pacific Properties news, CEO Victor J. Coleman bought 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average cost of $2.87 per share, for a total transaction of $143,500.00. Following the acquisition, the chief executive officer now directly owns 487,451 shares of the company’s stock, valued at $1,398,984.37. This trade represents a 11.43 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.95% of the company’s stock.

Hudson Pacific Properties Stock Up 1.4 %

Hudson Pacific Properties stock opened at $2.90 on Friday. The company’s 50-day moving average price is $3.57 and its two-hundred day moving average price is $4.50. The stock has a market cap of $409.57 million, a price-to-earnings ratio of -1.39 and a beta of 1.27. Hudson Pacific Properties, Inc. has a 52 week low of $2.39 and a 52 week high of $9.84. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47.

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.