Barclays PLC Acquires 133,673 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP)

Barclays PLC increased its holdings in Hudson Pacific Properties, Inc. (NYSE:HPP) by 120.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 244,222 shares of the real estate investment trust’s stock after buying an additional 133,673 shares during the period. Barclays PLC owned about 0.17% of Hudson Pacific Properties worth $1,168,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of HPP. Blue Trust Inc. increased its holdings in shares of Hudson Pacific Properties by 549.1% in the 3rd quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 5,013 shares during the period. Venturi Wealth Management LLC purchased a new position in Hudson Pacific Properties in the third quarter valued at about $44,000. Stifel Financial Corp bought a new position in Hudson Pacific Properties in the third quarter worth about $48,000. MQS Management LLC bought a new position in Hudson Pacific Properties in the third quarter worth about $58,000. Finally, Metis Global Partners LLC purchased a new stake in shares of Hudson Pacific Properties during the third quarter valued at about $66,000. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Stock Down 3.8 %

Shares of HPP stock opened at $2.51 on Tuesday. Hudson Pacific Properties, Inc. has a fifty-two week low of $2.39 and a fifty-two week high of $9.25. The firm has a market capitalization of $354.49 million, a PE ratio of -1.20 and a beta of 1.30. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. The stock’s 50-day simple moving average is $3.41 and its 200-day simple moving average is $4.42.

Insider Buying and Selling

In related news, CEO Victor J. Coleman bought 50,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were purchased at an average cost of $3.53 per share, with a total value of $176,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 437,451 shares in the company, valued at approximately $1,544,202.03. The trade was a 12.90 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.95% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HPP has been the topic of a number of analyst reports. Mizuho cut their price objective on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Piper Sandler cut their price target on shares of Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating on the stock in a report on Friday, November 15th. Finally, Jefferies Financial Group decreased their price objective on Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating for the company in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.08.

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.