Nisa Investment Advisors LLC Sells 121,826 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP)

Nisa Investment Advisors LLC lowered its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 75.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,797 shares of the real estate investment trust’s stock after selling 121,826 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Hudson Pacific Properties were worth $118,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HPP. Charles Schwab Investment Management Inc. boosted its holdings in shares of Hudson Pacific Properties by 13.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,209,577 shares of the real estate investment trust’s stock worth $24,902,000 after buying an additional 630,932 shares during the period. Geode Capital Management LLC boosted its holdings in Hudson Pacific Properties by 4.7% during the third quarter. Geode Capital Management LLC now owns 3,426,417 shares of the real estate investment trust’s stock valued at $16,381,000 after acquiring an additional 154,101 shares during the period. Millennium Management LLC grew its position in shares of 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 purchasing an additional 1,319,869 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Hudson Pacific Properties by 450.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,066,056 shares of the real estate investment trust’s stock worth $5,096,000 after purchasing an additional 872,538 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of Hudson Pacific Properties by 15.8% during the 2nd quarter. AQR Capital Management LLC now owns 979,442 shares of the real estate investment trust’s stock worth $4,633,000 after purchasing an additional 133,629 shares during the last quarter. Institutional investors and hedge funds own 97.58% of the company’s stock.

Hudson Pacific Properties Price Performance

Shares of Hudson Pacific Properties stock opened at $3.10 on Friday. The firm has a market cap of $437.11 million, a P/E ratio of -1.48 and a beta of 1.30. The firm’s 50-day simple moving average is $3.15 and its 200-day simple moving average is $4.24. Hudson Pacific Properties, Inc. has a twelve month low of $2.39 and a twelve month high of $8.71. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26.

Insiders Place Their Bets

In related news, CEO Victor J. Coleman acquired 50,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was purchased at an average cost of $3.53 per share, for a total transaction of $176,500.00. Following the completion of the purchase, the chief executive officer now directly owns 437,451 shares of the company’s stock, valued at $1,544,202.03. The trade was a 12.90 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on HPP shares. Piper Sandler dropped their price target on 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. Mizuho dropped their target price 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. Finally, Jefferies Financial Group reduced 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 report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat, Hudson Pacific Properties currently has an average rating of “Hold” and an average price target of $5.08.

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.