Asset Management One Co. Ltd. Purchases 18,279 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP)

Asset Management One Co. Ltd. increased its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 9.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 206,656 shares of the real estate investment trust’s stock after acquiring an additional 18,279 shares during the period. Asset Management One Co. Ltd. owned about 0.15% of Hudson Pacific Properties worth $614,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp grew its position in Hudson Pacific Properties by 9.9% during the 3rd quarter. Van ECK Associates Corp now owns 26,718 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 2,399 shares during the last quarter. abrdn plc grew its position in Hudson Pacific Properties by 10.5% during the 3rd quarter. abrdn plc now owns 28,406 shares of the real estate investment trust’s stock worth $136,000 after acquiring an additional 2,710 shares during the last quarter. Amalgamated Bank grew its position in Hudson Pacific Properties by 10.0% during the 3rd quarter. Amalgamated Bank now owns 41,738 shares of the real estate investment trust’s stock worth $200,000 after acquiring an additional 3,802 shares during the last quarter. Louisiana State Employees Retirement System grew its position in Hudson Pacific Properties by 6.9% during the 3rd quarter. Louisiana State Employees Retirement System now owns 68,200 shares of the real estate investment trust’s stock worth $326,000 after acquiring an additional 4,400 shares during the last quarter. Finally, Blue Trust Inc. grew its position 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 buying an additional 5,013 shares during the last quarter. Institutional investors own 97.58% of the company’s stock.

Insider Buying and Selling

In other news, CEO Victor J. Coleman purchased 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, with a total value of $143,500.00. Following the purchase, the chief executive officer now owns 487,451 shares in the company, valued at $1,398,984.37. This represents a 11.43 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.95% of the stock is owned by company insiders.

Hudson Pacific Properties Stock Up 0.8 %

Shares of Hudson Pacific Properties stock opened at $3.12 on Friday. Hudson Pacific Properties, Inc. has a one year low of $2.39 and a one year high of $7.20. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26. The stock’s 50-day moving average is $2.98 and its 200 day moving average is $3.97. The firm has a market cap of $439.93 million, a price-to-earnings ratio of -1.49 and a beta of 1.30.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Hudson Pacific Properties had a negative return on equity of 9.64% and a negative net margin of 33.39%. Equities research analysts anticipate that Hudson Pacific Properties, Inc. will post 0.51 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on HPP shares. Piper Sandler reduced 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. Scotiabank reduced their price target on Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research report on Tuesday. Mizuho reduced their price target on 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 Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $4.54.

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.