Rhumbline Advisers Has $739,000 Stake in Hudson Pacific Properties, Inc. (NYSE:HPP)

Rhumbline Advisers trimmed its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 46.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 243,753 shares of the real estate investment trust’s stock after selling 209,694 shares during the period. Rhumbline Advisers owned 0.17% of Hudson Pacific Properties worth $739,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Asset Management One Co. Ltd. raised its position in shares of Hudson Pacific Properties by 9.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 206,656 shares of the real estate investment trust’s stock valued at $614,000 after acquiring an additional 18,279 shares during the last quarter. Opinicus Capital Inc. acquired a new stake in shares of Hudson Pacific Properties during the fourth quarter worth $32,000. Union Bancaire Privee UBP SA bought a new stake in Hudson Pacific Properties in the fourth quarter valued at about $436,000. Presima Securities ULC increased its holdings in Hudson Pacific Properties by 8.0% in the fourth quarter. Presima Securities ULC now owns 2,504,983 shares of the real estate investment trust’s stock valued at $7,590,000 after purchasing an additional 185,699 shares during the last quarter. Finally, Key Client Fiduciary Advisors LLC lifted its stake in Hudson Pacific Properties by 150.0% in the fourth quarter. Key Client Fiduciary Advisors LLC now owns 30,000 shares of the real estate investment trust’s stock valued at $91,000 after buying an additional 18,000 shares during the period. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hudson Pacific Properties

In related news, CEO Victor J. Coleman acquired 50,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was bought at an average price of $2.87 per share, with a total value of $143,500.00. Following the acquisition, 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.95% of the company’s stock.

Analyst Upgrades and Downgrades

HPP has been the subject of a number of recent analyst reports. Mizuho lowered their price target on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Scotiabank decreased their price objective on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating for the company in a report on Tuesday, February 18th. Jefferies Financial Group cut their target price on shares of Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. The Goldman Sachs Group decreased their price target on shares of Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Finally, Piper Sandler lowered their price objective on shares of Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating for the company in a research report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $4.31.

Hudson Pacific Properties Stock Down 5.8 %

Shares of Hudson Pacific Properties stock opened at $3.02 on Friday. The firm has a market cap of $426.18 million, a PE ratio of -1.17 and a beta of 1.30. The business’s 50 day simple moving average is $3.01 and its 200 day simple moving average is $3.86. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. Hudson Pacific Properties, Inc. has a 52-week low of $2.39 and a 52-week high of $7.20.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. The company had revenue of $209.67 million for the quarter, compared to the consensus estimate of $207.95 million. On average, analysts predict that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal year.

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.