Charles Schwab Investment Management Inc. Has $17.18 Million Stock Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

Charles Schwab Investment Management Inc. raised its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,668,360 shares of the real estate investment trust’s stock after acquiring an additional 458,783 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 4.01% of Hudson Pacific Properties worth $17,175,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HPP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Hudson Pacific Properties by 450.9% in the 3rd 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 last quarter. Y Intercept Hong Kong Ltd raised its position in Hudson Pacific Properties by 197.5% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 368,175 shares of the real estate investment trust’s stock worth $1,116,000 after purchasing an additional 244,410 shares in the last quarter. Green Alpha Advisors LLC boosted its stake in Hudson Pacific Properties by 77.7% in the 4th quarter. Green Alpha Advisors LLC now owns 521,592 shares of the real estate investment trust’s stock valued at $1,580,000 after buying an additional 228,079 shares in the last quarter. Fourthstone LLC bought a new position in Hudson Pacific Properties during the 3rd quarter valued at about $1,049,000. Finally, Presima Securities ULC boosted its holdings in shares of Hudson Pacific Properties by 8.0% in the 4th quarter. Presima Securities ULC now owns 2,504,983 shares of the real estate investment trust’s stock worth $7,590,000 after acquiring an additional 185,699 shares in the last quarter. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their target price on shares of Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Mizuho lowered their price objective on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Jefferies Financial Group began coverage on shares of Hudson Pacific Properties in a research note on Monday. They issued a “hold” rating and a $2.70 target price for the company. Piper Sandler lowered their price target on shares of Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Finally, Morgan Stanley lowered their target price on shares of Hudson Pacific Properties from $2.40 to $2.25 and set an “underweight” rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $3.54.

Hudson Pacific Properties Stock Performance

Shares of NYSE HPP opened at $3.01 on Friday. 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 firm has a market cap of $424.77 million, a price-to-earnings ratio of -1.17 and a beta of 1.31. Hudson Pacific Properties, Inc. has a one year low of $2.39 and a one year high of $6.82. The stock’s fifty day moving average price is $3.01 and its two-hundred day moving average price is $3.69.

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 for the quarter, topping the consensus estimate 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 business had revenue of $209.67 million during the quarter, compared to analysts’ expectations of $207.95 million. On average, equities analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current year.

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.