Stock Traders Purchase High Volume of Call Options on Hudson Pacific Properties (NYSE:HPP)

Hudson Pacific Properties, Inc. (NYSE:HPP) was the target of unusually large options trading on Friday. Traders bought 2,404 call options on the company. This is an increase of approximately 50% compared to the typical volume of 1,600 call options.

Analysts Set New Price Targets

Several research firms have recently weighed in on HPP. Mizuho decreased 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. Piper Sandler lowered their target price 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. Morgan Stanley reduced their price target on shares of Hudson Pacific Properties from $2.40 to $2.25 and set an “underweight” rating for the company in a research note on Tuesday, March 18th. Scotiabank lowered their price objective on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company upgraded shares of Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 target price on the stock in a report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $3.43.

Hudson Pacific Properties Stock Down 1.2 %

HPP opened at $2.98 on Friday. Hudson Pacific Properties has a 1-year low of $2.39 and a 1-year high of $6.69. The firm’s 50 day simple moving average is $3.02 and its two-hundred day simple moving average is $3.59. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $420.53 million, a PE ratio of -1.16 and a beta of 1.31.

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

Institutional Investors Weigh In On Hudson Pacific Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GeoWealth Management LLC bought a new stake in Hudson Pacific Properties during the fourth quarter valued at about $27,000. Xponance Inc. purchased a new stake in shares of Hudson Pacific Properties during the fourth quarter worth about $30,000. Stifel Financial Corp bought a new stake in Hudson Pacific Properties during the 3rd quarter valued at approximately $48,000. Opinicus Capital Inc. purchased a new position in Hudson Pacific Properties in the 4th quarter worth approximately $32,000. Finally, Cibc World Markets Corp purchased a new position in Hudson Pacific Properties in the 4th quarter worth approximately $39,000. 97.58% of the stock is owned by hedge funds and other institutional investors.

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.