AQR Capital Management LLC Grows Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

AQR Capital Management LLC raised its position in Hudson Pacific Properties, Inc. (NYSE:HPP) by 15.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 979,442 shares of the real estate investment trust’s stock after acquiring an additional 133,629 shares during the quarter. AQR Capital Management LLC owned approximately 0.69% of Hudson Pacific Properties worth $4,633,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HPP. HGI Capital Management LLC purchased a new stake in shares of Hudson Pacific Properties during the 4th quarter worth $301,000. Lighthouse Investment Partners LLC acquired a new position in shares of Hudson Pacific Properties during the 4th quarter worth about $3,724,000. Caxton Associates LP increased its holdings in shares of Hudson Pacific Properties by 139.9% in the 4th quarter. Caxton Associates LP now owns 178,605 shares of the real estate investment trust’s stock valued at $1,663,000 after acquiring an additional 104,148 shares during the last quarter. Heitman Real Estate Securities LLC raised its position in shares of Hudson Pacific Properties by 10.9% during the 4th quarter. Heitman Real Estate Securities LLC now owns 197,631 shares of the real estate investment trust’s stock worth $1,840,000 after acquiring an additional 19,361 shares in the last quarter. Finally, GRS Advisors LLC purchased a new stake in Hudson Pacific Properties during the fourth quarter worth approximately $18,489,000. Institutional investors and hedge funds own 97.58% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on HPP. Wolfe Research lowered shares of Hudson Pacific Properties from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Bank of America dropped their target price on shares of Hudson Pacific Properties from $4.50 to $4.00 and set an “underperform” rating on the stock in a research report on Thursday, August 22nd. The Goldman Sachs Group reduced their price target on shares of Hudson Pacific Properties from $6.50 to $4.70 and set a “neutral” rating for the company in a research report on Wednesday, August 14th. Piper Sandler lowered Hudson Pacific Properties from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $7.00 to $6.00 in a report on Thursday, August 8th. Finally, BMO Capital Markets downgraded Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $8.00 to $6.00 in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $6.95.

Insider Buying and Selling at Hudson Pacific Properties

In other news, COO Andy Wattula sold 9,356 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $5.28, for a total transaction of $49,399.68. Following the transaction, the chief operating officer now directly owns 61,068 shares of the company’s stock, valued at $322,439.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, COO Andy Wattula sold 9,356 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $5.28, for a total transaction of $49,399.68. Following the sale, the chief operating officer now owns 61,068 shares of the company’s stock, valued at $322,439.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan M. Glaser sold 9,287 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $5.20, for a total value of $48,292.40. Following the completion of the transaction, the director now directly owns 3,713 shares of the company’s stock, valued at $19,307.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.95% of the stock is owned by corporate insiders.

Hudson Pacific Properties Stock Down 0.2 %

HPP stock opened at $4.68 on Friday. The stock has a market capitalization of $660.56 million, a PE ratio of -2.93, a price-to-earnings-growth ratio of 0.88 and a beta of 1.31. The company has a fifty day moving average of $5.06 and a 200-day moving average of $5.30. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.47 and a current ratio of 1.47. Hudson Pacific Properties, Inc. has a one year low of $4.26 and a one year high of $9.85.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.50). The firm had revenue of $218.00 million during the quarter, compared to analyst estimates of $216.08 million. Hudson Pacific Properties had a negative net margin of 25.42% and a negative return on equity of 7.41%. Hudson Pacific Properties’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 EPS. As a group, analysts expect that Hudson Pacific Properties, Inc. will post 0.62 EPS for the current year.

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.