Hudson Pacific Properties, Inc. (NYSE:HPP) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 4.2% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 105,312 shares of the real estate investment trust’s stock after selling 4,579 shares during the period. Thrivent Financial for Lutherans owned about 0.07% of Hudson Pacific Properties worth $507,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Key Client Fiduciary Advisors LLC purchased a new position in Hudson Pacific Properties during the second quarter valued at approximately $53,000. Chicago Partners Investment Group LLC purchased a new position in shares of Hudson Pacific Properties during the 4th quarter valued at approximately $125,000. NorthRock Partners LLC acquired a new position in shares of Hudson Pacific Properties in the 1st quarter valued at $104,000. Shell Asset Management Co. purchased a new stake in Hudson Pacific Properties during the first quarter worth $107,000. Finally, GAMMA Investing LLC grew its position in Hudson Pacific Properties by 62.4% during the first quarter. GAMMA Investing LLC now owns 17,864 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 6,862 shares during the period. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. The Goldman Sachs Group decreased their price objective 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. Scotiabank reduced their price target on Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating for the company in a report on Monday, August 26th. Wells Fargo & Company cut their price objective on Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating for the company in a research report on Wednesday, September 11th. Bank of America decreased their target price on 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. Finally, Piper Sandler lowered shares of Hudson Pacific Properties from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $7.00 to $6.00 in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $6.95.

Insiders Place Their Bets

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

Hudson Pacific Properties Price Performance

Hudson Pacific Properties stock opened at $4.44 on Wednesday. The company has a fifty day simple moving average of $5.00 and a 200-day simple moving average of $5.27. The firm has a market capitalization of $626.68 million, a price-to-earnings ratio of -2.78, a PEG ratio of 0.88 and a beta of 1.31. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.41. Hudson Pacific Properties, Inc. has a 52-week low of $4.26 and a 52-week 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) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.50). Hudson Pacific Properties had a negative net margin of 25.42% and a negative return on equity of 7.41%. The business had revenue of $218.00 million for the quarter, compared to analysts’ expectations of $216.08 million. During the same period in the prior year, the company posted $0.24 EPS. The firm’s revenue was down 11.1% on a year-over-year basis. On average, equities analysts anticipate that Hudson Pacific Properties, Inc. will post 0.62 EPS for the current fiscal 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.