Hudson Pacific Properties, Inc. (NYSE:HPP) Holdings Raised by Intech Investment Management LLC

Intech Investment Management LLC increased its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 88.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,267 shares of the real estate investment trust’s stock after buying an additional 42,276 shares during the period. Intech Investment Management LLC owned 0.06% of Hudson Pacific Properties worth $431,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of HPP. Van ECK Associates Corp lifted its holdings in shares of Hudson Pacific Properties by 9.9% during the third quarter. Van ECK Associates Corp now owns 26,718 shares of the real estate investment trust’s stock valued at $123,000 after acquiring an additional 2,399 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Hudson Pacific Properties by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 83,572 shares of the real estate investment trust’s stock valued at $402,000 after purchasing an additional 2,408 shares during the period. abrdn plc increased its holdings in Hudson Pacific Properties by 10.5% during the 3rd quarter. abrdn plc now owns 28,406 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 2,710 shares in the last quarter. Amalgamated Bank increased its stake in Hudson Pacific Properties by 10.0% in the 3rd quarter. Amalgamated Bank now owns 41,738 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 3,802 shares during the last quarter. Finally, Everence Capital Management Inc. raised its holdings in Hudson Pacific Properties by 17.4% during the third quarter. Everence Capital Management Inc. now owns 27,430 shares of the real estate investment trust’s stock worth $131,000 after acquiring an additional 4,070 shares in the last quarter. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HPP. BMO Capital Markets lowered shares of Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $8.00 to $6.00 in a research note on Thursday, August 8th. The Goldman Sachs Group dropped their price objective on 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 their target price on Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating for the company in a report on Friday, November 15th. Scotiabank cut their price target on shares of Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating on the stock in a report on Monday, August 26th. Finally, Jefferies Financial Group cut shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $5.50 to $5.00 in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Hudson Pacific Properties currently has a consensus rating of “Hold” and a consensus price target of $6.17.

Insider Buying and Selling at Hudson Pacific Properties

In other news, CEO Victor J. Coleman bought 50,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were bought at an average price of $3.53 per share, for a total transaction of $176,500.00. Following the purchase, the chief executive officer now owns 437,451 shares in the company, valued at $1,544,202.03. This represents a 12.90 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, COO Andy Wattula sold 9,356 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $5.28, for a total value of $49,399.68. Following the transaction, the chief operating officer now owns 61,068 shares of the company’s stock, valued at $322,439.04. This represents a 13.29 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.95% of the company’s stock.

Hudson Pacific Properties Trading Down 1.7 %

Shares of HPP opened at $3.79 on Tuesday. Hudson Pacific Properties, Inc. has a 1-year low of $3.01 and a 1-year high of $9.85. 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 company has a market capitalization of $534.56 million, a P/E ratio of -1.81 and a beta of 1.31. The firm’s 50 day simple moving average is $4.28 and its 200 day simple moving average is $4.78.

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.