Barclays PLC Boosts Stock Holdings in Hudson Pacific Properties, Inc. (NYSE:HPP)

Barclays PLC grew its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 120.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 244,222 shares of the real estate investment trust’s stock after buying an additional 133,673 shares during the period. Barclays PLC owned 0.17% of Hudson Pacific Properties worth $1,168,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. raised its holdings in Hudson Pacific Properties by 549.1% in the third quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 5,013 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of Hudson Pacific Properties in the 3rd quarter valued at $44,000. Stifel Financial Corp acquired a new position in shares of Hudson Pacific Properties during the 3rd quarter valued at $48,000. MQS Management LLC purchased a new stake in Hudson Pacific Properties during the 3rd quarter worth $58,000. Finally, Metis Global Partners LLC acquired a new stake in Hudson Pacific Properties in the 3rd quarter valued at $66,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Hudson Pacific Properties Stock Performance

Shares of HPP stock opened at $2.97 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. The business has a 50 day moving average of $3.73 and a two-hundred day moving average of $4.57. The company has a market cap of $419.46 million, a P/E ratio of -1.42 and a beta of 1.27. Hudson Pacific Properties, Inc. has a 52 week low of $2.39 and a 52 week high of $9.85.

Insiders Place Their Bets

In other news, CEO Victor J. Coleman purchased 50,000 shares of the company’s stock in a transaction 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 completion of the purchase, the chief executive officer now owns 437,451 shares of the company’s stock, valued at $1,544,202.03. This trade represents a 12.90 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.95% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Piper Sandler reduced their price objective on Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Jefferies Financial Group lowered shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating and dropped their price objective for the company from $5.50 to $5.00 in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company decreased their target price on shares of Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating for the company in a research note on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, Hudson Pacific Properties presently has a consensus rating of “Hold” and an average price target of $5.49.

Hudson Pacific Properties Company 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.