Stifel Financial Corp Purchases Shares of 10,012 Hudson Pacific Properties, Inc. (NYSE:HPP)

Stifel Financial Corp acquired a new position in Hudson Pacific Properties, Inc. (NYSE:HPP) during the third quarter, according to its most recent filing with the SEC. The firm acquired 10,012 shares of the real estate investment trust’s stock, valued at approximately $48,000.

Other large investors have also recently made changes to their positions in the company. Millennium Management LLC boosted its holdings in Hudson Pacific Properties by 282.7% in the second quarter. Millennium Management LLC now owns 1,786,692 shares of the real estate investment trust’s stock valued at $8,594,000 after acquiring an additional 1,319,869 shares in the last quarter. Scion Asset Management LLC bought a new stake in shares of Hudson Pacific Properties during the 2nd quarter valued at about $5,505,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Hudson Pacific Properties by 450.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,066,056 shares of the real estate investment trust’s stock valued at $5,096,000 after buying an additional 872,538 shares during the period. GSA Capital Partners LLP increased its position in shares of Hudson Pacific Properties by 1,822.5% during the third quarter. GSA Capital Partners LLP now owns 760,086 shares of the real estate investment trust’s stock valued at $3,633,000 after buying an additional 720,549 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Hudson Pacific Properties by 13.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,209,577 shares of the real estate investment trust’s stock worth $24,902,000 after buying an additional 630,932 shares in the last quarter. 97.58% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Hudson Pacific Properties news, CEO Victor J. Coleman purchased 50,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average cost of $2.87 per share, with a total value of $143,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 487,451 shares in the company, valued at $1,398,984.37. This trade represents a 11.43 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.95% of the company’s stock.

Hudson Pacific Properties Price Performance

HPP opened at $2.89 on Tuesday. Hudson Pacific Properties, Inc. has a 1 year low of $2.39 and a 1 year high of $9.85. The stock has a 50-day moving average price of $3.73 and a 200-day moving average price of $4.56. The firm has a market cap of $408.16 million, a PE ratio of -1.38 and a beta of 1.27. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26.

Wall Street Analysts Forecast Growth

HPP has been the topic of a number of research analyst reports. Jefferies Financial Group downgraded Hudson Pacific Properties from a “buy” rating to a “hold” rating and reduced their target price for the stock from $5.50 to $5.00 in a report on Tuesday, November 12th. Wells Fargo & Company dropped their price target on Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating on the stock in a research report on Wednesday, September 11th. Finally, Piper Sandler lowered their price objective on Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating for the company in a research report on Friday, November 15th. Two research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.