Hudson Pacific Properties, Inc. (NYSE:HPP) Shares Bought by Green Alpha Advisors LLC

Green Alpha Advisors LLC grew its holdings in Hudson Pacific Properties, Inc. (NYSE:HPP) by 77.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 521,592 shares of the real estate investment trust’s stock after purchasing an additional 228,079 shares during the period. Hudson Pacific Properties makes up 1.3% of Green Alpha Advisors LLC’s investment portfolio, making the stock its 24th largest position. Green Alpha Advisors LLC’s holdings in Hudson Pacific Properties were worth $1,580,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in Hudson Pacific Properties by 13.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,209,577 shares of the real estate investment trust’s stock valued at $24,902,000 after buying an additional 630,932 shares during the period. Geode Capital Management LLC raised its stake in shares of Hudson Pacific Properties by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,426,417 shares of the real estate investment trust’s stock valued at $16,381,000 after acquiring an additional 154,101 shares during the period. Millennium Management LLC raised its stake in shares of Hudson Pacific Properties by 282.7% in the 2nd 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 during the period. Scion Asset Management LLC acquired a new position in shares of Hudson Pacific Properties in the 2nd quarter worth approximately $5,505,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Hudson Pacific Properties by 450.9% during the 3rd 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 worth $5,096,000 after purchasing an additional 872,538 shares during the period. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Hudson Pacific Properties

In related news, CEO Victor J. Coleman bought 50,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average price of $2.87 per share, for a total transaction of $143,500.00. Following the acquisition, the chief executive officer now owns 487,451 shares in the company, valued at approximately $1,398,984.37. This represents a 11.43 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.95% of the company’s stock.

Hudson Pacific Properties Stock Performance

NYSE:HPP opened at $2.60 on Monday. Hudson Pacific Properties, Inc. has a 12 month low of $2.39 and a 12 month high of $9.26. 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 firm has a market capitalization of $367.20 million, a PE ratio of -1.24 and a beta of 1.30. The business’s fifty day moving average price is $3.41 and its 200 day moving average price is $4.42.

Analyst Ratings Changes

Several equities analysts recently issued reports on HPP shares. Mizuho decreased their target price on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Piper Sandler reduced their price target on shares of Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Finally, Jefferies Financial Group dropped their price objective on shares of Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating for the company in a report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $5.08.

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.