Y Intercept Hong Kong Ltd Boosts Holdings in Hudson Pacific Properties, Inc. (NYSE:HPP)

Y Intercept Hong Kong Ltd grew its position in Hudson Pacific Properties, Inc. (NYSE:HPP) by 197.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 368,175 shares of the real estate investment trust’s stock after acquiring an additional 244,410 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Hudson Pacific Properties were worth $1,116,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Anthracite Investment Company Inc. purchased a new stake in Hudson Pacific Properties in the 3rd quarter worth about $1,320,000. Green Alpha Advisors LLC grew its stake in shares of Hudson Pacific Properties by 77.7% during the fourth quarter. Green Alpha Advisors LLC now owns 521,592 shares of the real estate investment trust’s stock valued at $1,580,000 after buying an additional 228,079 shares during the last quarter. Wolverine Asset Management LLC grew its stake in shares of Hudson Pacific Properties by 42.3% during the third quarter. Wolverine Asset Management LLC now owns 576,373 shares of the real estate investment trust’s stock valued at $2,755,000 after buying an additional 171,424 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of Hudson Pacific Properties in the third quarter worth approximately $1,332,000. Finally, Stifel Financial Corp bought a new stake in shares of Hudson Pacific Properties during the 3rd quarter worth approximately $48,000. Institutional investors own 97.58% of the company’s stock.

Insider Transactions at Hudson Pacific Properties

In related news, CEO Victor J. Coleman bought 50,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average price of $2.87 per share, for a total transaction of $143,500.00. Following the completion of the purchase, the chief executive officer now directly owns 487,451 shares of the company’s stock, valued at approximately $1,398,984.37. This trade represents a 11.43 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.92% of the company’s stock.

Analyst Ratings Changes

HPP has been the topic of several research analyst reports. Piper Sandler cut their price objective on Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating on the stock in a research report on Monday. Scotiabank cut their price target on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 18th. The Goldman Sachs Group decreased their price objective on shares of Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating for the company in a report on Tuesday. Mizuho lowered their price objective on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group reduced their target price on shares of Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $4.31.

Hudson Pacific Properties Trading Up 0.7 %

NYSE:HPP opened at $3.08 on Thursday. The firm has a 50-day simple moving average of $2.98 and a 200-day simple moving average of $3.91. Hudson Pacific Properties, Inc. has a one year low of $2.39 and a one year high of $7.20. The firm has a market cap of $434.99 million, a P/E ratio of -1.20 and a beta of 1.30. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $209.67 million during the quarter, compared to the consensus estimate of $207.95 million. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. Equities analysts anticipate that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

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.