Mutual Advisors LLC Makes New Investment in Hudson Pacific Properties, Inc. (NYSE:HPP)

Mutual Advisors LLC purchased a new position in Hudson Pacific Properties, Inc. (NYSE:HPP) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 14,910 shares of the real estate investment trust’s stock, valued at approximately $44,000.

Several other institutional investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its stake in shares of 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 worth $24,902,000 after acquiring an additional 630,932 shares in the last quarter. Geode Capital Management LLC grew its position in Hudson Pacific Properties by 4.7% during 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 purchasing an additional 154,101 shares during the last quarter. Millennium Management LLC grew its position in Hudson Pacific Properties by 282.7% during 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 purchasing an additional 1,319,869 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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 valued at $5,096,000 after purchasing an additional 872,538 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Hudson Pacific Properties by 15.8% during the 2nd quarter. AQR Capital Management LLC now owns 979,442 shares of the real estate investment trust’s stock valued at $4,633,000 after purchasing an additional 133,629 shares during the last quarter. 97.58% of the stock is currently owned by institutional investors.

Hudson Pacific Properties Stock Performance

Shares of NYSE HPP opened at $2.87 on Thursday. The firm’s 50-day moving average price is $3.14 and its 200-day moving average price is $4.25. 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 company has a market cap of $404.62 million, a PE ratio of -1.37 and a beta of 1.30. Hudson Pacific Properties, Inc. has a 52-week low of $2.39 and a 52-week high of $8.89.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HPP. Piper Sandler cut their price objective 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. Jefferies Financial Group cut their price objective 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. Finally, Mizuho cut their price objective on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.08.

Insider Buying and Selling

In other Hudson Pacific Properties news, CEO Victor J. Coleman acquired 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average price of $2.87 per share, with a total value of $143,500.00. Following the completion of the acquisition, the chief executive officer now owns 487,451 shares in the company, valued at $1,398,984.37. This represents a 11.43 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.95% of the stock is currently owned by insiders.

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.