Investors Purchase High Volume of Hudson Pacific Properties Call Options (NYSE:HPP)

Hudson Pacific Properties, Inc. (NYSE:HPP) was the recipient of some unusual options trading on Friday. Stock investors acquired 2,404 call options on the company. This represents an increase of approximately 50% compared to the average daily volume of 1,600 call options.

Hudson Pacific Properties Stock Down 1.2 %

Shares of NYSE HPP opened at $2.98 on Friday. Hudson Pacific Properties has a 1 year low of $2.39 and a 1 year high of $6.69. The firm has a 50-day simple moving average of $3.02 and a two-hundred day simple moving average of $3.59. The company has a market cap of $420.53 million, a P/E ratio of -1.16 and a beta of 1.31. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26.

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

Institutional Trading of Hudson Pacific Properties

A number of large investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans raised its stake in shares of Hudson Pacific Properties by 5.2% during the third quarter. Thrivent Financial for Lutherans now owns 110,760 shares of the real estate investment trust’s stock valued at $529,000 after acquiring an additional 5,448 shares in the last quarter. Intech Investment Management LLC raised its position in Hudson Pacific Properties by 88.1% during the 3rd quarter. Intech Investment Management LLC now owns 90,267 shares of the real estate investment trust’s stock valued at $431,000 after purchasing an additional 42,276 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings 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 buying an additional 630,932 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Hudson Pacific Properties by 16.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 46,527 shares of the real estate investment trust’s stock worth $222,000 after buying an additional 6,704 shares in the last quarter. Finally, Bridgewater Associates LP increased its stake in shares of Hudson Pacific Properties by 56.2% during the third quarter. Bridgewater Associates LP now owns 24,590 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 8,844 shares during the period. 97.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Piper Sandler decreased their target price on Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Wells Fargo & Company raised shares of Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 price objective for the company in a research note on Monday, March 10th. Mizuho decreased their target price 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. Scotiabank dropped their price target on Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 18th. Finally, Morgan Stanley reduced their price objective on Hudson Pacific Properties from $2.40 to $2.25 and set an “underweight” rating on the stock in a research note on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Hudson Pacific Properties presently has an average rating of “Hold” and an average target price of $3.43.

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.