Union Bancaire Privee UBP SA Takes $436,000 Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

Union Bancaire Privee UBP SA acquired a new position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 144,000 shares of the real estate investment trust's stock, valued at approximately $436,000. Union Bancaire Privee UBP SA owned approximately 0.10% of Hudson Pacific Properties as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings 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 valued at $24,902,000 after buying an additional 630,932 shares during the period. Geode Capital Management LLC lifted 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 purchasing an additional 154,101 shares during the period. Presima Securities ULC boosted its position in shares of Hudson Pacific Properties by 8.0% in the 4th quarter. Presima Securities ULC now owns 2,504,983 shares of the real estate investment trust's stock worth $7,590,000 after purchasing an additional 185,699 shares during the last quarter. Millennium Management LLC grew its stake in shares of Hudson Pacific Properties by 282.7% during the second quarter. Millennium Management LLC now owns 1,786,692 shares of the real estate investment trust's stock worth $8,594,000 after purchasing an additional 1,319,869 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Hudson Pacific Properties by 450.9% in 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 purchasing an additional 872,538 shares during the last quarter. 97.58% of the stock is currently owned by institutional investors.

Hudson Pacific Properties Stock Up 1.0 %

NYSE HPP traded up $0.03 on Friday, reaching $3.13. The company had a trading volume of 2,275,777 shares, compared to its average volume of 2,652,195. The company's fifty day moving average is $3.14 and its 200-day moving average is $4.21. The firm has a market capitalization of $442.05 million, a price-to-earnings ratio of -1.50 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, Inc. has a 1-year low of $2.39 and a 1-year high of $8.71.

Insider Activity at Hudson Pacific Properties

In other Hudson Pacific Properties news, CEO Victor J. Coleman bought 50,000 shares of Hudson Pacific Properties stock in a transaction that occurred on Monday, November 25th. The stock was acquired at an average price of $3.53 per share, for a total transaction of $176,500.00. Following the completion of the acquisition, the chief executive officer now owns 437,451 shares of the company's stock, valued at $1,544,202.03. This trade represents a 12.90 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.95% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on HPP shares. Jefferies Financial Group reduced their target price on Hudson Pacific Properties from $3.70 to $3.00 and set a "hold" rating on the stock in a report on Thursday, January 2nd. Mizuho decreased 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 report on Tuesday, January 7th. Finally, Piper Sandler cut their target price on shares of Hudson Pacific Properties from $5.00 to $4.50 and set a "neutral" rating on the stock in a report on Friday, November 15th. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $5.08.

Hudson Pacific Properties 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.