Anthracite Investment Company Inc. Makes New Investment in Hudson Pacific Properties, Inc. (NYSE:HPP)

Anthracite Investment Company Inc. purchased a new stake in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 276,191 shares of the real estate investment trust's stock, valued at approximately $1,320,000. Anthracite Investment Company Inc. owned 0.20% of Hudson Pacific Properties as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Millennium Management LLC boosted its stake in shares of 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 worth $8,594,000 after acquiring an additional 1,319,869 shares in the last quarter. B&I Capital AG grew its holdings in Hudson Pacific Properties by 23.4% in the 2nd quarter. B&I Capital AG now owns 1,699,283 shares of the real estate investment trust's stock valued at $8,174,000 after buying an additional 322,033 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Hudson Pacific Properties by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 1,290,803 shares of the real estate investment trust's stock valued at $6,209,000 after buying an additional 43,728 shares during the last quarter. Kennedy Capital Management LLC increased its holdings in Hudson Pacific Properties by 50.6% in the 1st quarter. Kennedy Capital Management LLC now owns 1,240,292 shares of the real estate investment trust's stock valued at $8,000,000 after buying an additional 416,591 shares during the period. Finally, Davis Selected Advisers boosted its stake in Hudson Pacific Properties by 78.0% in the 2nd quarter. Davis Selected Advisers now owns 1,224,493 shares of the real estate investment trust's stock valued at $5,890,000 after buying an additional 536,540 shares in the last quarter. Institutional investors and hedge funds own 97.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HPP shares. The Goldman Sachs Group reduced their price objective on shares of Hudson Pacific Properties from $6.50 to $4.70 and set a "neutral" rating on the stock in a research note on Wednesday, August 14th. Piper Sandler lowered 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. Wolfe Research downgraded shares of Hudson Pacific Properties from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, August 14th. Wells Fargo & Company cut their target price on Hudson Pacific Properties from $5.00 to $4.50 and set an "equal weight" rating on the stock in a report on Wednesday, September 11th. Finally, Bank of America reduced their target price on Hudson Pacific Properties from $4.50 to $4.00 and set an "underperform" rating for the company in a research note on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $6.17.

Insiders Place Their Bets

In other news, Director Jonathan M. Glaser sold 9,287 shares of the firm's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $5.20, for a total transaction of $48,292.40. Following the completion of the sale, the director now owns 3,713 shares of the company's stock, valued at approximately $19,307.60. This trade represents a 71.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Andy Wattula sold 9,356 shares of the firm's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $5.28, for a total value of $49,399.68. Following the transaction, the chief operating officer now owns 61,068 shares in the company, valued at $322,439.04. This trade represents a 13.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.95% of the stock is owned by corporate insiders.

Hudson Pacific Properties Trading Down 3.0 %

HPP stock traded down $0.10 during mid-day trading on Wednesday, hitting $3.23. 2,969,988 shares of the company were exchanged, compared to its average volume of 2,422,717. The business has a fifty day simple moving average of $4.51 and a 200-day simple moving average of $4.89. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. Hudson Pacific Properties, Inc. has a 12-month low of $3.16 and a 12-month high of $9.85. The firm has a market capitalization of $456.18 million, a P/E ratio of -1.55 and a beta of 1.31.

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.