Arrowstreet Capital Limited Partnership Raises Stock Holdings in Hudson Pacific Properties, Inc. (NYSE:HPP)

Arrowstreet Capital Limited Partnership boosted its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 82.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,413,993 shares of the real estate investment trust's stock after acquiring an additional 640,445 shares during the quarter. Arrowstreet Capital Limited Partnership owned 1.00% of Hudson Pacific Properties worth $4,284,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Xponance Inc. bought a new stake in shares of Hudson Pacific Properties in the fourth quarter worth $30,000. Stifel Financial Corp bought a new stake in shares of Hudson Pacific Properties in the 3rd quarter valued at about $48,000. Opinicus Capital Inc. acquired a new stake in shares of Hudson Pacific Properties in the fourth quarter valued at about $32,000. Cibc World Markets Corp acquired a new position in shares of Hudson Pacific Properties in the fourth quarter worth approximately $39,000. Finally, Sanctuary Advisors LLC acquired a new stake in Hudson Pacific Properties during the 4th quarter valued at approximately $45,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HPP shares. Morgan Stanley decreased their price objective on shares of Hudson Pacific Properties from $2.40 to $2.25 and set an "underweight" rating for the company in a research report on Tuesday, March 18th. Jefferies Financial Group began coverage on Hudson Pacific Properties in a research report on Monday, March 17th. They issued a "hold" rating and a $2.70 price objective for the company. BMO Capital Markets upgraded Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and upped their target price for the company from $4.00 to $5.00 in a research report on Friday, March 28th. Wells Fargo & Company raised Hudson Pacific Properties from an "equal weight" rating to an "overweight" rating and set a $4.00 price target on the stock in a research note on Monday, March 10th. Finally, Mizuho reduced 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. 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 company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $3.43.

Hudson Pacific Properties Stock Up 1.2 %

HPP traded up $0.03 during trading on Monday, hitting $2.20. 65,588 shares of the company's stock were exchanged, compared to its average volume of 2,834,193. Hudson Pacific Properties, Inc. has a fifty-two week low of $2.00 and a fifty-two week high of $6.29. The stock has a market cap of $310.27 million, a P/E ratio of -0.85 and a beta of 1.30. The business's 50 day moving average is $2.87 and its two-hundred day moving average is $3.39. 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 (NYSE:HPP - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $209.67 million for the quarter, compared to analysts' expectations of $207.95 million. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. As a group, equities analysts expect that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal year.

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.