Bank of New York Mellon Corp Has $1.79 Million Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

Bank of New York Mellon Corp cut its position in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 44.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 591,962 shares of the real estate investment trust's stock after selling 476,437 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.42% of Hudson Pacific Properties worth $1,794,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hudson Pacific Properties by 13.8% during the third 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 last quarter. Geode Capital Management LLC raised its stake 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. Presima Securities ULC boosted its holdings in 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 valued at $7,590,000 after purchasing an additional 185,699 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Hudson Pacific Properties by 450.9% during 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 worth $5,096,000 after buying an additional 872,538 shares in the last quarter. Finally, Green Alpha Advisors LLC grew its holdings in shares of Hudson Pacific Properties by 77.7% during the 4th quarter. Green Alpha Advisors LLC now owns 521,592 shares of the real estate investment trust's stock worth $1,580,000 after purchasing an additional 228,079 shares in the last quarter. Institutional investors own 97.58% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. 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 report on Tuesday, January 7th. The Goldman Sachs Group decreased their price objective on Hudson Pacific Properties from $3.90 to $3.40 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Morgan Stanley dropped their target price on Hudson Pacific Properties from $2.40 to $2.25 and set an "underweight" rating for the company in a report on Tuesday, March 18th. 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, Piper Sandler dropped their price objective on Hudson Pacific Properties from $4.50 to $3.50 and set a "neutral" rating for the company in a research note on Monday, February 24th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $3.54.

Hudson Pacific Properties Price Performance

NYSE HPP traded up $0.05 on Monday, hitting $2.97. 761,446 shares of the company were exchanged, compared to its average volume of 2,782,229. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47. The company has a market cap of $419.11 million, a P/E ratio of -1.15 and a beta of 1.31. Hudson Pacific Properties, Inc. has a 1-year low of $2.39 and a 1-year high of $6.69. The firm has a 50 day moving average of $3.02 and a two-hundred day moving average of $3.65.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. The business had revenue of $209.67 million for the quarter, compared to analysts' expectations of $207.95 million. On average, equities analysts predict that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current year.

About Hudson Pacific Properties

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.