Brown University Purchases Shares of 604,746 Hudson Pacific Properties, Inc. (NYSE:HPP)

Brown University acquired a new stake in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 604,746 shares of the real estate investment trust's stock, valued at approximately $1,832,000. Hudson Pacific Properties makes up about 0.8% of Brown University's holdings, making the stock its 9th biggest position. Brown University owned 0.43% of Hudson Pacific Properties at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Hudson Pacific Properties by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,668,360 shares of the real estate investment trust's stock valued at $17,175,000 after acquiring an additional 458,783 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Hudson Pacific Properties by 4.7% during the third 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 in the last quarter. Presima Securities ULC grew its holdings in shares of Hudson Pacific Properties by 8.0% during the fourth 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. Davis Selected Advisers increased its stake in shares of Hudson Pacific Properties by 88.0% in the fourth quarter. Davis Selected Advisers now owns 2,280,963 shares of the real estate investment trust's stock valued at $6,911,000 after buying an additional 1,067,940 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Hudson Pacific Properties by 450.9% during the 3rd 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 during the period. 97.58% of the stock is owned by institutional investors.

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Hudson Pacific Properties Stock Down 0.8 %

Shares of NYSE HPP traded down $0.03 during mid-day trading on Wednesday, hitting $2.95. 357,519 shares of the stock traded hands, compared to its average volume of 2,690,510. The company has a market cap of $416.28 million, a price-to-earnings ratio of -1.15 and a beta of 1.31. The stock has a fifty day moving average price of $3.00 and a 200-day moving average price of $3.70. Hudson Pacific Properties, Inc. has a 52 week low of $2.39 and a 52 week high of $6.82. 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 (NYSE:HPP - Get Free Report) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. The firm had revenue of $209.67 million for the quarter, compared to the consensus estimate of $207.95 million. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. Research analysts anticipate that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on HPP shares. The Goldman Sachs Group decreased their price objective on Hudson Pacific Properties from $3.90 to $3.40 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Morgan Stanley lowered their price objective on shares of Hudson Pacific Properties from $2.40 to $2.25 and set an "underweight" rating on the stock in a research report on Tuesday. Wells Fargo & Company upgraded Hudson Pacific Properties from an "equal weight" rating to an "overweight" rating and set a $4.00 target price on the stock in a research note on Monday, March 10th. Jefferies Financial Group began coverage on Hudson Pacific Properties in a research report on Monday. They issued a "hold" rating and a $2.70 price target for the company. Finally, Piper Sandler cut their target price on shares of Hudson Pacific Properties from $4.50 to $3.50 and set a "neutral" rating for the company in a research report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $3.54.

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.