Catalyst Funds Management Pty Ltd Purchases New Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

Catalyst Funds Management Pty Ltd acquired a new stake in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 159,500 shares of the real estate investment trust's stock, valued at approximately $483,000. Catalyst Funds Management Pty Ltd owned approximately 0.11% of Hudson Pacific Properties as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Hudson Pacific Properties by 8.8% in 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 raised 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 acquiring an additional 154,101 shares in the last quarter. Presima Securities ULC raised its stake 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 valued at $7,590,000 after acquiring an additional 185,699 shares in the last quarter. Davis Selected Advisers raised its stake in shares of Hudson Pacific Properties by 88.0% in the 4th quarter. Davis Selected Advisers now owns 2,280,963 shares of the real estate investment trust's stock valued at $6,911,000 after acquiring an additional 1,067,940 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Hudson Pacific Properties by 450.9% in 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 valued at $5,096,000 after acquiring an additional 872,538 shares in the last quarter. 97.58% of the stock is owned by institutional investors.

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Hudson Pacific Properties Stock Performance

Shares of NYSE:HPP traded down $0.01 during trading on Wednesday, hitting $2.97. 289,010 shares of the stock were exchanged, compared to its average volume of 2,690,129. Hudson Pacific Properties, Inc. has a 1-year low of $2.39 and a 1-year high of $6.82. The company has a market capitalization of $419.11 million, a price-to-earnings ratio of -1.15 and a beta of 1.31. The company's fifty day simple moving average is $3.00 and its 200-day simple moving average is $3.70. 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 announced 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. The business had revenue of $209.67 million for the quarter, compared to analyst estimates of $207.95 million. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. Sell-side analysts expect that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on HPP shares. 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 report on Monday, March 10th. Morgan Stanley dropped their price target on Hudson Pacific Properties from $2.40 to $2.25 and set an "underweight" rating on the stock in a research report on Tuesday. Jefferies Financial Group started coverage on Hudson Pacific Properties in a research report on Monday. They issued a "hold" rating and a $2.70 price target on the stock. Mizuho dropped their price target on Hudson Pacific Properties from $5.00 to $3.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group dropped their price target on Hudson Pacific Properties from $3.90 to $3.40 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Hudson Pacific Properties presently has an average rating of "Hold" and a consensus 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.