Charles Schwab Investment Management Inc. Acquires 458,783 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP)

Charles Schwab Investment Management Inc. raised its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 8.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,668,360 shares of the real estate investment trust's stock after purchasing an additional 458,783 shares during the period. Charles Schwab Investment Management Inc. owned 4.01% of Hudson Pacific Properties worth $17,175,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 during the last quarter. Y Intercept Hong Kong Ltd increased its holdings in shares of Hudson Pacific Properties by 197.5% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 368,175 shares of the real estate investment trust's stock valued at $1,116,000 after acquiring an additional 244,410 shares during the last quarter. Green Alpha Advisors LLC raised its stake in shares of Hudson Pacific Properties by 77.7% in the 4th quarter. Green Alpha Advisors LLC now owns 521,592 shares of the real estate investment trust's stock valued at $1,580,000 after acquiring an additional 228,079 shares in the last quarter. Fourthstone LLC acquired a new stake in Hudson Pacific Properties in the 3rd quarter worth approximately $1,049,000. Finally, Presima Securities ULC boosted its position in 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 period. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in 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 research note on Tuesday, January 7th. Wells Fargo & Company raised shares of Hudson Pacific Properties from an "equal weight" rating to an "overweight" rating and set a $4.00 target price for the company in a research report on Monday, March 10th. Piper Sandler lowered their price target on Hudson Pacific Properties from $4.50 to $3.50 and set a "neutral" rating on the stock in a research report on Monday, February 24th. Scotiabank cut their price objective on Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating for the company in a research report on Tuesday, February 18th. Finally, The Goldman Sachs Group lowered their target price 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. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $3.54.

Hudson Pacific Properties Stock Performance

HPP stock traded up $0.03 during trading on Monday, reaching $2.95. 2,179,234 shares of the stock were exchanged, compared to its average volume of 2,718,412. Hudson Pacific Properties, Inc. has a twelve month low of $2.39 and a twelve month high of $6.69. 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 capitalization of $416.28 million, a P/E ratio of -1.15 and a beta of 1.31. The stock has a 50 day simple moving average of $3.02 and a 200-day simple moving average of $3.65.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. The company 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%. As a group, sell-side analysts anticipate that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current 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.