Green Alpha Advisors LLC lifted its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 77.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 521,592 shares of the real estate investment trust's stock after buying an additional 228,079 shares during the period. Hudson Pacific Properties makes up 1.3% of Green Alpha Advisors LLC's portfolio, making the stock its 24th biggest position. Green Alpha Advisors LLC owned about 0.37% of Hudson Pacific Properties worth $1,580,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of HPP. Blue Trust Inc. raised its stake in Hudson Pacific Properties by 549.1% during the 3rd quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 5,013 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of Hudson Pacific Properties in the 3rd quarter worth approximately $44,000. Stifel Financial Corp purchased a new position in shares of Hudson Pacific Properties in the 3rd quarter worth approximately $48,000. MQS Management LLC purchased a new position in Hudson Pacific Properties during the 3rd quarter valued at $58,000. Finally, Metis Global Partners LLC purchased a new position in Hudson Pacific Properties during the 3rd quarter valued at $66,000. 97.58% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
HPP has been the subject of a number of research analyst reports. Jefferies Financial Group decreased their target price on Hudson Pacific Properties from $3.70 to $3.00 and set a "hold" rating for the company in a research report on Thursday, January 2nd. Mizuho decreased their price target on 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. Finally, Piper Sandler dropped their target price on Hudson Pacific Properties from $5.00 to $4.50 and set a "neutral" rating on the stock in a report on Friday, November 15th. Two analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat.com, Hudson Pacific Properties currently has a consensus rating of "Hold" and an average target price of $5.08.
Read Our Latest Stock Report on Hudson Pacific Properties
Hudson Pacific Properties Stock Down 3.8 %
NYSE HPP traded down $0.10 during trading on Monday, reaching $2.51. 4,599,931 shares of the company's stock were exchanged, compared to its average volume of 3,185,547. Hudson Pacific Properties, Inc. has a 1 year low of $2.39 and a 1 year high of $9.25. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $354.49 million, a P/E ratio of -1.20 and a beta of 1.30. The company has a 50 day moving average price of $3.41 and a two-hundred day moving average price of $4.42.
Insider Activity
In other Hudson Pacific Properties news, CEO Victor J. Coleman bought 50,000 shares of the company's stock in a transaction on Wednesday, December 18th. The shares were bought at an average price of $2.87 per share, for a total transaction of $143,500.00. Following the transaction, the chief executive officer now owns 487,451 shares of the company's stock, valued at approximately $1,398,984.37. This trade represents a 11.43 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.95% of the company's stock.
About Hudson Pacific Properties
(
Free Report)
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.
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