Hudson Pacific Properties, Inc. (NYSE:HPP) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 1,822.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 760,086 shares of the real estate investment trust's stock after buying an additional 720,549 shares during the quarter. Hudson Pacific Properties accounts for 0.3% of GSA Capital Partners LLP's investment portfolio, making the stock its 17th largest position. GSA Capital Partners LLP owned approximately 0.54% of Hudson Pacific Properties worth $3,633,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HPP. Venturi Wealth Management LLC acquired a new stake in shares of Hudson Pacific Properties in the third quarter valued at $44,000. Wolverine Asset Management LLC raised its position in Hudson Pacific Properties by 42.3% in the 3rd quarter. Wolverine Asset Management LLC now owns 576,373 shares of the real estate investment trust's stock valued at $2,755,000 after purchasing an additional 171,424 shares in the last quarter. NorthRock Partners LLC purchased a new position in shares of Hudson Pacific Properties in the 3rd quarter valued at about $259,000. Amalgamated Bank grew its position in shares of Hudson Pacific Properties by 10.0% during the third quarter. Amalgamated Bank now owns 41,738 shares of the real estate investment trust's stock worth $200,000 after buying an additional 3,802 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Hudson Pacific Properties by 9.9% during the third quarter. Van ECK Associates Corp now owns 26,718 shares of the real estate investment trust's stock worth $123,000 after buying an additional 2,399 shares during the period. Hedge funds and other institutional investors own 97.58% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on HPP shares. Jefferies Financial Group cut shares of Hudson Pacific Properties from a "buy" rating to a "hold" rating and lowered their price target for the stock from $5.50 to $5.00 in a report on Tuesday. Bank of America decreased their price target on Hudson Pacific Properties from $4.50 to $4.00 and set an "underperform" rating for the company in a report on Thursday, August 22nd. Wolfe Research downgraded Hudson Pacific Properties from an "outperform" rating to a "peer perform" rating in a report on Wednesday, August 14th. The Goldman Sachs Group decreased their target price on Hudson Pacific Properties from $6.50 to $4.70 and set a "neutral" rating for the company in a research note on Wednesday, August 14th. Finally, Scotiabank dropped their price target on shares of Hudson Pacific Properties from $7.00 to $6.00 and set a "sector perform" rating on the stock in a research note on Monday, August 26th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $6.30.

Hudson Pacific Properties Stock Performance

Shares of Hudson Pacific Properties stock traded down $0.40 on Tuesday, reaching $4.04. 4,573,141 shares of the stock were exchanged, compared to its average volume of 2,379,729. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $570.58 million, a PE ratio of -2.42 and a beta of 1.31. Hudson Pacific Properties, Inc. has a 1-year low of $4.04 and a 1-year high of $9.85. The business has a fifty day moving average price of $4.66 and a two-hundred day moving average price of $4.97.

Insiders Place Their Bets

In related news, COO Andy Wattula sold 9,356 shares of Hudson Pacific Properties stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $5.28, for a total value of $49,399.68. Following the sale, the chief operating officer now directly owns 61,068 shares in the company, valued at $322,439.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Hudson Pacific Properties news, COO Andy Wattula sold 9,356 shares of the company's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $5.28, for a total transaction of $49,399.68. Following the transaction, the chief operating officer now directly owns 61,068 shares in the company, valued at approximately $322,439.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jonathan M. Glaser sold 9,287 shares of Hudson Pacific Properties stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $5.20, for a total transaction of $48,292.40. Following the sale, the director now owns 3,713 shares of the company's stock, valued at approximately $19,307.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.95% of the stock is currently owned by insiders.

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.