Hudson Pacific Properties, Inc. (NYSE:HPP) Short Interest Down 21.9% in January

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 21,200,000 shares, a decrease of 21.9% from the December 31st total of 27,140,000 shares. Approximately 15.5% of the company's stock are sold short. Based on an average trading volume of 3,940,000 shares, the short-interest ratio is currently 5.4 days.

Hudson Pacific Properties Stock Performance

Shares of HPP traded down $0.08 on Monday, reaching $3.06. The company's stock had a trading volume of 1,722,881 shares, compared to its average volume of 2,953,123. Hudson Pacific Properties has a 12-month low of $2.39 and a 12-month high of $8.17. The stock has a market capitalization of $431.46 million, a P/E ratio of -1.46 and a beta of 1.30. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26. The stock's 50 day simple moving average is $3.14 and its two-hundred day simple moving average is $4.20.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HPP shares. 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. Piper Sandler lowered their target price on shares of Hudson Pacific Properties from $5.00 to $4.50 and set a "neutral" rating on the stock in a research note on Friday, November 15th. Finally, Jefferies Financial Group reduced their price target on shares of Hudson Pacific Properties from $3.70 to $3.00 and set a "hold" rating for the company in a research note on Thursday, January 2nd. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, Hudson Pacific Properties presently has a consensus rating of "Hold" and an average target price of $5.08.

Insider Transactions at Hudson Pacific Properties

In other news, CEO Victor J. Coleman purchased 50,000 shares of Hudson Pacific Properties stock in a transaction that occurred on Wednesday, December 18th. The stock was bought at an average price of $2.87 per share, with a total value of $143,500.00. Following the completion of the transaction, the chief executive officer now directly owns 487,451 shares of the company's stock, valued at approximately $1,398,984.37. The trade was a 11.43 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.92% of the company's stock.

Institutional Investors Weigh In On Hudson Pacific Properties

A number of hedge funds have recently modified their holdings of the business. Blue Trust Inc. lifted its position in Hudson Pacific Properties by 549.1% during the third 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 in the last quarter. Opinicus Capital Inc. bought a new position in shares of Hudson Pacific Properties during the 4th quarter valued at approximately $32,000. Venturi Wealth Management LLC bought a new position in shares of Hudson Pacific Properties during the 3rd quarter valued at approximately $44,000. Mutual Advisors LLC purchased a new stake in Hudson Pacific Properties in the 4th quarter worth approximately $44,000. Finally, Sanctuary Advisors LLC bought a new stake in Hudson Pacific Properties during the 4th quarter worth approximately $45,000. Institutional investors own 97.58% of the company's stock.

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.