Hudson Pacific Properties, Inc. (NYSE:HPP) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 450.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,066,056 shares of the real estate investment trust's stock after purchasing an additional 872,538 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.75% of Hudson Pacific Properties worth $5,096,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Van ECK Associates Corp raised its holdings in Hudson Pacific Properties by 9.9% during the 3rd quarter. Van ECK Associates Corp now owns 26,718 shares of the real estate investment trust's stock valued at $123,000 after buying an additional 2,399 shares during the period. The Manufacturers Life Insurance Company increased its position in Hudson Pacific Properties by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 83,572 shares of the real estate investment trust's stock valued at $402,000 after acquiring an additional 2,408 shares during the last quarter. abrdn plc raised its stake in shares of Hudson Pacific Properties by 10.5% in the third quarter. abrdn plc now owns 28,406 shares of the real estate investment trust's stock valued at $136,000 after acquiring an additional 2,710 shares during the period. Amalgamated Bank boosted its stake in shares of Hudson Pacific Properties by 10.0% during the 3rd quarter. Amalgamated Bank now owns 41,738 shares of the real estate investment trust's stock worth $200,000 after purchasing an additional 3,802 shares during the period. Finally, Everence Capital Management Inc. grew its holdings in Hudson Pacific Properties by 17.4% during the 3rd quarter. Everence Capital Management Inc. now owns 27,430 shares of the real estate investment trust's stock valued at $131,000 after purchasing an additional 4,070 shares during the last quarter. 97.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Hudson Pacific Properties news, COO Andy Wattula sold 9,356 shares of Hudson Pacific Properties stock in a transaction on Friday, September 20th. The shares were sold at an average price of $5.28, for a total value of $49,399.68. Following the transaction, the chief operating officer now directly owns 61,068 shares of the company's stock, valued at approximately $322,439.04. The trade was a 13.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Victor J. Coleman acquired 50,000 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were acquired at an average price of $3.53 per share, with a total value of $176,500.00. Following the acquisition, the chief executive officer now owns 437,451 shares in the company, valued at approximately $1,544,202.03. The trade was a 12.90 % increase in their position. The disclosure for this purchase can be found here. 3.92% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

HPP has been the subject of several recent analyst reports. Scotiabank dropped their target price on Hudson Pacific Properties from $7.00 to $6.00 and set a "sector perform" rating for the company in a research report on Monday, August 26th. The Goldman Sachs Group cut their price objective on Hudson Pacific Properties from $6.50 to $4.70 and set a "neutral" rating on the stock in a research report on Wednesday, August 14th. Bank of America reduced their target price on Hudson Pacific Properties from $4.50 to $4.00 and set an "underperform" rating on the stock in a research note on Thursday, August 22nd. Piper Sandler cut their price target on shares of Hudson Pacific Properties from $5.00 to $4.50 and set a "neutral" rating on the stock in a report on Friday, November 15th. Finally, Wolfe Research lowered shares of Hudson Pacific Properties from an "outperform" rating to a "peer perform" rating in a report on Wednesday, August 14th. Two investment 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. According to MarketBeat.com, Hudson Pacific Properties has an average rating of "Hold" and an average price target of $6.17.

Hudson Pacific Properties Stock Up 5.1 %

Shares of NYSE:HPP traded up $0.16 during trading hours on Thursday, hitting $3.31. The company's stock had a trading volume of 5,424,212 shares, compared to its average volume of 2,518,432. 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 firm's fifty day moving average price is $4.11 and its 200 day moving average price is $4.71. Hudson Pacific Properties, Inc. has a 52 week low of $3.01 and a 52 week high of $9.85. The company has a market capitalization of $467.48 million, a price-to-earnings ratio of -1.51 and a beta of 1.27.

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.