Charles Schwab Investment Management Inc. Buys 630,932 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP)

Charles Schwab Investment Management Inc. grew its stake in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 13.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,209,577 shares of the real estate investment trust's stock after purchasing an additional 630,932 shares during the period. Charles Schwab Investment Management Inc. owned about 3.69% of Hudson Pacific Properties worth $24,902,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Anthracite Investment Company Inc. bought a new position in shares of Hudson Pacific Properties during the third quarter valued at $1,320,000. Wolverine Asset Management LLC lifted its position in shares of Hudson Pacific Properties by 42.3% during the third quarter. Wolverine Asset Management LLC now owns 576,373 shares of the real estate investment trust's stock worth $2,755,000 after purchasing an additional 171,424 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Hudson Pacific Properties during the third quarter valued at approximately $1,332,000. Millennium Management LLC increased its holdings in shares of Hudson Pacific Properties by 282.7% in the second quarter. Millennium Management LLC now owns 1,786,692 shares of the real estate investment trust's stock valued at $8,594,000 after purchasing an additional 1,319,869 shares in the last quarter. Finally, Scion Asset Management LLC bought a new position in Hudson Pacific Properties in the 2nd quarter worth approximately $5,505,000. Institutional investors own 97.58% of the company's stock.

Hudson Pacific Properties Stock Performance

HPP stock remained flat at $3.56 during midday trading on Friday. The company's stock had a trading volume of 3,223,545 shares, compared to its average volume of 2,460,006. Hudson Pacific Properties, Inc. has a 52-week low of $3.01 and a 52-week high of $9.85. 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 company has a market cap of $502.79 million, a P/E ratio of -1.70 and a beta of 1.27. The stock's 50 day moving average is $4.21 and its two-hundred day moving average is $4.76.

Insider Activity

In other news, CEO Victor J. Coleman acquired 50,000 shares of Hudson Pacific Properties stock in a transaction dated Monday, November 25th. The stock was bought at an average cost of $3.53 per share, with a total value of $176,500.00. Following the completion of the transaction, the chief executive officer now directly owns 437,451 shares of the company's stock, valued at approximately $1,544,202.03. This represents a 12.90 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Andy Wattula sold 9,356 shares of Hudson Pacific Properties stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 61,068 shares in the company, valued at approximately $322,439.04. This represents a 13.29 % decrease in their position. The disclosure for this sale can be found here. 2.95% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Scotiabank lowered 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 note on Monday, August 26th. The Goldman Sachs Group dropped their price objective on Hudson Pacific Properties from $6.50 to $4.70 and set a "neutral" rating for the company in a report on Wednesday, August 14th. BMO Capital Markets lowered shares of Hudson Pacific Properties from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $8.00 to $6.00 in a research note on Thursday, August 8th. Jefferies Financial Group downgraded shares of Hudson Pacific Properties from a "buy" rating to a "hold" rating and dropped their price target for the stock from $5.50 to $5.00 in a research note on Tuesday, November 12th. Finally, Bank of America lowered their target price on shares of Hudson Pacific Properties from $4.50 to $4.00 and set an "underperform" rating for the company in a report on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $6.17.

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.