Hudson Pacific Properties, Inc. (NYSE:HPP) CEO Buys $143,500.00 in Stock

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) CEO Victor J. Coleman bought 50,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was purchased at an average cost of $2.87 per share, with a total value of $143,500.00. Following the acquisition, the chief executive officer now owns 487,451 shares in the company, valued at approximately $1,398,984.37. This represents a 11.43 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Hudson Pacific Properties Trading Up 0.4 %

NYSE HPP traded up $0.01 during trading hours on Thursday, hitting $2.61. 9,947,312 shares of the company's stock were exchanged, compared to its average volume of 2,606,627. The firm has a market cap of $368.62 million, a price-to-earnings ratio of -1.25 and a beta of 1.27. The stock has a 50-day simple moving average of $3.96 and a 200 day simple moving average of $4.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47. Hudson Pacific Properties, Inc. has a 1-year low of $2.39 and a 1-year high of $9.85.

Institutional Trading of Hudson Pacific Properties

Several hedge funds have recently modified their holdings of the stock. Blue Trust Inc. increased its position in Hudson Pacific Properties by 549.1% in the 3rd quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 5,013 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in Hudson Pacific Properties in the third quarter valued at approximately $44,000. Stifel Financial Corp bought a new stake in shares of Hudson Pacific Properties during the third quarter valued at approximately $48,000. MQS Management LLC acquired a new position in shares of Hudson Pacific Properties during the third quarter worth approximately $58,000. Finally, Metis Global Partners LLC acquired a new position in shares of Hudson Pacific Properties during the third quarter worth approximately $66,000. Institutional investors own 97.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HPP. Jefferies Financial Group lowered shares of Hudson Pacific Properties from a "buy" rating to a "hold" rating and reduced their target price for the stock from $5.50 to $5.00 in a report on Tuesday, November 12th. Scotiabank reduced their price objective 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. Piper Sandler decreased their price objective on Hudson Pacific Properties from $5.00 to $4.50 and set a "neutral" rating for the company in a report on Friday, November 15th. Bank of America cut their target price on Hudson Pacific Properties from $4.50 to $4.00 and set an "underperform" rating on the stock in a report on Thursday, August 22nd. Finally, Wells Fargo & Company reduced their price target on Hudson Pacific Properties from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $6.17.

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.