JPMorgan Chase & Co. Has $4.01 Million Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

JPMorgan Chase & Co. grew its holdings in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 257.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,322,827 shares of the real estate investment trust's stock after buying an additional 952,393 shares during the quarter. JPMorgan Chase & Co. owned 0.94% of Hudson Pacific Properties worth $4,008,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Stifel Financial Corp bought a new stake in Hudson Pacific Properties in the third quarter valued at $48,000. Barclays PLC boosted its stake in shares of Hudson Pacific Properties by 120.9% in the 3rd quarter. Barclays PLC now owns 244,222 shares of the real estate investment trust's stock valued at $1,168,000 after purchasing an additional 133,673 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Hudson Pacific Properties by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,426,417 shares of the real estate investment trust's stock worth $16,381,000 after purchasing an additional 154,101 shares during the last quarter. Green Alpha Advisors LLC increased its position in shares of Hudson Pacific Properties by 77.7% during the 4th quarter. Green Alpha Advisors LLC now owns 521,592 shares of the real estate investment trust's stock worth $1,580,000 after purchasing an additional 228,079 shares in the last quarter. Finally, Mechanics Bank Trust Department acquired a new stake in shares of Hudson Pacific Properties during the 4th quarter worth about $60,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Hudson Pacific Properties Trading Up 0.7 %

HPP stock traded up $0.02 during midday trading on Wednesday, reaching $2.25. The stock had a trading volume of 1,811,627 shares, compared to its average volume of 2,871,883. The firm has a market cap of $317.34 million, a price-to-earnings ratio of -0.87 and a beta of 1.30. Hudson Pacific Properties, Inc. has a twelve month low of $2.00 and a twelve month high of $6.29. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. The business has a fifty day simple moving average of $2.76 and a two-hundred day simple moving average of $3.28.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. The company had revenue of $209.67 million during the quarter, compared to analysts' expectations of $207.95 million. As a group, research analysts expect that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HPP shares. Scotiabank decreased their price objective on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating on the stock in a research note on Tuesday, February 18th. Mizuho decreased their price target on Hudson Pacific Properties from $5.00 to $3.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. BMO Capital Markets upgraded Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $4.00 to $5.00 in a research report on Friday, March 28th. Jefferies Financial Group assumed coverage on Hudson Pacific Properties in a report on Monday, March 17th. They set a "hold" rating and a $2.70 target price on the stock. Finally, The Goldman Sachs Group cut their price target on Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating for the company in a report on Tuesday. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $3.14.

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.