Jump Financial LLC Sells 283,703 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP)

Jump Financial LLC reduced its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 57.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 208,600 shares of the real estate investment trust's stock after selling 283,703 shares during the quarter. Jump Financial LLC owned about 0.15% of Hudson Pacific Properties worth $632,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its holdings in shares of Hudson Pacific Properties by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,668,360 shares of the real estate investment trust's stock worth $17,175,000 after purchasing an additional 458,783 shares during the period. Legal & General Group Plc increased its position in Hudson Pacific Properties by 0.5% during the fourth quarter. Legal & General Group Plc now owns 4,008,936 shares of the real estate investment trust's stock valued at $12,147,000 after acquiring an additional 21,320 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Hudson Pacific Properties by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 3,488,285 shares of the real estate investment trust's stock valued at $10,572,000 after acquiring an additional 61,868 shares during the period. Presima Securities ULC lifted its holdings in shares of Hudson Pacific Properties by 8.0% in the 4th quarter. Presima Securities ULC now owns 2,504,983 shares of the real estate investment trust's stock worth $7,590,000 after acquiring an additional 185,699 shares during the last quarter. Finally, Davis Selected Advisers boosted its stake in shares of Hudson Pacific Properties by 88.0% during the 4th quarter. Davis Selected Advisers now owns 2,280,963 shares of the real estate investment trust's stock worth $6,911,000 after purchasing an additional 1,067,940 shares during the period. 97.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Mizuho reduced their price objective on shares of 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. Morgan Stanley reiterated an "underweight" rating and issued a $1.75 price target on shares of Hudson Pacific Properties in a report on Tuesday, April 15th. Jefferies Financial Group assumed coverage on Hudson Pacific Properties in a research note on Monday, March 17th. They set a "hold" rating and a $2.70 price target for the company. Piper Sandler cut their price objective on Hudson Pacific Properties from $3.50 to $2.50 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Finally, Scotiabank decreased their target price on Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating for the company in a research report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $3.14.

Hudson Pacific Properties Stock Down 1.3 %

Shares of HPP stock traded down $0.03 during mid-day trading on Friday, hitting $2.21. The stock had a trading volume of 1,735,411 shares, compared to its average volume of 2,877,138. Hudson Pacific Properties, Inc. has a 12-month low of $2.00 and a 12-month high of $6.29. 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 50-day moving average is $2.72 and its two-hundred day moving average is $3.23. The firm has a market capitalization of $312.39 million, a P/E ratio of -0.86 and a beta of 1.30.

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

Hudson Pacific Properties 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.