Marshall Wace LLP Has $5.59 Million Stock Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

Marshall Wace LLP boosted its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 853.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,844,926 shares of the real estate investment trust's stock after purchasing an additional 1,651,382 shares during the quarter. Marshall Wace LLP owned 1.31% of Hudson Pacific Properties worth $5,590,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Xponance Inc. acquired a new position in shares of Hudson Pacific Properties during the fourth quarter valued at about $30,000. Opinicus Capital Inc. bought a new stake in shares of Hudson Pacific Properties in the 4th quarter worth approximately $32,000. Cibc World Markets Corp acquired a new stake in shares of Hudson Pacific Properties during the 4th quarter worth approximately $39,000. Mutual Advisors LLC bought a new stake in shares of Hudson Pacific Properties during the fourth quarter valued at approximately $44,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Hudson Pacific Properties in the fourth quarter valued at $45,000. 97.58% of the stock is owned by institutional investors.

Hudson Pacific Properties Price Performance

Shares of HPP traded down $0.03 on Friday, hitting $2.21. The company's stock had a trading volume of 1,735,411 shares, compared to its average volume of 2,877,138. The company has a 50 day moving average price of $2.72 and a 200 day moving average price of $3.23. Hudson Pacific Properties, Inc. has a fifty-two week low of $2.00 and a fifty-two week high of $6.29. The company has a market capitalization of $312.39 million, a PE ratio of -0.86 and a beta of 1.30. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last announced its 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 return on equity of 12.64% and a negative net margin of 44.01%. The company had revenue of $209.67 million for the quarter, compared to analysts' expectations of $207.95 million. On average, research analysts anticipate that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Piper Sandler lowered their price target on shares of Hudson Pacific Properties from $3.50 to $2.50 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Jefferies Financial Group began coverage on shares of Hudson Pacific Properties in a research note on Monday, March 17th. They issued a "hold" rating and a $2.70 target price on the stock. Morgan Stanley restated an "underweight" rating and set a $1.75 price target on shares of Hudson Pacific Properties in a research note on Tuesday, April 15th. The Goldman Sachs Group lowered their price objective on Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Finally, Mizuho cut their target price on Hudson Pacific Properties from $5.00 to $3.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $3.14.

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.