Nisa Investment Advisors LLC reduced its stake in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 75.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,797 shares of the real estate investment trust's stock after selling 121,826 shares during the period. Nisa Investment Advisors LLC's holdings in Hudson Pacific Properties were worth $118,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. Van ECK Associates Corp lifted its holdings in shares of Hudson Pacific Properties by 9.9% during the third quarter. Van ECK Associates Corp now owns 26,718 shares of the real estate investment trust's stock valued at $123,000 after purchasing an additional 2,399 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Hudson Pacific Properties by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 83,572 shares of the real estate investment trust's stock worth $402,000 after buying an additional 2,408 shares during the last quarter. abrdn plc lifted its stake in Hudson Pacific Properties by 10.5% during the 3rd quarter. abrdn plc now owns 28,406 shares of the real estate investment trust's stock valued at $136,000 after acquiring an additional 2,710 shares during the period. Amalgamated Bank boosted its holdings in shares of Hudson Pacific Properties by 10.0% during the 3rd quarter. Amalgamated Bank now owns 41,738 shares of the real estate investment trust's stock valued at $200,000 after acquiring an additional 3,802 shares during the last quarter. Finally, Everence Capital Management Inc. grew its position in Hudson Pacific Properties by 17.4% in the 3rd quarter. Everence Capital Management Inc. now owns 27,430 shares of the real estate investment trust's stock worth $131,000 after purchasing an additional 4,070 shares during the period. 97.58% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Hudson Pacific Properties
In related news, CEO Victor J. Coleman bought 50,000 shares of the company's stock in a transaction that occurred on Wednesday, December 18th. The stock was purchased at an average price of $2.87 per share, for a total transaction of $143,500.00. Following the completion of the transaction, the chief executive officer now owns 487,451 shares in the company, valued at $1,398,984.37. The trade was a 11.43 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.92% of the company's stock.
Analyst Upgrades and Downgrades
HPP has been the topic of a number of research reports. Jefferies Financial Group dropped their price target on Hudson Pacific Properties from $3.70 to $3.00 and set a "hold" rating on the stock in a research note on Thursday, January 2nd. Mizuho dropped their target price 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. Finally, Piper Sandler reduced their price target on shares of Hudson Pacific Properties from $5.00 to $4.50 and set a "neutral" rating for the company in a research report on Friday, November 15th. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $5.08.
View Our Latest Report on Hudson Pacific Properties
Hudson Pacific Properties Stock Performance
NYSE HPP traded down $0.07 on Monday, reaching $3.07. 1,451,064 shares of the stock were exchanged, compared to its average volume of 2,945,968. 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 one year low of $2.39 and a one year high of $8.17. The firm has a market capitalization of $432.87 million, a PE ratio of -1.47 and a beta of 1.30. The company's 50-day simple moving average is $3.14 and its two-hundred day simple moving average is $4.20.
Hudson Pacific Properties Company Profile
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Free Report)
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.
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