OVERSEA CHINESE BANKING Corp Ltd Takes Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 278,693 shares of the real estate investment trust's stock, valued at approximately $1,332,000. OVERSEA CHINESE BANKING Corp Ltd owned 0.20% of Hudson Pacific Properties at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Millennium Management LLC boosted its holdings in Hudson Pacific Properties by 282.7% in the 2nd quarter. Millennium Management LLC now owns 1,786,692 shares of the real estate investment trust's stock worth $8,594,000 after buying an additional 1,319,869 shares during the period. Scion Asset Management LLC bought a new position in shares of Hudson Pacific Properties in the second quarter worth about $5,505,000. GSA Capital Partners LLP grew its position in shares of Hudson Pacific Properties by 1,822.5% during the third quarter. GSA Capital Partners LLP now owns 760,086 shares of the real estate investment trust's stock worth $3,633,000 after purchasing an additional 720,549 shares in the last quarter. Davis Selected Advisers raised its stake in Hudson Pacific Properties by 78.0% during the 2nd quarter. Davis Selected Advisers now owns 1,224,493 shares of the real estate investment trust's stock valued at $5,890,000 after purchasing an additional 536,540 shares during the period. Finally, Kennedy Capital Management LLC lifted its holdings in Hudson Pacific Properties by 50.6% in the 1st quarter. Kennedy Capital Management LLC now owns 1,240,292 shares of the real estate investment trust's stock worth $8,000,000 after purchasing an additional 416,591 shares in the last quarter. 97.58% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hudson Pacific Properties

In related news, COO Andy Wattula sold 9,356 shares of the company's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $5.28, for a total transaction of $49,399.68. Following the transaction, the chief operating officer now directly owns 61,068 shares in the company, valued at approximately $322,439.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Hudson Pacific Properties news, Director Jonathan M. Glaser sold 9,287 shares of the business's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $5.20, for a total value of $48,292.40. Following the completion of the sale, the director now directly owns 3,713 shares of the company's stock, valued at $19,307.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Andy Wattula sold 9,356 shares of the company's stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $5.28, for a total transaction of $49,399.68. Following the completion of the transaction, the chief operating officer now owns 61,068 shares in the company, valued at $322,439.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.95% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HPP. Jefferies Financial Group lowered shares of Hudson Pacific Properties from a "buy" rating to a "hold" rating and cut their price objective for the company from $5.50 to $5.00 in a report on Tuesday. The Goldman Sachs Group reduced their price target on shares of Hudson Pacific Properties from $6.50 to $4.70 and set a "neutral" rating on the stock in a report on Wednesday, August 14th. Piper Sandler lowered Hudson Pacific Properties from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $7.00 to $6.00 in a research report on Thursday, August 8th. Bank of America reduced 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 cut their price target on Hudson Pacific Properties from $5.00 to $4.50 and set an "equal weight" rating for the company in a report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $6.30.

Hudson Pacific Properties Trading Up 4.6 %

Shares of NYSE HPP traded up $0.18 during trading hours on Wednesday, hitting $4.23. 4,956,590 shares of the company traded hands, compared to its average volume of 2,391,488. The company's 50 day moving average price is $4.66 and its 200 day moving average price is $4.97. Hudson Pacific Properties, Inc. has a 12 month low of $4.04 and a 12 month high of $9.85. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.47 and a current ratio of 1.47.

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.