Presima Securities ULC Has $7.59 Million Stake in Hudson Pacific Properties, Inc. (NYSE:HPP)

Presima Securities ULC grew its holdings in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 8.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,504,983 shares of the real estate investment trust's stock after purchasing an additional 185,699 shares during the quarter. Hudson Pacific Properties makes up approximately 1.9% of Presima Securities ULC's holdings, making the stock its 15th biggest holding. Presima Securities ULC owned about 1.77% of Hudson Pacific Properties worth $7,590,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HPP. Millennium Management LLC boosted its stake in Hudson Pacific Properties by 282.7% in the second quarter. Millennium Management LLC now owns 1,786,692 shares of the real estate investment trust's stock valued at $8,594,000 after acquiring an additional 1,319,869 shares during the last quarter. Scion Asset Management LLC acquired a new position in shares of Hudson Pacific Properties in the 2nd quarter valued at $5,505,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Hudson Pacific Properties by 450.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,066,056 shares of the real estate investment trust's stock worth $5,096,000 after purchasing an additional 872,538 shares during the last quarter. GSA Capital Partners LLP grew its stake 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 during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Hudson Pacific Properties by 13.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,209,577 shares of the real estate investment trust's stock valued at $24,902,000 after purchasing an additional 630,932 shares during the last quarter. Institutional investors and hedge funds own 97.58% of the company's stock.

Hudson Pacific Properties Stock Down 0.2 %

Shares of HPP stock traded down $0.01 during trading on Friday, reaching $3.16. The company's stock had a trading volume of 3,095,976 shares, compared to its average volume of 2,739,143. Hudson Pacific Properties, Inc. has a one year low of $2.39 and a one year high of $8.99. The business has a fifty day moving average price of $3.16 and a 200-day moving average price of $4.30. The company has a market cap of $445.58 million, a price-to-earnings ratio of -1.51 and a beta of 1.30. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HPP shares. Mizuho reduced their target price on Hudson Pacific Properties from $5.00 to $3.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Jefferies Financial Group reduced their price objective on shares of 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. Finally, Piper Sandler lowered their target price on shares of Hudson Pacific Properties from $5.00 to $4.50 and set a "neutral" rating for the company in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $5.08.

Insiders Place Their Bets

In related news, CEO Victor J. Coleman purchased 50,000 shares of the stock in a transaction on Wednesday, December 18th. The shares were purchased at an average price of $2.87 per share, with a total value of $143,500.00. Following the transaction, the chief executive officer now directly owns 487,451 shares of the company's stock, valued at $1,398,984.37. This trade represents a 11.43 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.95% of the company's stock.

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.