Rhumbline Advisers Sells 209,694 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP)

Rhumbline Advisers trimmed its holdings in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 46.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 243,753 shares of the real estate investment trust's stock after selling 209,694 shares during the period. Rhumbline Advisers owned about 0.17% of Hudson Pacific Properties worth $739,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of Hudson Pacific Properties by 13.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,209,577 shares of the real estate investment trust's stock worth $24,902,000 after acquiring an additional 630,932 shares in the last quarter. Geode Capital Management LLC increased its holdings in Hudson Pacific Properties by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,426,417 shares of the real estate investment trust's stock worth $16,381,000 after purchasing an additional 154,101 shares in the last quarter. Presima Securities ULC raised its stake 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 valued at $7,590,000 after purchasing an additional 185,699 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 valued at $5,096,000 after purchasing an additional 872,538 shares during the period. Finally, GSA Capital Partners LLP lifted its holdings in shares of Hudson Pacific Properties by 1,822.5% in the third quarter. GSA Capital Partners LLP now owns 760,086 shares of the real estate investment trust's stock valued at $3,633,000 after purchasing an additional 720,549 shares in the last quarter. 97.58% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on HPP shares. Piper Sandler dropped their target price on Hudson Pacific Properties from $4.50 to $3.50 and set a "neutral" rating on the stock in a research report on Monday, February 24th. Wells Fargo & Company upgraded shares of Hudson Pacific Properties from an "equal weight" rating to an "overweight" rating and set a $4.00 price objective on the stock in a report on Monday. Mizuho reduced their target price on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. The Goldman Sachs Group lowered their price target on shares of Hudson Pacific Properties from $3.90 to $3.40 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Finally, Scotiabank reduced their price objective on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating for the company in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $4.26.

Hudson Pacific Properties Stock Performance

Shares of HPP stock traded down $0.29 on Monday, reaching $2.87. The stock had a trading volume of 2,880,846 shares, compared to its average volume of 2,683,403. Hudson Pacific Properties, Inc. has a 12 month low of $2.39 and a 12 month high of $6.96. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $404.98 million, a price-to-earnings ratio of -1.11 and a beta of 1.31. The firm's 50-day moving average is $3.01 and its two-hundred day moving average is $3.82.

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

Insiders Place Their Bets

In related news, CEO Victor J. Coleman bought 50,000 shares of the business's stock in a transaction dated Wednesday, December 18th. The stock was bought at an average price of $2.87 per share, for a total transaction of $143,500.00. Following the purchase, the chief executive officer now owns 487,451 shares in the company, valued at $1,398,984.37. This represents a 11.43 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.95% of the company's stock.

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.