144,000 Shares in Hudson Pacific Properties, Inc. (NYSE:HPP) Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA purchased a new position in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 144,000 shares of the real estate investment trust's stock, valued at approximately $436,000. Union Bancaire Privee UBP SA owned approximately 0.10% of Hudson Pacific Properties at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Blue Trust Inc. increased its position in shares of Hudson Pacific Properties by 549.1% during the third quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 5,013 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Hudson Pacific Properties by 6.9% in the 3rd quarter. Louisiana State Employees Retirement System now owns 68,200 shares of the real estate investment trust's stock worth $326,000 after purchasing an additional 4,400 shares during the period. State of Alaska Department of Revenue increased its holdings in Hudson Pacific Properties by 3.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 145,331 shares of the real estate investment trust's stock worth $692,000 after purchasing an additional 5,398 shares in the last quarter. abrdn plc raised its stake in shares of Hudson Pacific Properties by 10.5% in the 3rd quarter. abrdn plc now owns 28,406 shares of the real estate investment trust's stock valued at $136,000 after purchasing an additional 2,710 shares during the period. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of Hudson Pacific Properties in the third quarter valued at about $223,000. Institutional investors and hedge funds own 97.58% of the company's stock.

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Hudson Pacific Properties Price Performance

NYSE HPP remained flat at $3.29 on Friday. 3,586,086 shares of the company's stock traded hands, compared to its average volume of 2,798,518. The stock has a market capitalization of $464.65 million, a P/E ratio of -1.28 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. The business has a 50 day simple moving average of $2.99 and a two-hundred day simple moving average of $3.90. Hudson Pacific Properties, Inc. has a 1 year low of $2.39 and a 1 year high of $7.20.

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 for the quarter, topping the consensus estimate of $0.10 by $0.01. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. The company had revenue of $209.67 million for the quarter, compared to analyst estimates of $207.95 million. Analysts predict that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

Insider Buying and Selling at Hudson Pacific Properties

In other Hudson Pacific Properties news, CEO Victor J. Coleman bought 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average cost of $2.87 per share, with a total value of $143,500.00. Following the acquisition, the chief executive officer now owns 487,451 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.92% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HPP shares. The Goldman Sachs Group decreased their price objective on Hudson Pacific Properties from $3.90 to $3.40 and set a "neutral" rating for the company in a report on Tuesday. Piper Sandler decreased their price target on shares of Hudson Pacific Properties from $4.50 to $3.50 and set a "neutral" rating for the company in a research note on Monday. Jefferies Financial Group cut 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 report on Thursday, January 2nd. 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. Finally, Scotiabank lowered their price target on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating on the stock in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $4.31.

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.