Vanguard Group Inc. Sells 4,984,908 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP)

Vanguard Group Inc. decreased its stake in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 23.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,537,002 shares of the real estate investment trust's stock after selling 4,984,908 shares during the period. Vanguard Group Inc. owned 11.71% of Hudson Pacific Properties worth $50,107,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Xponance Inc. bought a new stake in Hudson Pacific Properties in the fourth quarter valued at $30,000. Stifel Financial Corp bought a new stake in Hudson Pacific Properties in the 3rd quarter valued at about $48,000. Opinicus Capital Inc. acquired a new position in Hudson Pacific Properties during the 4th quarter valued at about $32,000. Cibc World Markets Corp bought a new position in Hudson Pacific Properties in the 4th quarter worth about $39,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 97.58% of the company's stock.

Hudson Pacific Properties Stock Up 0.7 %

NYSE:HPP traded up $0.02 during trading hours on Thursday, hitting $2.26. 427,190 shares of the stock traded hands, compared to its average volume of 2,855,252. Hudson Pacific Properties, Inc. has a fifty-two week low of $2.00 and a fifty-two week high of $6.28. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47. The firm has a market cap of $318.75 million, a price-to-earnings ratio of -0.88 and a beta of 1.30. The firm has a 50 day moving average price of $2.82 and a 200 day moving average price of $3.35.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.11 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $209.67 million for the quarter, compared to the consensus estimate of $207.95 million. Equities research analysts anticipate that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Mizuho cut their target price on Hudson Pacific Properties from $5.00 to $3.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Wells Fargo & Company raised shares of Hudson Pacific Properties from an "equal weight" rating to an "overweight" rating and set a $4.00 price objective for the company in a report on Monday, March 10th. Jefferies Financial Group initiated coverage on shares of Hudson Pacific Properties in a research report on Monday, March 17th. They set a "hold" rating and a $2.70 price target on the stock. BMO Capital Markets upgraded shares of Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $4.00 to $5.00 in a report on Friday, March 28th. Finally, Morgan Stanley reissued an "underweight" rating and issued a $1.75 price objective on shares of Hudson Pacific Properties in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Hudson Pacific Properties presently has a consensus rating of "Hold" and a consensus target price of $3.26.

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.