HUDSON PACIFIC PROPERTIES INC (HPP)

Natixis Advisors L.P. Grows Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

Natixis Advisors L.P. raised its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP – Free Report) by 9.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 33,247 shares of the real estate investment trust’s stock after purchasing an additional 2,852 shares during the period. Natixis Advisors L.P.’s holdings in Hudson Pacific Properties were worth $309,000 at the end of the most recent reporting period. Other large investors have also modified their holdings of the company. Financial Gravity Asset Management Inc. raised its stake in Hudson Pacific Properties by 103,925.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 4,161 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 4,157 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Hudson Pacific Properties in the 3rd quarter worth $58,000. Paces Ferry Wealth Advisors LLC purchased a new stake in shares of Hudson Pacific Properties during the 3rd quarter worth $71,000. Spirit of America Management Corp NY bought a new stake in Hudson Pacific Properties during the fourth quarter valued at about $102,000. Finally, GAMMA Investing LLC purchased a new position in Hudson Pacific Properties in the fourth quarter valued at about $102,000. Institutional investors own 97.58% of the company’s stock. Wall Street Analysts Forecast Growth Several research firms have commented on HPP. Piper Sandler reissued an “overweight” rating and set a $7.00 price target (down from $9.00) on shares of Hudson Pacific Properties in a research report on Friday, May 3rd. Morgan Stanley cut their price target on shares of Hudson Pacific Properties from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Thursday, March 28th. Wedbush lowered Hudson Pacific Properties from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $11.00 to $7.50 in a report on Tuesday, February 20th. Wolfe Research upgraded Hudson Pacific Properties from a “peer perform” rating to an “outperform” rating and set a $8.40 target price on the stock in a research note on Monday, March 18th. Finally, The Goldman Sachs Group decreased their price target on Hudson Pacific Properties from $9.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $8.49. Get Our Latest Stock Report on HPP Insider Buying and Selling at Hudson Pacific Properties In other Hudson Pacific Properties news, Director Barry A. Sholem acquired 40,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were purchased at an average price of $6.69 per share, for a total transaction of $267,600.00. Following the completion of the purchase, the director now directly owns 70,176 shares of the company’s stock, valued at $469,477.44. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.95% of the company’s stock. Hudson Pacific Properties Trading Down 4.6 % Shares of NYSE:HPP opened at $5.36 on Monday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.38. Hudson Pacific Properties, Inc. has a 52-week low of $4.05 and a 52-week high of $9.85. The stock has a market cap of $756.56 million, a price-to-earnings ratio of -3.35, a PEG ratio of 0.51 and a beta of 1.31. The business has a 50-day moving average price of $6.02 and a 200-day moving average price of $6.92. Hudson Pacific Properties Dividend Announcement The firm also recently disclosed a — dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 18th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, March 15th. Hudson Pacific Properties’s payout ratio is -12.50%. Hudson Pacific Properties Company Profile (Free Report) 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. 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