Asset Management One Co. Ltd. Has $1.84 Million Stock Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

Asset Management One Co. Ltd. boosted its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 194,417 shares of the real estate investment trust’s stock after purchasing an additional 3,460 shares during the period. Asset Management One Co. Ltd.’s holdings in Hudson Pacific Properties were worth $1,841,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. abrdn plc boosted its position in Hudson Pacific Properties by 3,569.3% during the third quarter. abrdn plc now owns 1,006,648 shares of the real estate investment trust’s stock valued at $6,694,000 after purchasing an additional 979,214 shares during the last quarter. Jennison Associates LLC bought a new position in Hudson Pacific Properties during the third quarter valued at about $820,000. FMR LLC raised its holdings in Hudson Pacific Properties by 6,191.3% during the third quarter. FMR LLC now owns 5,393,766 shares of the real estate investment trust’s stock valued at $35,869,000 after buying an additional 5,308,032 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Hudson Pacific Properties by 238.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 130,942 shares of the real estate investment trust’s stock valued at $880,000 after buying an additional 92,304 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Hudson Pacific Properties during the third quarter valued at about $7,315,000. Institutional investors and hedge funds own 97.58% of the company’s stock.

Hudson Pacific Properties Trading Down 3.1 %

Hudson Pacific Properties stock opened at $6.14 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.79 and a current ratio of 1.79. The business’s 50-day simple moving average is $6.66 and its 200-day simple moving average is $6.89. The firm has a market capitalization of $865.96 million, a PE ratio of -4.48, a PEG ratio of 0.51 and a beta of 1.30. Hudson Pacific Properties, Inc. has a 52 week low of $4.05 and a 52 week high of $9.85.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. Hudson Pacific Properties had a negative return on equity of 5.74% and a negative net margin of 19.20%. The firm had revenue of $223.42 million for the quarter, compared to analyst estimates of $223.93 million. During the same period in the previous year, the company posted $0.49 earnings per share. The company’s quarterly revenue was down 17.2% compared to the same quarter last year. Equities research analysts forecast that Hudson Pacific Properties, Inc. will post 1.05 earnings per share for the current year.

Hudson Pacific Properties Announces Dividend

The company also recently declared a — dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 18th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, March 15th. Hudson Pacific Properties’s dividend payout ratio is -14.60%.

Analysts Set New Price Targets

Several equities analysts have weighed in on HPP shares. BMO Capital Markets raised their target price on Hudson Pacific Properties from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Thursday, January 4th. BTIG Research raised their target price on Hudson Pacific Properties from $11.00 to $13.00 and gave the company a “buy” rating in a report on Friday, December 29th. Piper Sandler cut their target price on Hudson Pacific Properties from $11.00 to $9.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Jefferies Financial Group upgraded Hudson Pacific Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $6.00 to $12.00 in a report on Tuesday, January 2nd. Finally, Wolfe Research upgraded Hudson Pacific Properties from a “peer perform” rating to an “outperform” rating and set a $8.40 price objective on the stock in a research note on Monday, March 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $9.05.

Insider Activity at Hudson Pacific Properties

In related news, CIO Drew Gordon sold 10,000 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $7.11, for a total transaction of $71,100.00. Following the transaction, the executive now directly owns 116,694 shares in the company, valued at $829,694.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Hudson Pacific Properties news, CIO Drew Gordon sold 10,000 shares of Hudson Pacific Properties stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $7.11, for a total transaction of $71,100.00. Following the sale, the executive now directly owns 116,694 shares of the company’s stock, valued at $829,694.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barry A. Sholem acquired 40,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were bought at an average cost of $6.69 per share, for a total transaction of $267,600.00. Following the completion of the acquisition, the director now directly owns 70,176 shares of the company’s stock, valued at approximately $469,477.44. The disclosure for this purchase can be found here. Corporate 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.