Hudson Pacific Properties, Inc. (NYSE:HPP) Stake Lowered by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 92.1% during the 4th quarter, HoldingsChannel reports. The fund owned 17,930 shares of the real estate investment trust’s stock after selling 209,197 shares during the period. SG Americas Securities LLC’s holdings in Hudson Pacific Properties were worth $167,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HPP. Financial Gravity Asset Management Inc. lifted its stake in shares of Hudson Pacific Properties by 103,925.0% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 4,161 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 4,157 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of Hudson Pacific Properties in the 2nd quarter valued at $33,000. Point72 Hong Kong Ltd acquired a new stake in shares of Hudson Pacific Properties in the 2nd quarter valued at $35,000. Cape Cod Five Cents Savings Bank acquired a new stake in shares of Hudson Pacific Properties in the 2nd quarter valued at $44,000. Finally, Point72 Middle East FZE acquired a new stake in shares of Hudson Pacific Properties in the 4th quarter valued at $48,000. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Hudson Pacific Properties

In other Hudson Pacific Properties news, Director Barry A. Sholem bought 40,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired at an average price of $6.69 per share, with a total value of $267,600.00. Following the completion of the purchase, the director now directly owns 70,176 shares in the company, valued at approximately $469,477.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Hudson Pacific Properties news, CIO Drew Gordon sold 10,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Barry A. Sholem acquired 40,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were purchased at an average cost 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 approximately $469,477.44. The disclosure for this purchase can be found here. 2.95% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HPP has been the subject of several analyst reports. Morgan Stanley reduced their price objective on shares of Hudson Pacific Properties from $7.00 to $6.00 and set an “equal weight” rating for the company in a research note on Thursday, March 28th. BTIG Research boosted their target price on shares of Hudson Pacific Properties from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, December 29th. Piper Sandler cut their target price on shares of Hudson Pacific Properties from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Jefferies Financial Group raised shares of Hudson Pacific Properties from a “hold” rating to a “buy” rating and boosted their target price for the stock from $6.00 to $12.00 in a research report on Tuesday, January 2nd. Finally, The Goldman Sachs Group boosted their target price on shares of Hudson Pacific Properties from $7.10 to $10.60 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $9.05.

Hudson Pacific Properties Stock Down 3.3 %

Shares of HPP opened at $6.12 on Monday. The company has a 50-day simple moving average of $6.66 and a 200-day simple moving average of $6.89. The firm has a market capitalization of $863.81 million, a P/E ratio of -4.47, a P/E/G ratio of 0.52 and a beta of 1.30. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.79 and a current ratio of 1.79. 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 announced its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The business had revenue of $223.42 million during the quarter, compared to analyst estimates of $223.93 million. Hudson Pacific Properties had a negative net margin of 19.20% and a negative return on equity of 5.74%. The firm’s revenue for the quarter was down 17.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share. On average, equities research analysts expect that Hudson Pacific Properties, Inc. will post 1.05 earnings per share for the current year.

Hudson Pacific Properties Announces Dividend

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

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.