Nisa Investment Advisors LLC Acquires 86,028 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP)

Nisa Investment Advisors LLC boosted its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 101.6% in the fourth quarter, Holdings Channel reports. The firm owned 170,678 shares of the real estate investment trust’s stock after purchasing an additional 86,028 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Hudson Pacific Properties were worth $1,589,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors bought a new position in Hudson Pacific Properties during the second quarter worth about $33,000. Point72 Hong Kong Ltd bought a new position in Hudson Pacific Properties during the second quarter worth about $35,000. Financial Gravity Asset Management Inc. lifted its stake in Hudson Pacific Properties by 103,925.0% during 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 purchasing an additional 4,157 shares during the period. Point72 Middle East FZE bought a new position in Hudson Pacific Properties during the fourth quarter worth about $48,000. Finally, Group One Trading L.P. bought a new position in Hudson Pacific Properties during the first quarter worth about $149,000. Institutional investors own 97.58% of the company’s stock.

Insider Buying and Selling at Hudson Pacific Properties

In other Hudson Pacific Properties news, CIO Drew Gordon sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $7.11, for a total value of $71,100.00. Following the transaction, 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 SEC, which is available through this hyperlink. In other Hudson Pacific Properties news, Director Barry A. Sholem bought 40,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was purchased at an average cost of $6.69 per share, with a total value of $267,600.00. Following the completion of the purchase, the director now owns 70,176 shares in the company, valued at $469,477.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CIO Drew Gordon sold 10,000 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $7.11, for a total value of $71,100.00. Following the completion of the sale, the executive now owns 116,694 shares of the company’s stock, valued at $829,694.34. The disclosure for this sale can be found here. Insiders own 2.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HPP shares. The Goldman Sachs Group raised their price objective on shares of Hudson Pacific Properties from $7.10 to $10.60 and gave the stock a “neutral” rating in a report on Thursday, January 11th. Piper Sandler dropped their price objective on shares of Hudson Pacific Properties from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. BTIG Research raised their price objective on shares of Hudson Pacific Properties from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, December 29th. Wolfe Research raised shares of Hudson Pacific Properties from a “peer perform” rating to an “outperform” rating and set a $8.40 price objective for the company in a report on Monday, March 18th. Finally, Wedbush lowered shares of Hudson Pacific Properties from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $11.00 to $7.50 in a report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Hudson Pacific Properties currently has an average rating of “Hold” and a consensus target price of $9.05.

Hudson Pacific Properties Stock Performance

Shares of Hudson Pacific Properties stock opened at $6.12 on Monday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a market cap 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 firm has a 50 day simple moving average of $6.66 and a 200 day simple moving average of $6.89. Hudson Pacific Properties, Inc. has a fifty-two week low of $4.05 and a fifty-two 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 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. Hudson Pacific Properties had a negative net margin of 19.20% and a negative return on equity of 5.74%. The firm had revenue of $223.42 million for the quarter, compared to analysts’ expectations of $223.93 million. During the same period last year, the firm earned $0.49 earnings per share. The business’s revenue for the quarter was down 17.2% on a year-over-year basis. Sell-side analysts predict that Hudson Pacific Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

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 $0.05 dividend. The ex-dividend date was Friday, March 15th. Hudson Pacific Properties’s payout ratio is presently -14.60%.

About Hudson Pacific Properties

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.