GAMMA Investing LLC Takes Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

GAMMA Investing LLC bought a new stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,002 shares of the real estate investment trust’s stock, valued at approximately $102,000.

Other institutional investors have also recently modified their holdings of the company. abrdn plc lifted its position in shares of Hudson Pacific Properties by 3,569.3% during the 3rd quarter. abrdn plc now owns 1,006,648 shares of the real estate investment trust’s stock valued at $6,694,000 after acquiring an additional 979,214 shares during the period. Jennison Associates LLC bought a new stake in shares of Hudson Pacific Properties during the 3rd quarter valued at $820,000. FMR LLC lifted its position in shares of Hudson Pacific Properties by 6,191.3% during the 3rd quarter. FMR LLC now owns 5,393,766 shares of the real estate investment trust’s stock valued at $35,869,000 after acquiring an additional 5,308,032 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Hudson Pacific Properties by 238.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 130,942 shares of the real estate investment trust’s stock valued at $880,000 after acquiring an additional 92,304 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Hudson Pacific Properties during the 3rd quarter valued at $7,315,000. 97.58% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Barry A. Sholem purchased 40,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was bought 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 owns 70,176 shares in the company, valued at approximately $469,477.44. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Barry A. Sholem purchased 40,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was bought 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 owns 70,176 shares in the company, valued at approximately $469,477.44. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CIO Drew Gordon sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $7.11, for a total value of $71,100.00. Following the sale, the executive now directly owns 116,694 shares of the company’s stock, valued at approximately $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

HPP has been the subject of several recent analyst reports. Piper Sandler dropped their price objective on 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. BMO Capital Markets upped their price objective on Hudson Pacific Properties from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, January 4th. Jefferies Financial Group upgraded Hudson Pacific Properties from a “hold” rating to a “buy” rating and upped their price objective for the stock from $6.00 to $12.00 in a research report on Tuesday, January 2nd. Morgan Stanley dropped their price objective on Hudson Pacific Properties from $7.00 to $6.00 and set an “equal weight” rating for the company in a research report on Thursday, March 28th. Finally, The Goldman Sachs Group upped their price objective on 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 research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $9.05.

Hudson Pacific Properties Price Performance

Shares of HPP opened at $5.72 on Monday. Hudson Pacific Properties, Inc. has a 12-month low of $4.05 and a 12-month high of $9.85. The business has a 50-day simple moving average of $6.34 and a two-hundred day simple moving average of $6.86. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.31. The stock has a market cap of $807.35 million, a PE ratio of -4.18, a PEG ratio of 0.48 and a beta of 1.30.

Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Monday, February 12th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The business had revenue of $223.42 million during the quarter, compared to analysts’ expectations of $223.93 million. Hudson Pacific Properties had a negative return on equity of 5.74% and a negative net margin of 19.20%. The business’s revenue for the quarter was down 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 EPS. Analysts anticipate that Hudson Pacific Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Hudson Pacific Properties Announces Dividend

The business also recently declared a — dividend, which was paid on Thursday, March 28th. Stockholders 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 -14.60%.

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.