Louisiana State Employees Retirement System Makes New Investment in Hudson Pacific Properties, Inc. (NYSE:HPP)

Louisiana State Employees Retirement System purchased a new position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 63,500 shares of the real estate investment trust’s stock, valued at approximately $591,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 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. Quantbot Technologies LP acquired a new stake in shares of Hudson Pacific Properties during the third quarter worth approximately $58,000. Optas LLC acquired a new stake in shares of Hudson Pacific Properties during the third quarter worth approximately $67,000. Sage Rhino Capital LLC acquired a new stake in shares of Hudson Pacific Properties during the third quarter worth approximately $67,000. Finally, Paces Ferry Wealth Advisors LLC acquired a new stake in shares of Hudson Pacific Properties during the third quarter worth approximately $71,000. Institutional investors own 97.58% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of Hudson Pacific Properties from a “hold” rating to a “buy” rating and raised their price objective for the stock from $6.00 to $12.00 in a report on Tuesday, January 2nd. BMO Capital Markets raised their price objective on shares of Hudson Pacific Properties from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, January 4th. 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. Piper Sandler lowered their price target 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. Finally, Wolfe Research raised shares of Hudson Pacific Properties from a “peer perform” rating to an “outperform” rating and set a $8.40 price target for the company in a report on Monday, March 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $9.05.

Insiders Place Their Bets

In other Hudson Pacific Properties news, Director Barry A. Sholem bought 40,000 shares of the stock in a transaction on Wednesday, February 21st. The stock was purchased at an average price of $6.69 per share, with a total value of $267,600.00. Following the acquisition, the director now owns 70,176 shares of the company’s stock, valued at $469,477.44. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other Hudson Pacific Properties news, Director Barry A. Sholem bought 40,000 shares of the stock in a transaction on Wednesday, February 21st. The stock was purchased at an average price of $6.69 per share, with a total value of $267,600.00. Following the acquisition, the director now owns 70,176 shares of the company’s stock, valued at $469,477.44. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CIO Drew Gordon sold 10,000 shares of Hudson Pacific Properties stock in a transaction 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 approximately $829,694.34. The disclosure for this sale can be found here. Company insiders own 2.95% of the company’s stock.

Hudson Pacific Properties Stock Performance

Shares of Hudson Pacific Properties stock opened at $5.72 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 $807.35 million, a P/E ratio of -4.18, a P/E/G ratio of 0.48 and a beta of 1.30. The firm has a 50 day simple moving average of $6.34 and a 200 day simple moving average of $6.86. 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 released its earnings results on Monday, February 12th. The real estate investment trust reported $0.15 EPS for the quarter, hitting 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 during the quarter, compared to analyst estimates of $223.93 million. During the same quarter in the previous year, the business earned $0.49 EPS. The business’s quarterly revenue was down 17.2% compared to the same quarter last year. 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 announced a — dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 18th were issued a dividend of $0.05 per share. The ex-dividend date was Friday, March 15th. Hudson Pacific Properties’s dividend payout ratio is presently -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.