Hudson Pacific Properties, Inc. (NYSE:HPP) Shares Purchased by Sei Investments Co.

Sei Investments Co. grew its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 134.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,979 shares of the real estate investment trust’s stock after purchasing an additional 17,212 shares during the period. Sei Investments Co.’s holdings in Hudson Pacific Properties were worth $91,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Davis Selected Advisers grew its stake in Hudson Pacific Properties by 88.0% during the 4th quarter. Davis Selected Advisers now owns 2,280,963 shares of the real estate investment trust’s stock worth $6,911,000 after purchasing an additional 1,067,940 shares in the last quarter. Brown University acquired a new position in shares of Hudson Pacific Properties during the fourth quarter worth $1,832,000. Charles Schwab Investment Management Inc. increased its holdings in Hudson Pacific Properties by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,668,360 shares of the real estate investment trust’s stock valued at $17,175,000 after buying an additional 458,783 shares during the last quarter. Y Intercept Hong Kong Ltd raised its stake in Hudson Pacific Properties by 197.5% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 368,175 shares of the real estate investment trust’s stock valued at $1,116,000 after buying an additional 244,410 shares in the last quarter. Finally, Green Alpha Advisors LLC lifted its holdings in Hudson Pacific Properties by 77.7% during the 4th quarter. Green Alpha Advisors LLC now owns 521,592 shares of the real estate investment trust’s stock worth $1,580,000 after buying an additional 228,079 shares during the last quarter. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HPP has been the subject of several recent analyst reports. Scotiabank decreased their target price on Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 18th. Wells Fargo & Company raised shares of Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 price target for the company in a research report on Monday, March 10th. Piper Sandler dropped their price objective on Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating on the stock in a report on Monday, February 24th. BMO Capital Markets raised Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and upped their target price for the company from $4.00 to $5.00 in a research report on Friday, March 28th. Finally, Jefferies Financial Group started coverage on Hudson Pacific Properties in a research report on Monday, March 17th. They set a “hold” rating and a $2.70 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $3.43.

Hudson Pacific Properties Stock Up 1.2 %

Hudson Pacific Properties stock opened at $2.17 on Friday. The stock has a 50 day moving average of $2.87 and a two-hundred day moving average of $3.39. Hudson Pacific Properties, Inc. has a twelve month low of $2.00 and a twelve month high of $6.33. The stock has a market capitalization of $306.17 million, a price-to-earnings ratio of -0.84 and a beta of 1.30. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $209.67 million for the quarter, compared to analyst estimates of $207.95 million. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. As a group, research analysts expect that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current year.

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.