Alliancebernstein L.P. Sells 68,893 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP)

Alliancebernstein L.P. lowered its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 35.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,474 shares of the real estate investment trust’s stock after selling 68,893 shares during the period. Alliancebernstein L.P. owned about 0.09% of Hudson Pacific Properties worth $374,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HPP. Xponance Inc. purchased a new position in Hudson Pacific Properties during the 4th quarter valued at about $30,000. Opinicus Capital Inc. bought a new stake in shares of Hudson Pacific Properties in the 4th quarter worth approximately $32,000. Cibc World Markets Corp purchased a new position in shares of Hudson Pacific Properties during the fourth quarter valued at approximately $39,000. Mutual Advisors LLC bought a new position in shares of Hudson Pacific Properties during the fourth quarter valued at approximately $44,000. Finally, Sanctuary Advisors LLC purchased a new stake in Hudson Pacific Properties in the fourth quarter worth $45,000. Institutional investors own 97.58% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. BMO Capital Markets upgraded shares of Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $4.00 to $5.00 in a report on Friday, March 28th. Piper Sandler lowered their price objective on shares of Hudson Pacific Properties from $3.50 to $2.50 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Scotiabank cut their price objective on Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 18th. Jefferies Financial Group started coverage on Hudson Pacific Properties in a research report on Monday, March 17th. They issued a “hold” rating and a $2.70 target price for the company. Finally, Mizuho dropped their price target on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Hudson Pacific Properties has an average rating of “Hold” and a consensus target price of $3.26.

Hudson Pacific Properties Stock Up 2.0 %

NYSE:HPP opened at $2.29 on Monday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $322.99 million, a P/E ratio of -0.89 and a beta of 1.30. Hudson Pacific Properties, Inc. has a fifty-two week low of $2.00 and a fifty-two week high of $6.29. The firm has a 50-day simple moving average of $2.79 and a two-hundred day simple moving average of $3.30.

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

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.