Invesco Ltd. Has $830,000 Stock Holdings in Hudson Pacific Properties, Inc. (NYSE:HPP)

Invesco Ltd. lowered its stake in Hudson Pacific Properties, Inc. (NYSE:HPP) by 68.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 274,083 shares of the real estate investment trust’s stock after selling 586,358 shares during the quarter. Invesco Ltd. owned approximately 0.19% of Hudson Pacific Properties worth $830,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Envestnet Asset Management Inc. increased its position in shares of Hudson Pacific Properties by 15.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 65,672 shares of the real estate investment trust’s stock worth $199,000 after purchasing an additional 8,775 shares during the last quarter. Xponance Inc. bought a new position in shares of Hudson Pacific Properties in the fourth quarter valued at $30,000. Opinicus Capital Inc. bought a new stake in Hudson Pacific Properties during the fourth quarter worth $32,000. Cibc World Markets Corp acquired a new stake in Hudson Pacific Properties in the fourth quarter valued at $39,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Hudson Pacific Properties in the 4th quarter valued at about $45,000. Institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Price Performance

Shares of Hudson Pacific Properties stock opened at $2.24 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $316.72 million, a price-to-earnings ratio of -0.87 and a beta of 1.30. Hudson Pacific Properties, Inc. has a twelve month low of $1.88 and a twelve month high of $6.29. The company has a 50-day simple moving average of $2.63 and a two-hundred day simple moving average of $3.16.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results 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. 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 the consensus estimate of $207.95 million. Analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Piper Sandler cut their target price on shares of Hudson Pacific Properties from $3.50 to $2.50 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Jefferies Financial Group began coverage on Hudson Pacific Properties in a research note on Monday, March 17th. They set a “hold” rating and a $2.70 target price for the company. Wells Fargo & Company upgraded Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 price target on the stock in a research note on Monday, March 10th. The Goldman Sachs Group dropped their price objective on shares of Hudson Pacific Properties from $3.40 to $2.30 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $1.75 target price on shares of Hudson Pacific Properties in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Hudson Pacific Properties presently has a consensus rating of “Hold” and a consensus price target of $3.14.

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.