ProShare Advisors LLC Has $117,000 Stake in Hudson Pacific Properties, Inc. (NYSE:HPP)

ProShare Advisors LLC raised its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 34.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,521 shares of the real estate investment trust’s stock after purchasing an additional 9,905 shares during the quarter. ProShare Advisors LLC’s holdings in Hudson Pacific Properties were worth $117,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. GeoWealth Management LLC acquired a new position in Hudson Pacific Properties during the fourth quarter valued at $27,000. Xponance Inc. purchased a new position in Hudson Pacific Properties during the 4th quarter valued at about $30,000. Opinicus Capital Inc. acquired a new position in shares of Hudson Pacific Properties in the 4th quarter valued at about $32,000. Cibc World Markets Corp purchased a new stake in shares of Hudson Pacific Properties in the fourth quarter worth approximately $39,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Hudson Pacific Properties during the fourth quarter worth approximately $40,000. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Trading Up 0.8%

NYSE:HPP opened at $1.88 on Tuesday. The company’s 50 day moving average is $2.25 and its 200-day moving average is $2.80. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. Hudson Pacific Properties, Inc. has a 12 month low of $1.78 and a 12 month high of $6.29. The firm has a market cap of $265.11 million, a price-to-earnings ratio of -0.73 and a beta of 1.48.

Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $198.46 million during the quarter, compared to the consensus estimate of $199.95 million. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. Equities analysts anticipate that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HPP shares. 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 company from $4.00 to $5.00 in a research note on Friday, March 28th. The Goldman Sachs Group dropped their price target on shares of Hudson Pacific Properties from $3.40 to $2.30 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. BTIG Research set a $8.00 price objective on Hudson Pacific Properties and gave the stock a “buy” rating in a report on Tuesday, May 6th. Morgan Stanley reissued an “underweight” rating and set a $1.75 price objective on shares of Hudson Pacific Properties in a research report on Tuesday, April 15th. Finally, Wedbush restated a “neutral” rating on shares of Hudson Pacific Properties in a research note on Monday, May 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Hudson Pacific Properties currently has an average rating of “Hold” and an average target price of $3.52.

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.