Nisa Investment Advisors LLC Sells 7,078 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP)

Nisa Investment Advisors LLC lessened its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 18.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,719 shares of the real estate investment trust’s stock after selling 7,078 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Hudson Pacific Properties were worth $94,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Balyasny Asset Management L.P. raised its holdings in Hudson Pacific Properties by 265.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 10,054,067 shares of the real estate investment trust’s stock worth $30,464,000 after acquiring an additional 7,303,472 shares during the period. Millennium Management LLC grew its position in shares of Hudson Pacific Properties by 303.5% in the fourth quarter. Millennium Management LLC now owns 7,384,275 shares of the real estate investment trust’s stock valued at $22,374,000 after purchasing an additional 5,554,444 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of 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 worth $17,175,000 after purchasing an additional 458,783 shares during the period. Legal & General Group Plc increased its stake in shares of Hudson Pacific Properties by 0.5% in the fourth quarter. Legal & General Group Plc now owns 4,008,936 shares of the real estate investment trust’s stock worth $12,147,000 after purchasing an additional 21,320 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Hudson Pacific Properties by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 3,488,285 shares of the real estate investment trust’s stock worth $10,572,000 after purchasing an additional 61,868 shares during the last quarter. Institutional investors own 97.58% of the company’s stock.

Analyst Upgrades and Downgrades

HPP has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their target price on Hudson Pacific Properties from $4.00 to $3.40 and set an “overweight” rating on the stock in a report on Monday, May 19th. Odeon Capital Group began coverage on shares of Hudson Pacific Properties in a research note on Monday, June 16th. They issued a “buy” rating and a $5.00 price objective on the stock. Morgan Stanley reaffirmed an “underweight” rating and set a $1.75 target price on shares of Hudson Pacific Properties in a research report on Tuesday, April 15th. BMO Capital Markets reduced their price target on shares of Hudson Pacific Properties from $4.00 to $3.50 and set an “outperform” rating for the company in a report on Friday, June 13th. Finally, BTIG Research dropped their price objective on shares of Hudson Pacific Properties from $8.00 to $4.75 and set a “buy” rating on the stock in a report on Wednesday, June 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Hudson Pacific Properties has an average rating of “Hold” and a consensus target price of $3.22.

Hudson Pacific Properties Price Performance

NYSE:HPP opened at $2.56 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.79 and a current ratio of 1.79. The company has a 50-day moving average of $2.44 and a 200-day moving average of $2.65. Hudson Pacific Properties, Inc. has a 52 week low of $1.78 and a 52 week high of $6.29. The company has a market capitalization of $361.96 million, a price-to-earnings ratio of -0.94 and a beta of 1.56.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The firm had revenue of $198.46 million during the quarter, compared to analyst estimates of $199.95 million. Hudson Pacific Properties had a negative net margin of 47.56% and a negative return on equity of 14.12%. As a group, equities research analysts anticipate that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Hudson Pacific Properties

In related news, Director Ted R. Antenucci purchased 89,686 shares of the stock in a transaction on Thursday, June 12th. The shares were purchased at an average cost of $2.23 per share, for a total transaction of $199,999.78. Following the completion of the transaction, the director directly owned 254,934 shares of the company’s stock, valued at approximately $568,502.82. The trade was a 54.27% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barry A. Sholem bought 224,215 shares of Hudson Pacific Properties stock in a transaction dated Thursday, June 12th. The stock was purchased at an average price of $2.23 per share, for a total transaction of $499,999.45. Following the purchase, the director directly owned 400,743 shares in the company, valued at $893,656.89. This represents a 127.01% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 1,139,007 shares of company stock worth $2,539,986 over the last three months. 4.92% of the stock is currently owned by insiders.

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.