Hudson Pacific Properties, Inc. (NYSE:HPP) Shares Purchased by Cwm LLC

Cwm LLC increased its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 3,660.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 15,944 shares of the real estate investment trust’s stock after acquiring an additional 15,520 shares during the period. Cwm LLC’s holdings in Hudson Pacific Properties were worth $47,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HPP. Balyasny Asset Management L.P. raised its position in shares of 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 valued at $30,464,000 after purchasing an additional 7,303,472 shares in the last quarter. Millennium Management LLC raised its position in shares of Hudson Pacific Properties by 303.5% in the 4th 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 in the last quarter. Marshall Wace LLP raised its position in shares of Hudson Pacific Properties by 853.2% in the 4th quarter. Marshall Wace LLP now owns 1,844,926 shares of the real estate investment trust’s stock valued at $5,590,000 after purchasing an additional 1,651,382 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Hudson Pacific Properties by 95.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,605,516 shares of the real estate investment trust’s stock valued at $7,895,000 after purchasing an additional 1,275,236 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Hudson Pacific Properties by 257.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,322,827 shares of the real estate investment trust’s stock valued at $4,008,000 after purchasing an additional 952,393 shares in the last quarter. 97.58% of the stock is owned by institutional investors and hedge funds.

Hudson Pacific Properties Trading Down 1.6%

Shares of Hudson Pacific Properties stock opened at $2.41 on Monday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.62. The firm has a market cap of $913.75 million, a price-to-earnings ratio of -0.88 and a beta of 1.59. The business has a fifty day simple moving average of $2.52 and a 200-day simple moving average of $2.63. Hudson Pacific Properties, Inc. has a fifty-two week low of $1.78 and a fifty-two week high of $5.69.

Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. Hudson Pacific Properties had a negative return on equity of 14.12% and a negative net margin of 47.56%. The business had revenue of $198.46 million during the quarter, compared to the consensus estimate of $199.95 million. On average, equities analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

Insider Transactions at Hudson Pacific Properties

In other news, EVP Arthur X. Suazo bought 22,421 shares of the company’s stock in a transaction on Thursday, June 12th. The shares were bought at an average cost of $2.23 per share, with a total value of $49,998.83. Following the transaction, the executive vice president directly owned 115,123 shares in the company, valued at approximately $256,724.29. This trade represents a 24.19% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ted R. Antenucci bought 89,686 shares of the company’s stock in a transaction on Thursday, June 12th. The stock was 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 owned 254,934 shares in the company, valued at approximately $568,502.82. The trade was a 54.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 1,139,007 shares of company stock worth $2,539,986. 3.92% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on HPP. Wells Fargo & Company cut their target price on Hudson Pacific Properties from $4.00 to $3.40 and set an “overweight” rating on the stock in a research report on Monday, May 19th. Piper Sandler set a $2.00 price target on Hudson Pacific Properties and gave the company a “neutral” rating in a report on Friday, May 23rd. Wedbush reiterated a “neutral” rating on shares of Hudson Pacific Properties in a report on Monday, May 5th. Morgan Stanley reiterated an “underweight” rating and issued a $1.75 price target on shares of Hudson Pacific Properties in a report on Tuesday, April 15th. Finally, BTIG Research lowered their price target on Hudson Pacific Properties from $8.00 to $4.75 and set a “buy” rating for the company in a report on Wednesday, June 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Hudson Pacific Properties presently has a consensus rating of “Hold” and an average price target of $3.22.

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.