Advisors Asset Management Inc. Acquires New Position in Hudson Pacific Properties, Inc. $HPP

Advisors Asset Management Inc. acquired a new stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 211,584 shares of the real estate investment trust’s stock, valued at approximately $584,000. Advisors Asset Management Inc. owned approximately 0.06% of Hudson Pacific Properties at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Evergreen Capital Management LLC acquired a new position in shares of Hudson Pacific Properties during the 2nd quarter worth $28,000. Ethic Inc. bought a new position in Hudson Pacific Properties in the third quarter valued at about $28,000. Envestnet Portfolio Solutions Inc. bought a new position in Hudson Pacific Properties in the second quarter valued at about $29,000. Discipline Wealth Solutions LLC acquired a new position in Hudson Pacific Properties during the third quarter worth about $30,000. Finally, Gerber Kawasaki Wealth & Investment Management bought a new position in shares of Hudson Pacific Properties in the second quarter worth about $32,000. Institutional investors and hedge funds own 97.58% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on HPP. Zacks Research lowered shares of Hudson Pacific Properties from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Wells Fargo & Company set a $2.60 target price on shares of Hudson Pacific Properties in a research report on Tuesday, November 25th. The Goldman Sachs Group set a $14.50 target price on shares of Hudson Pacific Properties and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hudson Pacific Properties in a research note on Monday, December 29th. Finally, Piper Sandler set a $10.00 price objective on Hudson Pacific Properties in a research report on Tuesday, January 27th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $14.64.

Hudson Pacific Properties Stock Up 0.1%

Hudson Pacific Properties stock opened at $6.33 on Thursday. The firm has a market cap of $343.00 million, a price-to-earnings ratio of -0.37 and a beta of 1.49. Hudson Pacific Properties, Inc. has a 52-week low of $5.55 and a 52-week high of $23.52. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.78 and a current ratio of 1.78. The firm has a 50 day moving average price of $9.47 and a two-hundred day moving average price of $14.63.

Hudson Pacific Properties Profile

Hudson Pacific Properties (NYSE: HPP) is a self-managed real estate investment trust focused on the acquisition, development and management of high-quality office and studio properties. The company’s portfolio spans strategic West Coast markets in the United States and key markets in Canada, providing space for technology, media and creative companies as well as major film and television producers. As an owner and operator of both traditional office buildings and specialized production facilities, Hudson Pacific seeks to deliver stable income through long-term leases and strategic property enhancements.

In its office segment, Hudson Pacific targets markets with strong job growth and limited supply, including Los Angeles, Silicon Valley, San Diego and Seattle, as well as Vancouver, British Columbia.