Centersquare Investment Management LLC Sells 465,160 Shares of Hudson Pacific Properties, Inc. $HPP

Centersquare Investment Management LLC decreased its stake in Hudson Pacific Properties, Inc. (NYSE:HPP) by 14.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,855,185 shares of the real estate investment trust’s stock after selling 465,160 shares during the period. Centersquare Investment Management LLC owned about 0.75% of Hudson Pacific Properties worth $7,880,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HPP. Balyasny Asset Management L.P. grew its stake in shares of Hudson Pacific Properties by 122.4% during the second quarter. Balyasny Asset Management L.P. now owns 15,712,981 shares of the real estate investment trust’s stock worth $43,054,000 after buying an additional 8,646,463 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Hudson Pacific Properties by 357.1% during the 2nd quarter. Prudential Financial Inc. now owns 10,686,082 shares of the real estate investment trust’s stock valued at $29,280,000 after acquiring an additional 8,348,371 shares in the last quarter. Conversant Capital LLC grew its position in Hudson Pacific Properties by 293.6% during the 2nd quarter. Conversant Capital LLC now owns 10,700,000 shares of the real estate investment trust’s stock worth $29,318,000 after acquiring an additional 7,981,580 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Hudson Pacific Properties in the 2nd quarter worth about $21,422,000. Finally, Sei Investments Co. increased its holdings in Hudson Pacific Properties by 18,343.2% in the 2nd quarter. Sei Investments Co. now owns 5,571,688 shares of the real estate investment trust’s stock worth $15,266,000 after purchasing an additional 5,541,478 shares in the last quarter. Institutional investors and hedge funds own 97.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HPP shares. Weiss Ratings restated a “sell (d-)” rating on shares of Hudson Pacific Properties in a report on Monday, December 29th. Zacks Research downgraded shares of Hudson Pacific Properties from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. BTIG Research set a $26.00 price target on shares of Hudson Pacific Properties and gave the company a “buy” rating in a research report on Friday, January 2nd. BMO Capital Markets lowered shares of Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $16.00 to $11.00 in a report on Friday, January 9th. Finally, Wells Fargo & Company set a $2.60 price objective on shares of Hudson Pacific Properties in a research note on Tuesday, November 25th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $14.64.

Hudson Pacific Properties Stock Up 0.6%

Shares of NYSE HPP opened at $6.32 on Thursday. The company’s 50 day moving average price is $8.89 and its 200-day moving average price is $14.24. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.78 and a current ratio of 1.78. Hudson Pacific Properties, Inc. has a 52-week low of $5.55 and a 52-week high of $23.52. The company has a market capitalization of $342.73 million, a P/E ratio of -0.37 and a beta of 1.49.

About Hudson Pacific Properties

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.