Hudson Pacific Properties, Inc. (NYSE:HPP) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 23.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,537,002 shares of the real estate investment trust’s stock after selling 4,984,908 shares during the period. Vanguard Group Inc. owned 0.12% of Hudson Pacific Properties worth $50,107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of HPP. Xponance Inc. acquired a new stake in shares of Hudson Pacific Properties during the 4th quarter worth approximately $30,000. Opinicus Capital Inc. purchased a new position in Hudson Pacific Properties in the fourth quarter worth approximately $32,000. Cibc World Markets Corp acquired a new stake in Hudson Pacific Properties during the fourth quarter worth $39,000. Mutual Advisors LLC acquired a new stake in Hudson Pacific Properties during the fourth quarter worth $44,000. Finally, Sanctuary Advisors LLC purchased a new stake in Hudson Pacific Properties in the fourth quarter valued at $45,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Hudson Pacific Properties Stock Performance

NYSE:HPP opened at $2.17 on Friday. Hudson Pacific Properties, Inc. has a 52 week low of $2.00 and a 52 week high of $6.33. The company has a fifty day simple moving average of $2.87 and a two-hundred day simple moving average of $3.39. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. The company has a market cap of $306.17 million, a price-to-earnings ratio of -0.84 and a beta of 1.30.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $209.67 million during the quarter, compared to analysts’ expectations of $207.95 million. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. As a group, equities analysts anticipate that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HPP has been the subject of a number of recent analyst reports. Wells Fargo & Company raised Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 price objective for the company in a research report on Monday, March 10th. BMO Capital Markets raised shares of Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $4.00 to $5.00 in a research note on Friday, March 28th. Mizuho decreased their price objective on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Morgan Stanley dropped their target price on shares of Hudson Pacific Properties from $2.40 to $2.25 and set an “underweight” rating for the company in a report on Tuesday, March 18th. Finally, The Goldman Sachs Group decreased their price target on Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $3.43.

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.