Hudson Pacific Properties, Inc. (NYSE:HPP) Shares Purchased by Sei Investments Co.

Sei Investments Co. increased its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 134.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 29,979 shares of the real estate investment trust’s stock after acquiring an additional 17,212 shares during the period. Sei Investments Co.’s holdings in Hudson Pacific Properties were worth $91,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group began coverage on Hudson Pacific Properties in a research note on Monday, March 17th. They issued a “hold” rating and a $2.70 target price on the stock. The Goldman Sachs Group reduced their price objective on Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Mizuho dropped their price objective on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Wells Fargo & Company upgraded shares of Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 target price on the stock in a report on Monday, March 10th. Finally, BMO Capital Markets upgraded shares of Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $4.00 to $5.00 in a report on Friday, March 28th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $3.43.

Hudson Pacific Properties Stock Up 1.2 %

Shares of NYSE:HPP opened at $2.17 on Friday. Hudson Pacific Properties, Inc. has a 1 year low of $2.00 and a 1 year high of $6.33. The stock has a 50-day simple moving average of $2.87 and a 200-day simple moving average of $3.39. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $306.17 million, a P/E ratio of -0.84 and a beta of 1.30.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Equities analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current year.

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.