Schonfeld Strategic Advisors LLC Acquires 51,874 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP)

Schonfeld Strategic Advisors LLC boosted its holdings in Hudson Pacific Properties, Inc. (NYSE:HPP) by 239.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 73,508 shares of the real estate investment trust’s stock after acquiring an additional 51,874 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Hudson Pacific Properties were worth $223,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Tudor Investment Corp ET AL grew its stake in shares of Hudson Pacific Properties by 10.5% in the fourth quarter. Tudor Investment Corp ET AL now owns 421,458 shares of the real estate investment trust’s stock worth $1,277,000 after acquiring an additional 39,936 shares during the period. Boothbay Fund Management LLC purchased a new stake in Hudson Pacific Properties in the fourth quarter worth approximately $40,000. Two Sigma Securities LLC bought a new stake in Hudson Pacific Properties in the 4th quarter worth approximately $44,000. Nebula Research & Development LLC raised its stake in Hudson Pacific Properties by 112.9% during the 4th quarter. Nebula Research & Development LLC now owns 284,926 shares of the real estate investment trust’s stock valued at $863,000 after buying an additional 151,084 shares during the last quarter. Finally, Voya Investment Management LLC lifted its holdings in shares of Hudson Pacific Properties by 27.2% during the 4th quarter. Voya Investment Management LLC now owns 1,077,473 shares of the real estate investment trust’s stock valued at $3,265,000 after buying an additional 230,727 shares during the period. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Wall Street Analyst Weigh In

HPP has been the subject of several research analyst reports. BMO Capital Markets raised Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $4.00 to $5.00 in a report on Friday, March 28th. Jefferies Financial Group began coverage on shares of Hudson Pacific Properties in a research report on Monday, March 17th. They set a “hold” rating and a $2.70 price target for the company. Scotiabank lowered their price objective on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 18th. BTIG Research set a $8.00 target price on shares of Hudson Pacific Properties and gave the company a “buy” rating in a research report on Tuesday, May 6th. Finally, The Goldman Sachs Group decreased their price target on shares of Hudson Pacific Properties from $3.40 to $2.30 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $3.63.

Hudson Pacific Properties Price Performance

NYSE HPP opened at $2.23 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47. Hudson Pacific Properties, Inc. has a 12 month low of $1.88 and a 12 month high of $6.29. The stock has a market cap of $315.30 million, a price-to-earnings ratio of -0.87 and a beta of 1.48. The company’s 50 day moving average is $2.51 and its two-hundred day moving average is $3.03.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $198.46 million for the quarter, compared to the consensus estimate of $199.95 million. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. As a group, research analysts anticipate 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.