Opinicus Capital Inc. Makes New $32,000 Investment in Hudson Pacific Properties, Inc. (NYSE:HPP)

Opinicus Capital Inc. acquired a new stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,492 shares of the real estate investment trust’s stock, valued at approximately $32,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Squarepoint Ops LLC grew its holdings in Hudson Pacific Properties by 168.5% during the second quarter. Squarepoint Ops LLC now owns 71,299 shares of the real estate investment trust’s stock valued at $343,000 after purchasing an additional 44,740 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Hudson Pacific Properties by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 83,572 shares of the real estate investment trust’s stock worth $402,000 after acquiring an additional 2,408 shares in the last quarter. Inspire Investing LLC increased its holdings in Hudson Pacific Properties by 17.3% in the 3rd quarter. Inspire Investing LLC now owns 86,995 shares of the real estate investment trust’s stock worth $416,000 after acquiring an additional 12,820 shares in the last quarter. Regent Peak Wealth Advisors LLC bought a new stake in Hudson Pacific Properties during the 3rd quarter worth approximately $85,000. Finally, Blue Trust Inc. boosted its position in shares of Hudson Pacific Properties by 549.1% in the third quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 5,013 shares during the period. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Hudson Pacific Properties news, CEO Victor J. Coleman purchased 50,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was purchased at an average price of $2.87 per share, with a total value of $143,500.00. Following the acquisition, the chief executive officer now owns 487,451 shares in the company, valued at approximately $1,398,984.37. The trade was a 11.43 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.92% of the company’s stock.

Hudson Pacific Properties Trading Up 0.9 %

Shares of HPP opened at $3.21 on Friday. The stock has a market capitalization of $453.35 million, a PE ratio of -1.54 and a beta of 1.30. The company’s fifty day moving average is $3.09 and its 200 day moving average is $4.16. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. Hudson Pacific Properties, Inc. has a fifty-two week low of $2.39 and a fifty-two week high of $8.17.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HPP. Piper Sandler lowered their target price on shares of Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Mizuho lowered their price objective on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group cut their target price on Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating for the company in a research report on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $5.08.

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.