Hudson Pacific Properties, Inc. (NYSE:HPP) Stock Holdings Lessened by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC reduced its holdings in Hudson Pacific Properties, Inc. (NYSE:HPP) by 40.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 10,208 shares of the real estate investment trust’s stock after selling 6,805 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Hudson Pacific Properties were worth $31,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Opinicus Capital Inc. bought a new position in shares of Hudson Pacific Properties in the 4th quarter worth about $32,000. Mutual Advisors LLC acquired a new stake in shares of Hudson Pacific Properties in the 4th quarter worth about $44,000. Sanctuary Advisors LLC acquired a new stake in shares of Hudson Pacific Properties in the 4th quarter worth about $45,000. Stifel Financial Corp acquired a new stake in shares of Hudson Pacific Properties in the 3rd quarter worth about $48,000. Finally, Mechanics Bank Trust Department acquired a new stake in shares of Hudson Pacific Properties in the 4th quarter worth about $60,000. 97.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HPP shares. Piper Sandler dropped their price objective on shares of Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating on the stock in a report on Monday, February 24th. Wells Fargo & Company raised shares of Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 price objective on the stock in a report on Monday, March 10th. The Goldman Sachs Group dropped their price objective on shares of Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Jefferies Financial Group assumed coverage on shares of Hudson Pacific Properties in a report on Monday, March 17th. They issued a “hold” rating and a $2.70 price objective on the stock. Finally, Scotiabank lowered their target price 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $3.54.

Hudson Pacific Properties Stock Performance

Shares of HPP opened at $2.93 on Friday. The firm’s 50 day moving average is $3.02 and its 200-day moving average is $3.67. The stock has a market capitalization of $413.46 million, a P/E ratio of -1.14 and a beta of 1.31. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26. Hudson Pacific Properties, Inc. has a 12-month low of $2.39 and a 12-month high of $6.82.

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