KLP Kapitalforvaltning AS Makes New $81,000 Investment in Hudson Pacific Properties, Inc. (NYSE:HPP)

KLP Kapitalforvaltning AS acquired a new stake in 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 26,600 shares of the real estate investment trust’s stock, valued at approximately $81,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Green Alpha Advisors LLC increased its position in shares of Hudson Pacific Properties by 77.7% in the fourth quarter. Green Alpha Advisors LLC now owns 521,592 shares of the real estate investment trust’s stock worth $1,580,000 after purchasing an additional 228,079 shares during the period. Stifel Financial Corp bought a new position in Hudson Pacific Properties in the third quarter valued at approximately $48,000. Union Bancaire Privee UBP SA bought a new position in Hudson Pacific Properties in the fourth quarter valued at approximately $436,000. Brown University acquired a new position in Hudson Pacific Properties during the fourth quarter valued at approximately $1,832,000. Finally, Sanctuary Advisors LLC bought a new stake in Hudson Pacific Properties during the fourth quarter worth $45,000. Institutional investors and hedge funds own 97.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have 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 price target on the stock. The Goldman Sachs Group decreased their target price 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 lowered their target price on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Scotiabank reduced their price target 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. Finally, BMO Capital Markets raised shares of Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $4.00 to $5.00 in a report on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $3.43.

Hudson Pacific Properties Stock Performance

Hudson Pacific Properties stock opened at $2.17 on Friday. The business has a 50 day moving average of $2.87 and a 200-day moving average of $3.39. The company has a market capitalization of $306.17 million, a P/E ratio of -0.84 and a beta of 1.30. Hudson Pacific Properties, Inc. has a 1 year low of $2.00 and a 1 year high of $6.33. 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 (NYSE:HPP) last posted its 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 for the quarter, compared to analyst estimates of $207.95 million. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. On average, equities research analysts predict 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.