Westwood Holdings Group Inc. Takes Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

Westwood Holdings Group Inc. bought a new position in Hudson Pacific Properties, Inc. (NYSE:HPP) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 40,000 shares of the real estate investment trust’s stock, valued at approximately $258,000.

A number of other institutional investors have also recently bought and sold shares of HPP. Wellington Management Group LLP bought a new position in shares of Hudson Pacific Properties during the 3rd quarter worth about $1,103,000. Spirit of America Management Corp NY bought a new position in Hudson Pacific Properties during the fourth quarter worth about $102,000. Asset Management One Co. Ltd. boosted its holdings in Hudson Pacific Properties by 1.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 194,417 shares of the real estate investment trust’s stock valued at $1,841,000 after purchasing an additional 3,460 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Hudson Pacific Properties by 101.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 170,678 shares of the real estate investment trust’s stock valued at $1,589,000 after purchasing an additional 86,028 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Hudson Pacific Properties in the 4th quarter worth approximately $591,000. Institutional investors and hedge funds own 97.58% of the company’s stock.

Analyst Ratings Changes

HPP has been the topic of several recent analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $7.00 price target on shares of Hudson Pacific Properties in a research note on Thursday, June 27th. The Goldman Sachs Group dropped their target price on shares of Hudson Pacific Properties from $9.00 to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, May 7th. Finally, Morgan Stanley downgraded shares of Hudson Pacific Properties from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $6.00 to $4.25 in a report on Wednesday, July 10th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $8.32.

Hudson Pacific Properties Stock Up 7.9 %

NYSE HPP opened at $5.74 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.85 and a current ratio of 1.85. Hudson Pacific Properties, Inc. has a 52 week low of $4.26 and a 52 week high of $9.85. The stock has a market capitalization of $810.20 million, a P/E ratio of -3.59, a price-to-earnings-growth ratio of 0.75 and a beta of 1.32. The stock has a fifty day moving average of $4.99 and a 200-day moving average of $6.17.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.53). Hudson Pacific Properties had a negative return on equity of 6.91% and a negative net margin of 23.48%. The firm had revenue of $214.02 million during the quarter, compared to analyst estimates of $220.61 million. On average, equities research analysts forecast that Hudson Pacific Properties, Inc. will post 0.83 EPS for the current year.

Hudson Pacific Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Monday, June 17th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.20 annualized dividend and a yield of 3.48%. Hudson Pacific Properties’s dividend payout ratio is currently -12.50%.

Insider Buying and Selling at Hudson Pacific Properties

In other Hudson Pacific Properties news, CEO Victor J. Coleman sold 100,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $5.18, for a total transaction of $518,000.00. Following the completion of the sale, the chief executive officer now owns 387,451 shares in the company, valued at approximately $2,006,996.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have acquired 13,420 shares of company stock valued at $59,912. 2.95% of the stock is currently owned by insiders.

Hudson Pacific Properties Company Profile

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.