Short Interest in Hudson Pacific Properties, Inc. (NYSE:HPP) Decreases By 21.9%

Hudson Pacific Properties, Inc. (NYSE:HPP) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 21,200,000 shares, a drop of 21.9% from the December 15th total of 27,140,000 shares. Currently, 15.5% of the company’s stock are short sold. Based on an average daily volume of 3,940,000 shares, the short-interest ratio is presently 5.4 days.

Hudson Pacific Properties Stock Performance

Hudson Pacific Properties stock traded down $0.07 during trading on Thursday, reaching $2.91. The company had a trading volume of 872,448 shares, compared to its average volume of 2,987,961. Hudson Pacific Properties has a 52 week low of $2.39 and a 52 week high of $9.25. The firm’s 50-day simple moving average is $3.31 and its 200 day simple moving average is $4.38. The firm has a market capitalization of $410.98 million, a price-to-earnings ratio of -1.39 and a beta of 1.30. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47.

Insider Buying and Selling at Hudson Pacific Properties

In other Hudson Pacific Properties news, CEO Victor J. Coleman bought 50,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were acquired at an average cost of $3.53 per share, for a total transaction of $176,500.00. Following the purchase, the chief executive officer now owns 437,451 shares in the company, valued at approximately $1,544,202.03. This trade represents a 12.90 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.92% of the company’s stock.

Hedge Funds Weigh In On Hudson Pacific Properties

A number of institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. raised its holdings in Hudson Pacific Properties by 549.1% during the third quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 5,013 shares during the period. Venturi Wealth Management LLC bought a new stake in Hudson Pacific Properties during the third quarter valued at about $44,000. Stifel Financial Corp bought a new stake in Hudson Pacific Properties during the third quarter valued at about $48,000. MQS Management LLC bought a new stake in Hudson Pacific Properties during the third quarter valued at about $58,000. Finally, Mechanics Bank Trust Department bought a new stake in Hudson Pacific Properties during the fourth quarter valued at about $60,000. 97.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HPP shares. Mizuho dropped their price target on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Jefferies Financial Group dropped their price target on Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating on the stock in a research note on Thursday, January 2nd. Finally, Piper Sandler dropped their price target on 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. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.