Presima Securities ULC Acquires 185,699 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP)

Presima Securities ULC boosted its stake in Hudson Pacific Properties, Inc. (NYSE:HPP) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,504,983 shares of the real estate investment trust’s stock after acquiring an additional 185,699 shares during the period. Hudson Pacific Properties accounts for approximately 1.9% of Presima Securities ULC’s holdings, making the stock its 15th biggest holding. Presima Securities ULC owned 1.77% of Hudson Pacific Properties worth $7,590,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in shares of Hudson Pacific Properties by 549.1% during the 3rd quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 5,013 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Hudson Pacific Properties during the 3rd quarter worth approximately $44,000. Stifel Financial Corp bought a new position in shares of Hudson Pacific Properties in the 3rd quarter worth approximately $48,000. MQS Management LLC purchased a new position in shares of Hudson Pacific Properties in the 3rd quarter valued at approximately $58,000. Finally, Metis Global Partners LLC purchased a new stake in Hudson Pacific Properties in the third quarter worth $66,000. 97.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Hudson Pacific Properties Trading Down 0.2 %

HPP stock opened at $3.16 on Friday. 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 1-year low of $2.39 and a 1-year high of $8.99. The business has a fifty day moving average price of $3.16 and a 200-day moving average price of $4.30.

Insiders Place Their Bets

In related news, CEO Victor J. Coleman bought 50,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was acquired at an average cost of $2.87 per share, for a total transaction of $143,500.00. Following the purchase, the chief executive officer now owns 487,451 shares in the company, valued at approximately $1,398,984.37. This represents a 11.43 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.95% of the stock is 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.