Short Interest in Hudson Pacific Properties, Inc. (NYSE:HPP) Rises By 7.6%

Hudson Pacific Properties, Inc. (NYSE:HPP) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 16,390,000 shares, a growth of 7.6% from the August 15th total of 15,230,000 shares. Approximately 12.0% of the company’s stock are sold short. Based on an average trading volume of 4,650,000 shares, the short-interest ratio is currently 3.5 days.

Analyst Ratings Changes

HPP has been the subject of several research analyst reports. Piper Sandler upgraded shares of Hudson Pacific Properties from a “neutral” rating to an “overweight” rating and upped their target price for the company from $6.00 to $9.00 in a report on Tuesday, September 5th. The Goldman Sachs Group upped their price target on shares of Hudson Pacific Properties from $5.00 to $5.50 and gave the company a “sell” rating in a research report on Tuesday. Finally, StockNews.com assumed coverage on shares of Hudson Pacific Properties in a research report on Saturday, August 19th. They issued a “sell” rating for the company. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Hudson Pacific Properties presently has a consensus rating of “Hold” and a consensus price target of $8.28.

Institutional Investors Weigh In On Hudson Pacific Properties

A number of large investors have recently added to or reduced their stakes in the business. CWM LLC boosted its stake in shares of Hudson Pacific Properties by 87.3% during the 1st quarter. CWM LLC now owns 4,839 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 2,256 shares during the last quarter. KBC Group NV acquired a new stake in shares of Hudson Pacific Properties during the 2nd quarter worth about $33,000. Captrust Financial Advisors acquired a new stake in shares of Hudson Pacific Properties during the 2nd quarter worth about $33,000. AXS Investments LLC acquired a new stake in shares of Hudson Pacific Properties during the 1st quarter worth about $35,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Hudson Pacific Properties during the 2nd quarter worth about $35,000. 97.58% of the stock is owned by institutional investors and hedge funds.

Hudson Pacific Properties Price Performance

Shares of HPP traded up $0.19 during trading hours on Tuesday, reaching $6.89. The company had a trading volume of 450,426 shares, compared to its average volume of 3,831,762. The firm has a 50 day simple moving average of $6.20 and a 200-day simple moving average of $5.78. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $971.08 million, a price-to-earnings ratio of -11.26 and a beta of 1.07. Hudson Pacific Properties has a 12-month low of $4.05 and a 12-month high of $12.58.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.49). The company had revenue of $245.17 million during the quarter, compared to analysts’ expectations of $237.63 million. Hudson Pacific Properties had a negative net margin of 7.74% and a negative return on equity of 2.41%. Research analysts expect that Hudson Pacific Properties will post 1.14 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.