Hudson Pacific Properties, Inc. (NYSE:HPP) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its position in Hudson Pacific Properties, Inc. (NYSE:HPP) by 60.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,315 shares of the real estate investment trust’s stock after selling 78,627 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Hudson Pacific Properties were worth $495,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. increased its stake in Hudson Pacific Properties by 103,925.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 4,161 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 4,157 shares during the last quarter. Captrust Financial Advisors acquired a new stake in Hudson Pacific Properties in the second quarter valued at $33,000. Point72 Hong Kong Ltd acquired a new position in shares of Hudson Pacific Properties during the 2nd quarter worth $35,000. Cape Cod Five Cents Savings Bank acquired a new position in shares of Hudson Pacific Properties during the 2nd quarter worth $44,000. Finally, Point72 Middle East FZE acquired a new position in Hudson Pacific Properties in the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 97.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Morgan Stanley cut their target price on shares of Hudson Pacific Properties from $7.00 to $6.00 and set an “equal weight” rating for the company in a research note on Thursday, March 28th. Wolfe Research raised Hudson Pacific Properties from a “peer perform” rating to an “outperform” rating and set a $8.40 target price on the stock in a research report on Monday, March 18th. Jefferies Financial Group raised Hudson Pacific Properties from a “hold” rating to a “buy” rating and upped their price target for the company from $6.00 to $12.00 in a research report on Tuesday, January 2nd. Piper Sandler dropped their price target on Hudson Pacific Properties from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Finally, The Goldman Sachs Group upped their price objective on Hudson Pacific Properties from $7.10 to $10.60 and gave the stock a “neutral” rating in a research note on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.05.

Hudson Pacific Properties Trading Down 5.6 %

Shares of HPP stock opened at $5.78 on Tuesday. Hudson Pacific Properties, Inc. has a fifty-two week low of $4.05 and a fifty-two week high of $9.85. The stock has a market capitalization of $815.85 million, a P/E ratio of -4.22, a P/E/G ratio of 0.52 and a beta of 1.31. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.31. The stock has a 50-day simple moving average of $6.62 and a 200 day simple moving average of $6.89.

Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Monday, February 12th. The real estate investment trust reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. Hudson Pacific Properties had a negative return on equity of 5.74% and a negative net margin of 19.20%. The business had revenue of $223.42 million during the quarter, compared to the consensus estimate of $223.93 million. During the same period in the prior year, the business posted $0.49 earnings per share. Hudson Pacific Properties’s revenue was down 17.2% compared to the same quarter last year. On average, sell-side analysts expect that Hudson Pacific Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Hudson Pacific Properties Announces Dividend

The firm also recently disclosed a — dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 18th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, March 15th. Hudson Pacific Properties’s dividend payout ratio is currently -14.60%.

Insider Buying and Selling

In other news, CIO Drew Gordon sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $7.11, for a total transaction of $71,100.00. Following the completion of the sale, the executive now directly owns 116,694 shares of the company’s stock, valued at approximately $829,694.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Barry A. Sholem acquired 40,000 shares of the stock in a transaction dated Wednesday, February 21st. The shares were acquired at an average price of $6.69 per share, with a total value of $267,600.00. Following the acquisition, the director now owns 70,176 shares in the company, valued at approximately $469,477.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CIO Drew Gordon sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $7.11, for a total value of $71,100.00. Following the completion of the sale, the executive now directly owns 116,694 shares in the company, valued at approximately $829,694.34. The disclosure for this sale can be found here. Company insiders own 3.92% of the company’s stock.

Hudson Pacific Properties 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.