Hudson Pacific Properties, Inc. (NYSE:HPP) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Hudson Pacific Properties, Inc. (NYSE:HPP) by 450.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,066,056 shares of the real estate investment trust’s stock after purchasing an additional 872,538 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Hudson Pacific Properties were worth $5,096,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in 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 buying an additional 5,013 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Hudson Pacific Properties in the third quarter valued at $44,000. MQS Management LLC acquired a new stake in shares of Hudson Pacific Properties during the third quarter valued at $58,000. Metis Global Partners LLC purchased a new stake in Hudson Pacific Properties during the 3rd quarter worth about $66,000. Finally, Regent Peak Wealth Advisors LLC acquired a new position in Hudson Pacific Properties in the 3rd quarter valued at about $85,000. 97.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HPP has been the subject of a number of analyst reports. The Goldman Sachs Group cut their price objective on shares of Hudson Pacific Properties from $6.50 to $4.70 and set a “neutral” rating for the company in a research report on Wednesday, August 14th. Bank of America decreased their target price on Hudson Pacific Properties from $4.50 to $4.00 and set an “underperform” rating for the company in a report on Thursday, August 22nd. Jefferies Financial Group lowered Hudson Pacific Properties from a “buy” rating to a “hold” rating and cut their price objective for the company from $5.50 to $5.00 in a research report on Tuesday, November 12th. Piper Sandler decreased their target price on Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating for the company in a research report on Friday, November 15th. Finally, Scotiabank dropped their target price on Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating on the stock in a report on Monday, August 26th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.17.

Insider Activity

In other news, COO Andy Wattula sold 9,356 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $5.28, for a total transaction of $49,399.68. Following the transaction, the chief operating officer now owns 61,068 shares of the company’s stock, valued at approximately $322,439.04. This trade represents a 13.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Victor J. Coleman bought 50,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was purchased at an average price of $3.53 per share, with a total value of $176,500.00. Following the transaction, the chief executive officer now owns 437,451 shares in the company, valued at approximately $1,544,202.03. This represents a 12.90 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.92% of the company’s stock.

Hudson Pacific Properties Trading Down 7.6 %

Shares of HPP opened at $3.15 on Thursday. Hudson Pacific Properties, Inc. has a one year low of $3.01 and a one year high of $9.85. The stock has a 50-day moving average price of $4.11 and a 200 day moving average price of $4.71. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $444.88 million, a P/E ratio of -1.51 and a beta of 1.27.

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.