Union Bancaire Privee UBP SA Makes New $436,000 Investment in Hudson Pacific Properties, Inc. (NYSE:HPP)

Union Bancaire Privee UBP SA acquired a new position in Hudson Pacific Properties, Inc. (NYSE:HPP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 144,000 shares of the real estate investment trust’s stock, valued at approximately $436,000. Union Bancaire Privee UBP SA owned approximately 0.10% of Hudson Pacific Properties as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Anthracite Investment Company Inc. acquired a new stake in shares of Hudson Pacific Properties during the 3rd quarter worth approximately $1,320,000. Green Alpha Advisors LLC increased its stake in shares of Hudson Pacific Properties by 77.7% in the 4th quarter. Green Alpha Advisors LLC now owns 521,592 shares of the real estate investment trust’s stock valued at $1,580,000 after purchasing an additional 228,079 shares during the last quarter. Wolverine Asset Management LLC increased its stake in shares of Hudson Pacific Properties by 42.3% in the 3rd quarter. Wolverine Asset Management LLC now owns 576,373 shares of the real estate investment trust’s stock valued at $2,755,000 after purchasing an additional 171,424 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Hudson Pacific Properties in the 3rd quarter valued at $1,332,000. Finally, Stifel Financial Corp bought a new position in shares of Hudson Pacific Properties in the 3rd quarter valued at $48,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on HPP. Mizuho decreased 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. Piper Sandler decreased their price target on Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating on the stock in a research note on Monday. Scotiabank decreased their price target on Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group decreased 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. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, Hudson Pacific Properties currently has a consensus rating of “Hold” and a consensus target price of $4.44.

Insiders Place Their Bets

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

Hudson Pacific Properties Trading Up 1.5 %

Shares of HPP stock opened at $3.05 on Tuesday. The firm has a market capitalization of $430.05 million, a P/E ratio of -1.18 and a beta of 1.30. Hudson Pacific Properties, Inc. has a twelve month low of $2.39 and a twelve month high of $7.20. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. The stock’s fifty day simple moving average is $2.97 and its 200 day simple moving average is $3.93.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $209.67 million for the quarter, compared to analyst estimates of $207.95 million. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. As a group, sell-side analysts predict that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal 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.