EntryPoint Capital LLC Has $286,000 Stock Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

EntryPoint Capital LLC increased its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 696.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 94,456 shares of the real estate investment trust’s stock after buying an additional 82,590 shares during the period. EntryPoint Capital LLC owned 0.07% of Hudson Pacific Properties worth $286,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HPP. KLP Kapitalforvaltning AS bought a new stake in Hudson Pacific Properties during the fourth quarter valued at about $81,000. Sei Investments Co. boosted its stake in Hudson Pacific Properties by 134.8% during the 4th quarter. Sei Investments Co. now owns 29,979 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 17,212 shares during the period. Xponance Inc. acquired a new stake in Hudson Pacific Properties in the 4th quarter valued at approximately $30,000. Brown University bought a new position in Hudson Pacific Properties in the 4th quarter worth approximately $1,832,000. Finally, Cibc World Markets Corp acquired a new position in shares of Hudson Pacific Properties during the fourth quarter worth approximately $39,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Hudson Pacific Properties Price Performance

Hudson Pacific Properties stock opened at $3.01 on Friday. The business has a 50 day simple moving average of $3.03 and a 200 day simple moving average of $3.61. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $424.91 million, a PE ratio of -1.17 and a beta of 1.31. Hudson Pacific Properties, Inc. has a one year low of $2.39 and a one year high of $6.69.

Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $209.67 million for the quarter, compared to the consensus estimate of $207.95 million. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. On average, sell-side analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HPP shares. Scotiabank dropped their target price on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 18th. Piper Sandler dropped their price objective on shares of Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating on the stock in a report on Monday, February 24th. Wells Fargo & Company upgraded shares of Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 target price for the company in a research note on Monday, March 10th. Jefferies Financial Group started coverage on Hudson Pacific Properties in a research note on Monday, March 17th. They set a “hold” rating and a $2.70 price target on the stock. Finally, The Goldman Sachs Group reduced their price objective on Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, Hudson Pacific Properties currently has an average rating of “Hold” and a consensus target price of $3.54.

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.