Point72 Asia Singapore Pte. Ltd. Takes Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in Hudson Pacific Properties, Inc. (NYSE:HPP) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 233,426 shares of the real estate investment trust’s stock, valued at approximately $707,000.

A number of other hedge funds have also recently bought and sold shares of the company. Mechanics Bank Trust Department acquired a new stake in Hudson Pacific Properties in the 4th quarter valued at about $60,000. Mutual Advisors LLC bought a new stake in shares of Hudson Pacific Properties in the 4th quarter worth approximately $44,000. Inspire Investing LLC lifted its stake in Hudson Pacific Properties by 60.0% during the fourth quarter. Inspire Investing LLC now owns 139,232 shares of the real estate investment trust’s stock valued at $422,000 after purchasing an additional 52,237 shares during the last quarter. Key Client Fiduciary Advisors LLC lifted its stake in Hudson Pacific Properties by 150.0% during the fourth quarter. Key Client Fiduciary Advisors LLC now owns 30,000 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 18,000 shares during the last quarter. Finally, Presima Securities ULC boosted its holdings in Hudson Pacific Properties by 8.0% during the fourth quarter. Presima Securities ULC now owns 2,504,983 shares of the real estate investment trust’s stock worth $7,590,000 after buying an additional 185,699 shares in the last quarter. 97.58% of the stock is owned by institutional investors and hedge funds.

Hudson Pacific Properties Price Performance

Shares of HPP opened at $2.13 on Friday. The business’s 50-day moving average is $2.47 and its 200-day moving average is $3.01. 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 $301.16 million, a price-to-earnings ratio of -0.83 and a beta of 1.48. Hudson Pacific Properties, Inc. has a fifty-two week low of $1.88 and a fifty-two week high of $6.29.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $198.46 million for the quarter, compared to analyst estimates of $199.95 million. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. Equities research analysts expect that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

Analysts Set New Price Targets

HPP has been the topic of several research reports. Piper Sandler dropped their price target on Hudson Pacific Properties from $3.50 to $2.50 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Scotiabank cut their target price on 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. The Goldman Sachs Group decreased their price target on Hudson Pacific Properties from $3.40 to $2.30 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group began coverage on Hudson Pacific Properties in a report on Monday, March 17th. They set a “hold” rating and a $2.70 price objective on the stock. Finally, BTIG Research set a $8.00 target price on shares of Hudson Pacific Properties and gave the stock a “buy” rating in a report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $3.63.

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.