Freestone Capital Holdings LLC Acquires Shares of 564,747 Hudson Pacific Properties, Inc. $HPP

Freestone Capital Holdings LLC bought a new position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) in the second quarter, Holdings Channel.com reports. The fund bought 564,747 shares of the real estate investment trust’s stock, valued at approximately $1,547,000.

A number of other hedge funds have also modified their holdings of HPP. Hutchens & Kramer Investment Management Group LLC acquired a new position in Hudson Pacific Properties during the second quarter worth about $33,000. Versor Investments LP purchased a new position in Hudson Pacific Properties in the 2nd quarter worth approximately $64,000. Presima Securities ULC boosted its holdings in shares of Hudson Pacific Properties by 96.0% during the 2nd quarter. Presima Securities ULC now owns 5,420,597 shares of the real estate investment trust’s stock worth $14,852,000 after purchasing an additional 2,654,821 shares during the last quarter. May Hill Capital LLC purchased a new stake in shares of Hudson Pacific Properties in the second quarter valued at approximately $74,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Hudson Pacific Properties in the second quarter valued at approximately $132,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Hudson Pacific Properties Stock Down 1.8%

Shares of NYSE:HPP opened at $2.40 on Tuesday. The business has a 50-day moving average price of $2.71 and a 200 day moving average price of $2.53. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $908.07 million, a price-to-earnings ratio of -0.85 and a beta of 1.64. Hudson Pacific Properties, Inc. has a 12-month low of $1.78 and a 12-month high of $4.67.

Hudson Pacific Properties (NYSE:HPP) last posted its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $190.00 million for the quarter, compared to analysts’ expectations of $196.27 million. Hudson Pacific Properties had a negative net margin of 53.76% and a negative return on equity of 15.10%. Sell-side analysts expect that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HPP shares. The Goldman Sachs Group boosted their price objective on Hudson Pacific Properties from $2.80 to $3.20 and gave the stock a “neutral” rating in a research note on Wednesday, September 17th. Jefferies Financial Group lowered their price target on shares of Hudson Pacific Properties from $2.50 to $2.40 and set a “hold” rating on the stock in a research report on Monday, October 13th. New Street Research set a $2.40 price objective on shares of Hudson Pacific Properties in a report on Monday, October 13th. Cantor Fitzgerald began coverage on shares of Hudson Pacific Properties in a research note on Wednesday, October 1st. They set an “overweight” rating and a $3.50 target price on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hudson Pacific Properties in a report on Tuesday, October 14th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hudson Pacific Properties presently has a consensus rating of “Hold” and an average target price of $3.13.

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.