Insider Buying: Hudson Pacific Properties, Inc. (NYSE:HPP) CEO Acquires 50,000 Shares of Stock

Hudson Pacific Properties, Inc. (NYSE:HPP) CEO Victor J. Coleman purchased 50,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was purchased at an average cost of $3.53 per share, for a total transaction of $176,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 437,451 shares of the company’s stock, valued at approximately $1,544,202.03. The trade was a 12.90 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Hudson Pacific Properties Stock Up 0.8 %

Shares of HPP stock traded up $0.03 during trading on Tuesday, reaching $3.62. The company’s stock had a trading volume of 4,556,795 shares, compared to its average volume of 2,457,667. Hudson Pacific Properties, Inc. has a 1-year low of $3.01 and a 1-year high of $9.85. The stock’s 50-day moving average price is $4.41 and its 200 day moving average price is $4.85. The company has a market capitalization of $511.25 million, a price-to-earnings ratio of -1.65 and a beta of 1.31. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. The Goldman Sachs Group dropped their target price on Hudson Pacific Properties from $6.50 to $4.70 and set a “neutral” rating on the stock in a report on Wednesday, August 14th. BMO Capital Markets lowered Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $8.00 to $6.00 in a report on Thursday, August 8th. Wolfe Research lowered Hudson Pacific Properties from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Bank of America cut their price objective on Hudson Pacific Properties from $4.50 to $4.00 and set an “underperform” rating for the company in a research report on Thursday, August 22nd. Finally, Wells Fargo & Company lowered their target price on shares of Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating for the company in a research note on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $6.17.

Hedge Funds Weigh In On Hudson Pacific Properties

Several large investors have recently bought and sold shares of HPP. Barclays PLC boosted its holdings in Hudson Pacific Properties by 120.9% in the third quarter. Barclays PLC now owns 244,222 shares of the real estate investment trust’s stock valued at $1,168,000 after purchasing an additional 133,673 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Hudson Pacific Properties by 4.7% during the third quarter. Geode Capital Management LLC now owns 3,426,417 shares of the real estate investment trust’s stock worth $16,381,000 after purchasing an additional 154,101 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Hudson Pacific Properties by 11.7% during the third quarter. Public Employees Retirement System of Ohio now owns 212,406 shares of the real estate investment trust’s stock worth $1,015,000 after purchasing an additional 22,167 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Hudson Pacific Properties by 13.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 185,000 shares of the real estate investment trust’s stock valued at $884,000 after purchasing an additional 22,300 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in Hudson Pacific Properties during the 3rd quarter worth approximately $592,000. Hedge funds and other institutional investors own 97.58% of the company’s stock.

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.