D. E. Shaw & Co. Inc. Boosts Stock Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

D. E. Shaw & Co. Inc. raised its stake in Hudson Pacific Properties, Inc. (NYSE:HPP) by 95.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,605,516 shares of the real estate investment trust’s stock after buying an additional 1,275,236 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Hudson Pacific Properties were worth $7,895,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Union Bancaire Privee UBP SA acquired a new stake in shares of Hudson Pacific Properties during the fourth quarter worth about $436,000. Brown University purchased a new position in Hudson Pacific Properties in the 4th quarter valued at $1,832,000. Helix Partners Management LP purchased a new position in Hudson Pacific Properties in the 4th quarter valued at $579,000. Sanctuary Advisors LLC purchased a new position in Hudson Pacific Properties in the 4th quarter valued at $45,000. Finally, Renaissance Technologies LLC increased its stake in shares of Hudson Pacific Properties by 9.2% in the 4th quarter. Renaissance Technologies LLC now owns 1,390,009 shares of the real estate investment trust’s stock worth $4,212,000 after acquiring an additional 117,600 shares during the last quarter. Institutional investors and hedge funds own 97.58% of the company’s stock.

Hudson Pacific Properties Trading Up 1.9%

Shares of HPP stock opened at $2.13 on Friday. The business’s fifty day moving average price is $2.47 and its 200 day moving average price is $3.01. Hudson Pacific Properties, Inc. has a 1-year low of $1.88 and a 1-year high of $6.29. The firm has a market capitalization of $301.16 million, a PE ratio of -0.83 and a beta of 1.48. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26.

Hudson Pacific Properties (NYSE:HPP) last posted its earnings results 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 company had revenue of $198.46 million for the quarter, compared to analyst estimates of $199.95 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 forecast that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. The Goldman Sachs Group cut their target price on Hudson Pacific Properties from $3.40 to $2.30 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. BMO Capital Markets raised Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $4.00 to $5.00 in a research report on Friday, March 28th. Wedbush restated a “neutral” rating on shares of Hudson Pacific Properties in a research note on Monday, May 5th. Piper Sandler decreased their target price on Hudson Pacific Properties from $3.50 to $2.50 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company upgraded Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 price objective for the company in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $3.63.

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.