Quantinno Capital Management LP grew its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP – Free Report) by 347.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 184,034 shares of the real estate investment trust’s stock after acquiring an additional 142,941 shares during the quarter. Quantinno Capital Management LP owned about 0.34% of Hudson Pacific Properties worth $1,088,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Saba Capital Management L.P. raised its stake in Hudson Pacific Properties by 49.8% in the first quarter. Saba Capital Management L.P. now owns 831,868 shares of the real estate investment trust’s stock valued at $4,916,000 after purchasing an additional 276,459 shares in the last quarter. Whitebox Advisors LLC grew its stake in Hudson Pacific Properties by 1,618.4% during the first quarter. Whitebox Advisors LLC now owns 189,080 shares of the real estate investment trust’s stock worth $1,117,000 after buying an additional 178,077 shares in the last quarter. Entropy Technologies LP acquired a new stake in Hudson Pacific Properties during the first quarter worth about $208,000. Sei Investments Co. increased its holdings in Hudson Pacific Properties by 2.0% in the 1st quarter. Sei Investments Co. now owns 301,353 shares of the real estate investment trust’s stock valued at $1,781,000 after buying an additional 6,049 shares during the period. Finally, State of Wyoming increased its holdings in Hudson Pacific Properties by 22.5% in the 1st quarter. State of Wyoming now owns 30,214 shares of the real estate investment trust’s stock valued at $179,000 after buying an additional 5,543 shares during the period. 97.58% of the stock is owned by institutional investors and hedge funds.
Hudson Pacific Properties Trading Down 4.1%
Shares of HPP stock opened at $13.90 on Friday. Hudson Pacific Properties, Inc. has a twelve month low of $5.26 and a twelve month high of $21.70. The stock’s fifty day simple moving average is $14.87 and its 200 day simple moving average is $10.56. The company has a quick ratio of 1.65, a current ratio of 1.11 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $754.57 million, a P/E ratio of -1.57, a P/E/G ratio of 1.06 and a beta of 1.90.
Insider Transactions at Hudson Pacific Properties
In other Hudson Pacific Properties news, Director Jon E. Bortz acquired 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $13.40 per share, for a total transaction of $335,000.00. Following the acquisition, the director directly owned 35,394 shares in the company, valued at $474,279.60. This represents a 240.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.47% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hudson Pacific Properties in a report on Friday, May 29th. BMO Capital Markets reissued a “market perform” rating and issued a $16.00 price objective (up from $8.00) on shares of Hudson Pacific Properties in a research note on Monday, June 15th. BTIG Research reissued a “buy” rating and issued a $26.00 price objective on shares of Hudson Pacific Properties in a research note on Wednesday, May 6th. Wells Fargo & Company boosted their price objective on shares of Hudson Pacific Properties from $13.50 to $14.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Finally, Morgan Stanley set a $9.00 target price on Hudson Pacific Properties and gave the stock an “underweight” rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $15.57.
View Our Latest Research Report on Hudson Pacific Properties
About Hudson Pacific Properties
Hudson Pacific Properties (NYSE: HPP) is a self-managed real estate investment trust focused on the acquisition, development and management of high-quality office and studio properties. The company’s portfolio spans strategic West Coast markets in the United States and key markets in Canada, providing space for technology, media and creative companies as well as major film and television producers. As an owner and operator of both traditional office buildings and specialized production facilities, Hudson Pacific seeks to deliver stable income through long-term leases and strategic property enhancements.
In its office segment, Hudson Pacific targets markets with strong job growth and limited supply, including Los Angeles, Silicon Valley, San Diego and Seattle, as well as Vancouver, British Columbia.
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