Hudson Pacific Properties, Inc. (NYSE:HPP) Stock Position Decreased by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 75.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 26,988 shares of the real estate investment trust’s stock after selling 83,578 shares during the period. Victory Capital Management Inc.’s holdings in Hudson Pacific Properties were worth $129,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Van ECK Associates Corp grew its stake in Hudson Pacific Properties by 9.9% during the 3rd quarter. Van ECK Associates Corp now owns 26,718 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 2,399 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Hudson Pacific Properties by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 83,572 shares of the real estate investment trust’s stock valued at $402,000 after purchasing an additional 2,408 shares during the last quarter. abrdn plc raised its holdings in shares of Hudson Pacific Properties by 10.5% during the third quarter. abrdn plc now owns 28,406 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 2,710 shares during the last quarter. Amalgamated Bank boosted its position in shares of Hudson Pacific Properties by 10.0% during the third quarter. Amalgamated Bank now owns 41,738 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 3,802 shares during the period. Finally, Everence Capital Management Inc. boosted its position in shares of Hudson Pacific Properties by 17.4% during the third quarter. Everence Capital Management Inc. now owns 27,430 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 4,070 shares during the period. Institutional investors own 97.58% of the company’s stock.

Analysts Set New Price Targets

HPP has been the subject of several research analyst reports. Scotiabank reduced their price objective on shares of Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating for the company in a report on Monday, August 26th. Jefferies Financial Group cut Hudson Pacific Properties from a “buy” rating to a “hold” rating and dropped their target price for the stock from $5.50 to $5.00 in a report on Tuesday, November 12th. Wells Fargo & Company decreased their price target on 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. The Goldman Sachs Group decreased their target price on Hudson Pacific Properties from $6.50 to $4.70 and set a “neutral” rating for the company in a research note on Wednesday, August 14th. Finally, BMO Capital Markets lowered Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $8.00 to $6.00 in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hudson Pacific Properties presently has an average rating of “Hold” and a consensus price target of $6.17.

Hudson Pacific Properties Stock Performance

Shares of NYSE:HPP opened at $3.85 on Friday. Hudson Pacific Properties, Inc. has a 12-month low of $3.01 and a 12-month high of $9.85. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $543.74 million, a P/E ratio of -1.85 and a beta of 1.31. The firm has a fifty day moving average of $4.30 and a two-hundred day moving average of $4.81.

Insider Transactions at Hudson Pacific Properties

In other Hudson Pacific Properties news, COO Andy Wattula sold 9,356 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $5.28, for a total transaction of $49,399.68. Following the completion of the transaction, the chief operating officer now owns 61,068 shares of the company’s stock, valued at $322,439.04. The trade was a 13.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Victor J. Coleman bought 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were acquired at an average price of $3.53 per share, with a total value of $176,500.00. Following the purchase, the chief executive officer now owns 437,451 shares in the company, valued at $1,544,202.03. This trade represents a 12.90 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.95% of the company’s stock.

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.