Mutual Advisors LLC Makes New $44,000 Investment in Hudson Pacific Properties, Inc. (NYSE:HPP)

Mutual Advisors LLC bought a new position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) during the fourth quarter, HoldingsChannel.com reports. The firm bought 14,910 shares of the real estate investment trust’s stock, valued at approximately $44,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in Hudson Pacific Properties by 549.1% during the 3rd quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 5,013 shares during the period. Venturi Wealth Management LLC bought a new stake in Hudson Pacific Properties during the 3rd quarter worth approximately $44,000. Stifel Financial Corp bought a new stake in Hudson Pacific Properties during the 3rd quarter worth approximately $48,000. MQS Management LLC bought a new stake in Hudson Pacific Properties during the 3rd quarter worth approximately $58,000. Finally, Metis Global Partners LLC bought a new stake in Hudson Pacific Properties during the 3rd quarter worth approximately $66,000. Institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Trading Down 7.6 %

HPP stock opened at $2.87 on Thursday. The firm has a fifty day moving average price of $3.14 and a 200 day moving average price of $4.25. Hudson Pacific Properties, Inc. has a fifty-two week low of $2.39 and a fifty-two week high of $8.89. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $404.62 million, a PE ratio of -1.37 and a beta of 1.30.

Analyst Ratings Changes

Several research firms have recently issued reports on HPP. Mizuho reduced their price objective on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Jefferies Financial Group reduced their price objective on shares of Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. Finally, Piper Sandler reduced their price objective on shares of Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat, Hudson Pacific Properties presently has an average rating of “Hold” and a consensus price target of $5.08.

Insider Activity at Hudson Pacific Properties

In other news, CEO Victor J. Coleman acquired 50,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was bought at an average cost of $3.53 per share, with a total value of $176,500.00. Following the completion of the purchase, the chief executive officer now directly owns 437,451 shares of the company’s stock, valued at $1,544,202.03. This represents a 12.90 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.95% of the stock is currently owned by insiders.

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.