Blue Trust Inc. Boosts Holdings in Hudson Pacific Properties, Inc. (NYSE:HPP)

Blue Trust Inc. boosted its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 549.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,926 shares of the real estate investment trust’s stock after acquiring an additional 5,013 shares during the period. Blue Trust Inc.’s holdings in Hudson Pacific Properties were worth $29,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Regent Peak Wealth Advisors LLC purchased a new position in shares of Hudson Pacific Properties in the third quarter worth $85,000. Inspire Investing LLC raised its holdings in shares of Hudson Pacific Properties by 17.3% in the third quarter. Inspire Investing LLC now owns 86,995 shares of the real estate investment trust’s stock worth $416,000 after buying an additional 12,820 shares during the last quarter. Silver Lake Advisory LLC purchased a new position in shares of Hudson Pacific Properties in the second quarter worth $145,000. Algert Global LLC raised its holdings in shares of Hudson Pacific Properties by 0.7% in the second quarter. Algert Global LLC now owns 954,042 shares of the real estate investment trust’s stock worth $4,589,000 after buying an additional 7,047 shares during the last quarter. Finally, Scion Asset Management LLC purchased a new position in shares of Hudson Pacific Properties in the second quarter worth $5,505,000. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Insider Activity at Hudson Pacific Properties

In related news, Director Jonathan M. Glaser sold 9,287 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $5.20, for a total transaction of $48,292.40. Following the sale, the director now owns 3,713 shares in the company, valued at approximately $19,307.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Andy Wattula sold 9,356 shares of Hudson Pacific Properties stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $5.28, for a total value of $49,399.68. Following the sale, the chief operating officer now owns 61,068 shares in the company, valued at $322,439.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan M. Glaser sold 9,287 shares of Hudson Pacific Properties stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $5.20, for a total transaction of $48,292.40. Following the completion of the sale, the director now owns 3,713 shares in the company, valued at approximately $19,307.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.95% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HPP. Piper Sandler cut shares of Hudson Pacific Properties from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $7.00 to $6.00 in a report on Thursday, August 8th. Wolfe Research cut shares of Hudson Pacific Properties from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 14th. Scotiabank cut their price objective on shares of Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research note on Monday, August 26th. The Goldman Sachs Group cut their price objective on shares of Hudson Pacific Properties from $6.50 to $4.70 and set a “neutral” rating on the stock in a research note on Wednesday, August 14th. Finally, BMO Capital Markets lowered shares of Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $8.00 to $6.00 in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $6.94.

Hudson Pacific Properties Stock Down 4.9 %

HPP stock opened at $4.11 on Friday. The firm has a market cap of $580.46 million, a PE ratio of -2.46 and a beta of 1.31. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.47 and a current ratio of 1.47. The firm’s fifty day moving average is $4.78 and its 200 day moving average is $5.06. Hudson Pacific Properties, Inc. has a one year low of $4.11 and a one year high of $9.85.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.50). The firm had revenue of $218.00 million for the quarter, compared to analyst estimates of $216.08 million. Hudson Pacific Properties had a negative net margin of 25.42% and a negative return on equity of 7.41%. The firm’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 EPS. On average, research analysts forecast that Hudson Pacific Properties, Inc. will post 0.57 EPS for the current year.

Hudson Pacific Properties 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.