Daiwa Securities Group Inc. Has $222,000 Stake in Hudson Pacific Properties, Inc. (NYSE:HPP)

Daiwa Securities Group Inc. lifted its stake in Hudson Pacific Properties, Inc. (NYSE:HPP) by 16.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,527 shares of the real estate investment trust’s stock after purchasing an additional 6,704 shares during the period. Daiwa Securities Group Inc.’s holdings in Hudson Pacific Properties were worth $222,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. boosted its position in Hudson Pacific Properties by 549.1% in the 3rd quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 5,013 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in Hudson Pacific Properties in the third quarter worth about $44,000. Key Client Fiduciary Advisors LLC bought a new stake in Hudson Pacific Properties during the 2nd quarter worth about $53,000. MQS Management LLC acquired a new position in Hudson Pacific Properties during the 3rd quarter valued at about $58,000. Finally, Metis Global Partners LLC bought a new position in shares of Hudson Pacific Properties in the 3rd quarter valued at about $66,000. Institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Stock Performance

Shares of HPP stock opened at $3.85 on Monday. The company has a market capitalization of $543.74 million, a P/E ratio of -1.84 and a beta of 1.31. Hudson Pacific Properties, Inc. has a 52 week low of $3.01 and a 52 week high of $9.85. 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 company’s 50 day moving average price is $4.30 and its two-hundred day moving average price is $4.80.

Insider Buying and Selling

In related news, COO Andy Wattula sold 9,356 shares of Hudson Pacific Properties stock in a transaction that occurred on Friday, September 20th. The stock was 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 of the company’s stock, valued at approximately $322,439.04. This trade represents a 13.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Victor J. Coleman purchased 50,000 shares of Hudson Pacific Properties stock in a transaction on Monday, November 25th. The shares were purchased at an average cost of $3.53 per share, with a total value of $176,500.00. Following the transaction, the chief executive officer now owns 437,451 shares in the company, valued at approximately $1,544,202.03. The trade was a 12.90 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.95% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Bank of America dropped their price target on shares of Hudson Pacific Properties from $4.50 to $4.00 and set an “underperform” rating for the company in a research note on Thursday, August 22nd. Wells Fargo & Company cut their price target on Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating on the stock in a research note on Wednesday, September 11th. BMO Capital Markets cut Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $8.00 to $6.00 in a research note on Thursday, August 8th. Piper Sandler cut their target price on Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Finally, Scotiabank decreased their target price on Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating for the company in a research report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Hudson Pacific Properties has a consensus rating of “Hold” and an average price target of $6.17.

Hudson Pacific Properties Company 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.