Hudson Pacific Properties Target of Unusually Large Options Trading (NYSE:HPP)

Hudson Pacific Properties, Inc. (NYSE:HPP) saw some unusual options trading activity on Thursday. Investors bought 5,334 call options on the company. This represents an increase of 460% compared to the typical daily volume of 953 call options.

Analysts Set New Price Targets

A number of research firms recently weighed in on HPP. Scotiabank decreased their target price on shares of Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating on the stock in a report on Monday, August 26th. Piper Sandler decreased their price target on shares of Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating on the stock in a report on Friday, November 15th. Jefferies Financial Group lowered Hudson Pacific Properties from a “buy” rating to a “hold” rating and dropped their price objective for the company from $5.50 to $5.00 in a research note on Tuesday, November 12th. Bank of America lowered their price target on Hudson Pacific Properties from $4.50 to $4.00 and set an “underperform” rating on the stock in a report on Thursday, August 22nd. Finally, Wells Fargo & Company decreased their price objective on shares of Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating on the stock in a research report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $6.17.

Hudson Pacific Properties Stock Up 0.4 %

Shares of Hudson Pacific Properties stock opened at $2.61 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. Hudson Pacific Properties has a 52-week low of $2.39 and a 52-week high of $9.85. The company’s 50 day moving average price is $3.96 and its 200-day moving average price is $4.66. The stock has a market capitalization of $368.62 million, a price-to-earnings ratio of -1.25 and a beta of 1.27.

Insider Activity at Hudson Pacific Properties

In related news, CEO Victor J. Coleman purchased 50,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average cost of $2.87 per share, for a total transaction of $143,500.00. Following the completion of the transaction, the chief executive officer now directly owns 487,451 shares in the company, valued at approximately $1,398,984.37. This represents a 11.43 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 2.95% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hudson Pacific Properties

A number of large investors have recently added to or reduced their stakes in HPP. Blue Trust Inc. increased its stake in shares of Hudson Pacific Properties by 549.1% during the third 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 period. Venturi Wealth Management LLC bought a new stake in Hudson Pacific Properties in the third quarter valued at $44,000. Stifel Financial Corp purchased a new position in Hudson Pacific Properties during the 3rd quarter valued at $48,000. MQS Management LLC bought a new position in Hudson Pacific Properties in the 3rd quarter worth $58,000. Finally, Metis Global Partners LLC bought a new position in Hudson Pacific Properties in the 3rd quarter worth $66,000. Institutional investors own 97.58% 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.