Hudson Pacific Properties, Inc. (NYSE:HPP) Position Increased by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co increased its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 48.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 163,000 shares of the real estate investment trust’s stock after acquiring an additional 53,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Hudson Pacific Properties were worth $494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Green Alpha Advisors LLC grew its position in shares of Hudson Pacific Properties by 77.7% during the fourth quarter. Green Alpha Advisors LLC now owns 521,592 shares of the real estate investment trust’s stock worth $1,580,000 after acquiring an additional 228,079 shares during the last quarter. Stifel Financial Corp acquired a new position in Hudson Pacific Properties during the 3rd quarter valued at about $48,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Hudson Pacific Properties by 450.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,066,056 shares of the real estate investment trust’s stock worth $5,096,000 after purchasing an additional 872,538 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $436,000. Finally, Brown University bought a new stake in shares of Hudson Pacific Properties during the fourth quarter valued at approximately $1,832,000. 97.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Mizuho decreased their price objective on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Jefferies Financial Group began coverage on Hudson Pacific Properties in a research note on Monday, March 17th. They issued a “hold” rating and a $2.70 price target for the company. Piper Sandler cut their price objective on shares of Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Scotiabank decreased their target price on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company upgraded shares of Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 price target on the stock in a research report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Hudson Pacific Properties has an average rating of “Hold” and a consensus target price of $3.43.

Hudson Pacific Properties Stock Down 3.0 %

HPP stock opened at $2.57 on Friday. The firm has a market cap of $363.28 million, a PE ratio of -1.00 and a beta of 1.30. Hudson Pacific Properties, Inc. has a 12 month low of $2.39 and a 12 month high of $6.69. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a 50 day simple moving average of $2.99 and a 200 day simple moving average of $3.52.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $209.67 million during the quarter, compared to the consensus estimate of $207.95 million. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. Equities research analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal year.

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.