Hudson Pacific Properties, Inc. (NYSE:HPP) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 5.2% during the 3rd quarter, Holdings Channel reports. The firm owned 110,760 shares of the real estate investment trust’s stock after purchasing an additional 5,448 shares during the period. Thrivent Financial for Lutherans’ holdings in Hudson Pacific Properties were worth $529,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. raised its position 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 worth $29,000 after purchasing an additional 5,013 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of Hudson Pacific Properties during the third quarter worth $44,000. Key Client Fiduciary Advisors LLC acquired a new stake in shares of Hudson Pacific Properties during the second quarter worth $53,000. MQS Management LLC acquired a new stake in shares of Hudson Pacific Properties during the third quarter worth $58,000. Finally, Metis Global Partners LLC acquired a new stake in shares of Hudson Pacific Properties during the third quarter worth $66,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hudson Pacific Properties

In related news, CEO Victor J. Coleman purchased 50,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was bought at an average price of $3.53 per share, for a total transaction of $176,500.00. Following the purchase, the chief executive officer now owns 437,451 shares in the company, valued at $1,544,202.03. The trade was a 12.90 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Andy Wattula sold 9,356 shares of the company’s stock in a transaction dated 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 disclosure for this sale can be found here. Corporate insiders own 3.92% of the company’s stock.

Hudson Pacific Properties Stock Performance

Shares of NYSE HPP opened at $3.81 on Thursday. The business’s 50-day moving average price is $4.24 and its two-hundred day moving average price is $4.77. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26. Hudson Pacific Properties, Inc. has a one year low of $3.01 and a one year high of $9.85. The company has a market capitalization of $537.38 million, a P/E ratio of -1.82 and a beta of 1.27.

Analyst Upgrades and Downgrades

HPP has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut their target price on Hudson Pacific Properties from $6.50 to $4.70 and set a “neutral” rating on the stock in a research report on Wednesday, August 14th. Scotiabank cut their target price on Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research report on Monday, August 26th. Piper Sandler lowered their price target on Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating on the stock in a report on Friday, November 15th. 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 lowered their price target on Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating on the stock in a report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $6.17.

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.