Charles Schwab Investment Management Inc. Has $17.18 Million Stock Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

Charles Schwab Investment Management Inc. raised its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 8.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,668,360 shares of the real estate investment trust’s stock after purchasing an additional 458,783 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Hudson Pacific Properties were worth $17,175,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of HPP. Opinicus Capital Inc. acquired a new position in shares of Hudson Pacific Properties during the fourth quarter valued at about $32,000. Mutual Advisors LLC purchased a new stake in shares of Hudson Pacific Properties during the 4th quarter valued at $44,000. Sanctuary Advisors LLC bought a new position in shares of Hudson Pacific Properties during the 4th quarter valued at approximately $45,000. Stifel Financial Corp purchased a new position in shares of Hudson Pacific Properties during the 3rd quarter valued at $48,000. Finally, Mechanics Bank Trust Department purchased a new position in shares of Hudson Pacific Properties in the fourth quarter worth about $60,000. Institutional investors and hedge funds own 97.58% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Morgan Stanley decreased their price target on Hudson Pacific Properties from $2.40 to $2.25 and set an “underweight” rating on the stock in a research report on Tuesday. Wells Fargo & Company upgraded shares of Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 target price on the stock in a research report on Monday, March 10th. Piper Sandler dropped their price objective on Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating for the company in a research note on Monday, February 24th. Jefferies Financial Group began coverage on Hudson Pacific Properties in a research note on Monday. They issued a “hold” rating and a $2.70 price target for the company. Finally, The Goldman Sachs Group dropped their price target on Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $3.54.

Hudson Pacific Properties Stock Up 2.2 %

Shares of HPP stock opened at $3.01 on Friday. 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 $2.39 and a one year high of $6.82. The company’s fifty day moving average price is $3.01 and its 200-day moving average price is $3.69. The company has a market capitalization of $424.77 million, a price-to-earnings ratio of -1.17 and a beta of 1.31.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results 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. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. The company had revenue of $209.67 million during the quarter, compared to analyst estimates of $207.95 million. Sell-side analysts expect that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

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.