Victory Capital Management Inc. Decreases Holdings in Hudson Pacific Properties, Inc. (NYSE:HPP)

Victory Capital Management Inc. trimmed its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 35.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 17,289 shares of the real estate investment trust’s stock after selling 9,699 shares during the period. Victory Capital Management Inc.’s holdings in Hudson Pacific Properties were worth $52,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Opinicus Capital Inc. purchased a new stake in Hudson Pacific Properties during the 4th quarter worth about $32,000. Mutual Advisors LLC purchased a new stake in Hudson Pacific Properties during the 4th quarter worth about $44,000. Sanctuary Advisors LLC purchased a new stake in Hudson Pacific Properties during the 4th quarter worth about $45,000. Stifel Financial Corp purchased a new stake in Hudson Pacific Properties during the 3rd quarter worth about $48,000. Finally, Mechanics Bank Trust Department acquired a new stake in shares of Hudson Pacific Properties during the fourth quarter worth about $60,000. 97.58% of the stock is owned by hedge funds and other institutional investors.

Hudson Pacific Properties Stock Performance

NYSE HPP opened at $2.93 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47. The business’s 50 day moving average is $3.02 and its two-hundred day moving average is $3.65. Hudson Pacific Properties, Inc. has a 12-month low of $2.39 and a 12-month high of $6.69. The stock has a market capitalization of $413.46 million, a price-to-earnings ratio of -1.14 and a beta of 1.31.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $207.95 million. Research analysts expect that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HPP shares. Morgan Stanley cut their target price on Hudson Pacific Properties from $2.40 to $2.25 and set an “underweight” rating on the stock in a research report on Tuesday, March 18th. Scotiabank cut their target price on Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 18th. Wells Fargo & Company upgraded 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. Mizuho cut their target price on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, Piper Sandler cut their target price on Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Hudson Pacific Properties presently has a consensus rating of “Hold” and an average price target of $3.54.

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.