Lighthouse Investment Partners LLC Invests $1.56 Million in Hudson Pacific Properties, Inc. (NYSE:HPP)

Lighthouse Investment Partners LLC purchased a new stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 325,000 shares of the real estate investment trust’s stock, valued at approximately $1,563,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Key Client Fiduciary Advisors LLC acquired a new position in Hudson Pacific Properties during the 2nd quarter worth $53,000. Chicago Partners Investment Group LLC acquired a new position in shares of Hudson Pacific Properties during the fourth quarter valued at $125,000. NorthRock Partners LLC bought a new position in Hudson Pacific Properties in the first quarter valued at about $104,000. Shell Asset Management Co. acquired a new stake in Hudson Pacific Properties in the first quarter worth about $107,000. Finally, GAMMA Investing LLC raised its holdings in Hudson Pacific Properties by 62.4% during the 1st quarter. GAMMA Investing LLC now owns 17,864 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 6,862 shares during the last quarter. Institutional investors and hedge funds own 97.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on HPP shares. BMO Capital Markets lowered shares of Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $8.00 to $6.00 in a research note on Thursday, August 8th. Wolfe Research cut shares of Hudson Pacific Properties from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Bank of America dropped their target price on shares of Hudson Pacific Properties from $4.50 to $4.00 and set an “underperform” rating for the company in a research report on Thursday, August 22nd. The Goldman Sachs Group reduced their price target 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. Finally, Morgan Stanley downgraded Hudson Pacific Properties from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $6.00 to $4.25 in a report on Wednesday, July 10th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Hudson Pacific Properties has a consensus rating of “Hold” and a consensus target price of $6.95.

Insider Buying and Selling

In other Hudson Pacific Properties news, Director Jonathan M. Glaser sold 9,287 shares of Hudson Pacific Properties stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $5.20, for a total value of $48,292.40. Following the sale, the director now owns 3,713 shares of the company’s stock, valued at approximately $19,307.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Hudson Pacific Properties news, COO Andy Wattula sold 9,356 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $322,439.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan M. Glaser sold 9,287 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $5.20, for a total transaction of $48,292.40. Following the transaction, the director now directly owns 3,713 shares of the company’s stock, valued at $19,307.60. The disclosure for this sale can be found here. Company insiders own 2.95% of the company’s stock.

Hudson Pacific Properties Trading Down 1.7 %

NYSE HPP opened at $4.69 on Friday. Hudson Pacific Properties, Inc. has a one year low of $4.26 and a one year high of $9.85. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market cap of $661.97 million, a P/E ratio of -2.93, a P/E/G ratio of 0.88 and a beta of 1.31. The stock’s 50-day moving average is $5.14 and its 200-day moving average is $5.36.

Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.50). The company had revenue of $218.00 million for the quarter, compared to analyst estimates of $216.08 million. Hudson Pacific Properties had a negative return on equity of 7.41% and a negative net margin of 25.42%. The business’s quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter last year, the business posted $0.24 earnings per share. Sell-side analysts anticipate that Hudson Pacific Properties, Inc. will post 0.62 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.