Hudson Pacific Properties Target of Unusually Large Options Trading (NYSE:HPP)

Hudson Pacific Properties, Inc. (NYSE:HPP) saw unusually large options trading on Thursday. Stock traders bought 5,334 call options on the stock. This represents an increase of 460% compared to the average volume of 953 call options.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HPP. Piper Sandler lowered their price target on shares of Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating on the stock in a report on Friday, November 15th. Jefferies Financial Group lowered shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating and cut their price target for the stock from $5.50 to $5.00 in a report on Tuesday, November 12th. Wells Fargo & Company reduced their price target on Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating on the stock in a research report on Wednesday, September 11th. Finally, Scotiabank lowered their price objective on Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating for the company in a research report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.17.

Insiders Place Their Bets

In other Hudson Pacific Properties news, CEO Victor J. Coleman acquired 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average cost of $2.87 per share, with a total value of $143,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 487,451 shares in the company, valued at $1,398,984.37. This represents a 11.43 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.95% of the stock is currently owned by company insiders.

Institutional Trading of Hudson Pacific Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of Hudson Pacific Properties by 549.1% during the 3rd quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 5,013 shares during the period. Venturi Wealth Management LLC acquired a new position in Hudson Pacific Properties during the third quarter worth $44,000. Stifel Financial Corp purchased a new position in Hudson Pacific Properties during the third quarter valued at $48,000. MQS Management LLC acquired a new stake in shares of Hudson Pacific Properties in the third quarter valued at about $58,000. Finally, Metis Global Partners LLC purchased a new stake in Hudson Pacific Properties during the 3rd quarter worth approximately $66,000. Institutional investors and hedge funds own 97.58% of the company’s stock.

Hudson Pacific Properties Price Performance

Shares of NYSE HPP opened at $2.93 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. The stock has a market capitalization of $413.81 million, a price-to-earnings ratio of -1.40 and a beta of 1.27. The firm’s 50 day simple moving average is $3.93 and its 200-day simple moving average is $4.64. Hudson Pacific Properties has a 12 month low of $2.39 and a 12 month high of $9.85.

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.