Hudson Pacific Properties, Inc. (NYSE:HPP) Shares Purchased by Barclays PLC

Barclays PLC raised its position in Hudson Pacific Properties, Inc. (NYSE:HPP) by 120.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 244,222 shares of the real estate investment trust’s stock after purchasing an additional 133,673 shares during the quarter. Barclays PLC’s holdings in Hudson Pacific Properties were worth $1,168,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Blue Trust Inc. raised its holdings in Hudson Pacific Properties by 549.1% in the 3rd quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust’s stock valued at $29,000 after buying 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 valued at about $44,000. Stifel Financial Corp purchased a new stake in shares of Hudson Pacific Properties in the 3rd quarter valued at approximately $48,000. MQS Management LLC purchased a new stake in shares of Hudson Pacific Properties in the 3rd quarter valued at approximately $58,000. Finally, Metis Global Partners LLC acquired a new position in shares of Hudson Pacific Properties in the 3rd quarter worth approximately $66,000. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Insider Buying and Selling at Hudson Pacific Properties

In other Hudson Pacific Properties news, CEO Victor J. Coleman purchased 50,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was purchased 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 of the company’s stock, valued at $1,398,984.37. This trade 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 this hyperlink. Insiders own 2.95% of the company’s stock.

Wall Street Analysts Forecast Growth

HPP has been the topic of several research analyst reports. Mizuho cut their price objective on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Piper Sandler dropped their target price on Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating for the company in a research report on Friday, November 15th. Finally, Jefferies Financial Group reduced their price target on shares of Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat.com, Hudson Pacific Properties has a consensus rating of “Hold” and a consensus target price of $5.08.

Hudson Pacific Properties Stock Down 3.8 %

HPP stock opened at $2.51 on Tuesday. Hudson Pacific Properties, Inc. has a fifty-two week low of $2.39 and a fifty-two week high of $9.25. The company’s 50 day moving average price is $3.41 and its 200 day moving average price is $4.42. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $354.49 million, a price-to-earnings ratio of -1.20 and a beta of 1.30.

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.