GSA Capital Partners LLP Increases Stock Holdings in Hudson Pacific Properties, Inc. (NYSE:HPP)

GSA Capital Partners LLP lifted its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 1,822.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 760,086 shares of the real estate investment trust’s stock after buying an additional 720,549 shares during the quarter. Hudson Pacific Properties accounts for approximately 0.3% of GSA Capital Partners LLP’s holdings, making the stock its 17th largest holding. GSA Capital Partners LLP owned about 0.54% of Hudson Pacific Properties worth $3,633,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC purchased a new stake in Hudson Pacific Properties during the 3rd quarter worth approximately $44,000. Wolverine Asset Management LLC increased its holdings in Hudson Pacific Properties by 42.3% during the 3rd quarter. Wolverine Asset Management LLC now owns 576,373 shares of the real estate investment trust’s stock worth $2,755,000 after purchasing an additional 171,424 shares during the last quarter. NorthRock Partners LLC purchased a new stake in Hudson Pacific Properties during the 3rd quarter worth approximately $259,000. Amalgamated Bank increased its holdings in Hudson Pacific Properties by 10.0% during the 3rd quarter. Amalgamated Bank now owns 41,738 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 3,802 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in Hudson Pacific Properties by 9.9% during the 3rd quarter. Van ECK Associates Corp now owns 26,718 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 2,399 shares during the last quarter. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Pacific Properties Trading Down 2.6 %

NYSE:HPP opened at $4.44 on Tuesday. Hudson Pacific Properties, Inc. has a 12-month low of $4.11 and a 12-month high of $9.85. The firm has a market capitalization of $627.07 million, a P/E ratio of -2.66 and a beta of 1.31. 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 business has a 50 day simple moving average of $4.68 and a 200 day simple moving average of $4.99.

Insider Activity at Hudson Pacific Properties

In related news, Director Jonathan M. Glaser sold 9,287 shares of the business’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 completion of the transaction, the director now owns 3,713 shares in the company, valued at $19,307.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Hudson Pacific Properties news, COO Andy Wattula sold 9,356 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $5.28, for a total transaction of $49,399.68. Following the completion of the transaction, the chief operating officer now owns 61,068 shares in the company, valued at approximately $322,439.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jonathan M. Glaser sold 9,287 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $5.20, for a total value of $48,292.40. Following the transaction, the director now owns 3,713 shares of the company’s stock, valued at $19,307.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.95% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on HPP. Wells Fargo & Company dropped their price objective on Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating on the stock in a report on Wednesday, September 11th. Bank of America decreased their target price on 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. Wolfe Research lowered Hudson Pacific Properties from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, August 14th. The Goldman Sachs Group decreased their target price on Hudson Pacific Properties from $6.50 to $4.70 and set a “neutral” rating for the company in a research report on Wednesday, August 14th. Finally, BMO Capital Markets lowered Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $8.00 to $6.00 in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Hudson Pacific Properties has an average rating of “Hold” and a consensus target price of $6.94.

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.