Victor J. Coleman Purchases 50,000 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP) Stock

Hudson Pacific Properties, Inc. (NYSE:HPP) CEO Victor J. Coleman acquired 50,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was bought at an average cost of $3.53 per share, for a total transaction of $176,500.00. Following the completion of the transaction, the chief executive officer now directly owns 437,451 shares of the company’s stock, valued at approximately $1,544,202.03. This trade represents a 12.90 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hudson Pacific Properties Trading Up 6.4 %

HPP opened at $3.85 on Thursday. The stock has a market capitalization of $543.74 million, a price-to-earnings ratio of -1.84 and a beta of 1.31. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. Hudson Pacific Properties, Inc. has a twelve month low of $3.01 and a twelve month high of $9.85. The company has a 50-day simple moving average of $4.38 and a 200 day simple moving average of $4.84.

Institutional Trading of Hudson Pacific Properties

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. increased its stake in Hudson Pacific Properties by 549.1% in the third quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 5,013 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Hudson Pacific Properties in the 3rd quarter valued at $44,000. Stifel Financial Corp bought a new position in shares of Hudson Pacific Properties in the 3rd quarter valued at $48,000. Key Client Fiduciary Advisors LLC acquired a new position in shares of Hudson Pacific Properties during the 2nd quarter worth $53,000. Finally, MQS Management LLC bought a new stake in shares of Hudson Pacific Properties during the 3rd quarter worth $58,000. Institutional investors own 97.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HPP. Jefferies Financial Group cut shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating and lowered their price target for the company from $5.50 to $5.00 in a report on Tuesday, November 12th. Wolfe Research cut Hudson Pacific Properties from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 14th. Scotiabank decreased their price objective on Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating on the stock in a report on Monday, August 26th. BMO Capital Markets cut Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $8.00 to $6.00 in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group reduced their target price on shares of 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. Two equities 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $6.17.

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.