Short Interest in Hudson Pacific Properties, Inc. (NYSE:HPP) Decreases By 21.9%

Hudson Pacific Properties, Inc. (NYSE:HPP) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 21,200,000 shares, a drop of 21.9% from the December 15th total of 27,140,000 shares. Approximately 15.5% of the shares of the stock are sold short. Based on an average trading volume of 3,940,000 shares, the days-to-cover ratio is currently 5.4 days.

Insider Buying and Selling at Hudson Pacific Properties

In other news, CEO Victor J. Coleman bought 50,000 shares of Hudson Pacific Properties stock in a transaction dated Wednesday, December 18th. The shares were 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.92% of the company’s stock.

Hedge Funds Weigh In On Hudson Pacific Properties

Large investors have recently bought and sold shares of the business. Blue Trust Inc. raised 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 worth $29,000 after buying an additional 5,013 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Hudson Pacific Properties during the third quarter worth $44,000. Stifel Financial Corp acquired a new position in shares of Hudson Pacific Properties during the third quarter worth $48,000. MQS Management LLC purchased a new stake in shares of Hudson Pacific Properties during the third quarter valued at $58,000. Finally, Metis Global Partners LLC purchased a new stake in shares of Hudson Pacific Properties during the third quarter valued at $66,000. Institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Trading Down 2.3 %

Shares of NYSE:HPP traded down $0.07 during trading hours on Thursday, hitting $2.91. 872,448 shares of the company’s stock traded hands, compared to its average volume of 2,987,961. The business has a fifty day moving average price of $3.31 and a 200-day moving average price of $4.38. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26. Hudson Pacific Properties has a 1 year low of $2.39 and a 1 year high of $9.25. The firm has a market capitalization of $410.98 million, a P/E ratio of -1.39 and a beta of 1.30.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HPP shares. Piper Sandler reduced their target price on 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 dropped their price target on Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating for the company in a research report on Thursday, January 2nd. Finally, Mizuho dropped their price target on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat, Hudson Pacific Properties currently has a consensus rating of “Hold” and a consensus price target of $5.08.

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.