Presima Securities ULC Increases Stake in Hudson Pacific Properties, Inc. (NYSE:HPP)

Presima Securities ULC raised its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 8.0% during the 4th quarter, HoldingsChannel reports. The fund owned 2,504,983 shares of the real estate investment trust’s stock after acquiring an additional 185,699 shares during the quarter. Hudson Pacific Properties comprises approximately 1.9% of Presima Securities ULC’s portfolio, making the stock its 15th biggest holding. Presima Securities ULC’s holdings in Hudson Pacific Properties were worth $7,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of HPP. Anthracite Investment Company Inc. purchased a new position in Hudson Pacific Properties during the third quarter valued at $1,320,000. Green Alpha Advisors LLC increased its stake in Hudson Pacific Properties by 77.7% in the 4th quarter. Green Alpha Advisors LLC now owns 521,592 shares of the real estate investment trust’s stock worth $1,580,000 after buying an additional 228,079 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in Hudson Pacific Properties by 42.3% during the third quarter. Wolverine Asset Management LLC now owns 576,373 shares of the real estate investment trust’s stock valued at $2,755,000 after acquiring an additional 171,424 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Hudson Pacific Properties in the third quarter worth about $1,332,000. Finally, Millennium Management LLC grew its position in shares of Hudson Pacific Properties by 282.7% during the second quarter. Millennium Management LLC now owns 1,786,692 shares of the real estate investment trust’s stock worth $8,594,000 after purchasing an additional 1,319,869 shares in the last quarter. Institutional investors own 97.58% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on HPP. 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 note on Tuesday, January 7th. Piper Sandler reduced 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. Finally, Jefferies Financial Group dropped their price objective on shares of Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating for the company in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.08.

Insider Activity

In other news, CEO Victor J. Coleman purchased 50,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average cost of $3.53 per share, with a total value of $176,500.00. Following the purchase, the chief executive officer now owns 437,451 shares in the company, valued at approximately $1,544,202.03. This trade represents a 12.90 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.95% of the company’s stock.

Hudson Pacific Properties Stock Down 0.2 %

Shares of NYSE HPP opened at $3.16 on Friday. Hudson Pacific Properties, Inc. has a 1-year low of $2.39 and a 1-year high of $8.99. 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 business’s 50 day moving average is $3.16 and its two-hundred day moving average is $4.30.

Hudson Pacific Properties 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.