Brown University Acquires New Holdings in Hudson Pacific Properties, Inc. (NYSE:HPP)

Brown University acquired a new stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) during the fourth quarter, HoldingsChannel reports. The fund acquired 604,746 shares of the real estate investment trust’s stock, valued at approximately $1,832,000. Hudson Pacific Properties accounts for 0.8% of Brown University’s investment portfolio, making the stock its 9th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HPP. Cibc World Markets Corp purchased a new stake in shares of Hudson Pacific Properties in the 4th quarter worth $39,000. Catalyst Funds Management Pty Ltd bought a new stake in Hudson Pacific Properties during the fourth quarter valued at about $483,000. Davis Selected Advisers increased its position in Hudson Pacific Properties by 88.0% in the fourth quarter. Davis Selected Advisers now owns 2,280,963 shares of the real estate investment trust’s stock worth $6,911,000 after buying an additional 1,067,940 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Hudson Pacific Properties by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,668,360 shares of the real estate investment trust’s stock worth $17,175,000 after buying an additional 458,783 shares during the period. Finally, Versor Investments LP purchased a new position in shares of Hudson Pacific Properties during the 4th quarter valued at about $97,000. Institutional investors own 97.58% of the company’s stock.

Insider Buying and Selling

In other Hudson Pacific Properties news, CEO Victor J. Coleman purchased 50,000 shares of Hudson Pacific Properties stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average price of $2.87 per share, for a total transaction of $143,500.00. Following the completion of the transaction, the chief executive officer now owns 487,451 shares of the company’s stock, valued at approximately $1,398,984.37. This trade represents a 11.43 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.95% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Scotiabank reduced their target price on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating for the company in a report on Tuesday, February 18th. Jefferies Financial Group reduced 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 research note on Thursday, January 2nd. Mizuho lowered their target price on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Piper Sandler dropped their target price on shares of Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating for the company in a report on Monday, February 24th. Finally, Wells Fargo & Company raised Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 price target on the stock in a report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $4.26.

Hudson Pacific Properties Trading Up 3.6 %

Hudson Pacific Properties stock opened at $2.75 on Monday. The stock has a market cap of $388.01 million, a P/E ratio of -1.07 and a beta of 1.31. 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, Inc. has a 1 year low of $2.39 and a 1 year high of $6.82. The firm’s 50 day moving average price is $2.99 and its 200-day moving average price is $3.73.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. The firm had revenue of $209.67 million for the quarter, compared to analysts’ expectations of $207.95 million. On average, equities analysts predict that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal year.

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.