12,186 Shares in Hudson Pacific Properties, Inc. (NYSE:HPP) Acquired by MQS Management LLC

MQS Management LLC acquired a new position in Hudson Pacific Properties, Inc. (NYSE:HPP) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 12,186 shares of the real estate investment trust’s stock, valued at approximately $58,000.

Several other institutional investors have also recently bought and sold shares of HPP. Blue Trust Inc. raised its position in Hudson Pacific Properties by 549.1% in the 3rd quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 5,013 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Hudson Pacific Properties during the 3rd quarter valued at $44,000. Key Client Fiduciary Advisors LLC bought a new stake in shares of Hudson Pacific Properties during the 2nd quarter valued at $53,000. Regent Peak Wealth Advisors LLC bought a new stake in shares of Hudson Pacific Properties during the 3rd quarter valued at $85,000. Finally, Shell Asset Management Co. bought a new stake in shares of Hudson Pacific Properties during the 1st quarter valued at $107,000. Institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Price Performance

Shares of NYSE HPP opened at $3.68 on Friday. The firm has a market cap of $519.73 million, a PE ratio of -1.76 and a beta of 1.31. The company has a current ratio of 1.26, a quick ratio of 1.47 and a debt-to-equity ratio of 1.47. Hudson Pacific Properties, Inc. has a 1-year low of $3.66 and a 1-year high of $9.85. The company has a fifty day moving average price of $4.60 and a 200 day moving average price of $4.95.

Insider Buying and Selling

In other Hudson Pacific Properties news, COO Andy Wattula sold 9,356 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $5.28, for a total transaction of $49,399.68. Following the sale, the chief operating officer now directly owns 61,068 shares of the company’s stock, valued at $322,439.04. The trade was a 13.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jonathan M. Glaser sold 9,287 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $5.20, for a total transaction of $48,292.40. Following the sale, the director now directly owns 3,713 shares in the company, valued at $19,307.60. This trade represents a 71.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on HPP shares. Wells Fargo & Company dropped their target price on shares of Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating for the company in a research report on Wednesday, September 11th. BMO Capital Markets cut shares of Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $8.00 to $6.00 in a research report on Thursday, August 8th. Bank of America dropped their target price on shares of 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. Scotiabank dropped their target price on shares of Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating for the company in a research report on Monday, August 26th. Finally, Piper Sandler decreased their price target on shares of Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $6.17.

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.