Hudson Pacific Properties Sees Unusually High Options Volume (NYSE:HPP)

Hudson Pacific Properties, Inc. (NYSE:HPP) saw some unusual options trading on Friday. Investors bought 2,404 call options on the company. This is an increase of 50% compared to the typical volume of 1,600 call options.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Thrivent Financial for Lutherans grew its stake in Hudson Pacific Properties by 5.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 110,760 shares of the real estate investment trust’s stock worth $529,000 after acquiring an additional 5,448 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Hudson Pacific Properties by 16.8% in the third quarter. Daiwa Securities Group Inc. now owns 46,527 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 6,704 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Hudson Pacific Properties by 71.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 18,674 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 7,807 shares during the period. Envestnet Asset Management Inc. raised its position in Hudson Pacific Properties by 15.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 65,672 shares of the real estate investment trust’s stock valued at $199,000 after purchasing an additional 8,775 shares in the last quarter. Finally, Bridgewater Associates LP lifted its holdings in shares of Hudson Pacific Properties by 56.2% in the 3rd quarter. Bridgewater Associates LP now owns 24,590 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 8,844 shares during the period. 97.58% of the stock is currently owned by institutional investors.

Hudson Pacific Properties Stock Performance

Hudson Pacific Properties stock opened at $2.98 on Friday. Hudson Pacific Properties has a 1-year low of $2.39 and a 1-year high of $6.69. The company’s 50-day moving average is $3.02 and its 200 day moving average is $3.60. The firm has a market capitalization of $420.53 million, a P/E ratio of -1.16 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 (NYSE:HPP) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $209.67 million during the quarter, compared to analyst estimates of $207.95 million. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. Research analysts forecast that Hudson Pacific Properties will post 0.45 EPS for the current year.

Analysts Set New Price Targets

HPP has been the topic of several recent research reports. Mizuho decreased their price objective on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Scotiabank decreased their price target on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 18th. BMO Capital Markets raised shares of Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $4.00 to $5.00 in a research note on Friday. Wells Fargo & Company upgraded shares of Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 target price on the stock in a report on Monday, March 10th. Finally, Jefferies Financial Group initiated coverage on shares of Hudson Pacific Properties in a report on Monday, March 17th. They issued a “hold” rating and a $2.70 price target for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $3.43.

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.