Ilmarinen Mutual Pension Insurance Co Boosts Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

Ilmarinen Mutual Pension Insurance Co grew its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 48.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,000 shares of the real estate investment trust’s stock after buying an additional 53,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co owned 0.12% of Hudson Pacific Properties worth $494,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in HPP. Xponance Inc. purchased a new stake in Hudson Pacific Properties during the 4th quarter worth $30,000. Opinicus Capital Inc. acquired a new position in shares of Hudson Pacific Properties during the fourth quarter worth about $32,000. Cibc World Markets Corp purchased a new stake in shares of Hudson Pacific Properties in the fourth quarter worth about $39,000. Mutual Advisors LLC acquired a new stake in shares of Hudson Pacific Properties in the fourth quarter valued at about $44,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Hudson Pacific Properties during the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 97.58% of the company’s stock.

Hudson Pacific Properties Stock Down 3.0 %

Shares of Hudson Pacific Properties stock opened at $2.57 on Friday. The business has a 50-day moving average price of $2.99 and a 200 day moving average price of $3.52. Hudson Pacific Properties, Inc. has a fifty-two week low of $2.39 and a fifty-two week high of $6.69. The firm has a market cap of $363.28 million, a P/E ratio of -1.00 and a beta of 1.30. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47.

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 for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. The business had revenue of $209.67 million during the quarter, compared to the consensus estimate of $207.95 million. On average, sell-side analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HPP shares. The Goldman Sachs Group decreased their price target on Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating for the company in a report on Tuesday, February 25th. BMO Capital Markets upgraded shares of Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and upped their target price for the company from $4.00 to $5.00 in a research note on Friday, March 28th. Scotiabank dropped 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. Jefferies Financial Group began coverage on shares of Hudson Pacific Properties in a report on Monday, March 17th. They issued a “hold” rating and a $2.70 price objective on the stock. Finally, Morgan Stanley lowered their target price on Hudson Pacific Properties from $2.40 to $2.25 and set an “underweight” rating for the company in a research note on Tuesday, March 18th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.43.

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.