Hudson Pacific Properties, Inc. (NYSE:HPP) CEO Victor J. Coleman Buys 50,000 Shares of Stock

Hudson Pacific Properties, Inc. (NYSE:HPP) CEO Victor J. Coleman acquired 50,000 shares of the stock in a transaction on Monday, November 25th. The stock was bought at an average cost of $3.53 per share, with a total value of $176,500.00. Following the completion of the transaction, the chief executive officer now owns 437,451 shares in the company, valued at $1,544,202.03. This trade represents a 12.90 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hudson Pacific Properties Stock Up 0.8 %

Shares of HPP stock opened at $3.62 on Wednesday. The stock’s fifty day moving average price is $4.41 and its 200 day moving average price is $4.85. Hudson Pacific Properties, Inc. has a 1-year low of $3.01 and a 1-year high of $9.85. The company has a market cap of $511.25 million, a price-to-earnings ratio of -1.73 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.

Analyst Upgrades and Downgrades

HPP has been the topic of several research analyst reports. BMO Capital Markets cut Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $8.00 to $6.00 in a research note on Thursday, August 8th. The Goldman Sachs Group lowered their price objective on shares of Hudson Pacific Properties from $6.50 to $4.70 and set a “neutral” rating for the company in a research note on Wednesday, August 14th. Scotiabank reduced their price target on shares of Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating for the company in a report on Monday, August 26th. Bank of America dropped their price objective on shares of Hudson Pacific Properties from $4.50 to $4.00 and set an “underperform” rating on the stock in a research note on Thursday, August 22nd. Finally, Jefferies Financial Group downgraded shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $5.50 to $5.00 in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $6.17.

Institutional Investors Weigh In On Hudson Pacific Properties

A number of large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its stake in Hudson Pacific Properties by 13.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,209,577 shares of the real estate investment trust’s stock worth $24,902,000 after purchasing an additional 630,932 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Hudson Pacific Properties by 4.7% during the third quarter. Geode Capital Management LLC now owns 3,426,417 shares of the real estate investment trust’s stock valued at $16,381,000 after buying an additional 154,101 shares during the last quarter. Millennium Management LLC increased its position in shares of Hudson Pacific Properties by 282.7% in the 2nd quarter. Millennium Management LLC now owns 1,786,692 shares of the real estate investment trust’s stock valued at $8,594,000 after acquiring an additional 1,319,869 shares during the period. B&I Capital AG lifted its position in Hudson Pacific Properties by 23.4% during the 2nd quarter. B&I Capital AG now owns 1,699,283 shares of the real estate investment trust’s stock worth $8,174,000 after acquiring an additional 322,033 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Hudson Pacific Properties by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,290,803 shares of the real estate investment trust’s stock valued at $6,209,000 after purchasing an additional 43,728 shares during the last quarter. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Company 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.