Pursue Wealth Partners LLC Makes New $113,000 Investment in Hudson Pacific Properties, Inc. (NYSE:HPP)

Pursue Wealth Partners LLC bought a new position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,175 shares of the real estate investment trust’s stock, valued at approximately $113,000.

Other hedge funds also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. boosted its stake in Hudson Pacific Properties by 103,925.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 4,161 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 4,157 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Hudson Pacific Properties during the third quarter worth about $58,000. Optas LLC acquired a new stake in shares of Hudson Pacific Properties during the third quarter worth about $67,000. Sage Rhino Capital LLC acquired a new stake in shares of Hudson Pacific Properties during the third quarter worth about $67,000. Finally, Paces Ferry Wealth Advisors LLC acquired a new stake in shares of Hudson Pacific Properties during the third quarter worth about $71,000. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Stock Up 0.7 %

HPP stock traded up $0.04 during midday trading on Friday, reaching $5.72. 1,808,774 shares of the company were exchanged, compared to its average volume of 1,904,266. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.79 and a current ratio of 1.79. Hudson Pacific Properties, Inc. has a 1-year low of $4.05 and a 1-year high of $9.85. The stock’s 50-day simple moving average is $6.34 and its 200 day simple moving average is $6.86. The company has a market cap of $807.35 million, a price-to-earnings ratio of -4.18, a price-to-earnings-growth ratio of 0.48 and a beta of 1.30.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. Hudson Pacific Properties had a negative net margin of 19.20% and a negative return on equity of 5.74%. The company had revenue of $223.42 million for the quarter, compared to analysts’ expectations of $223.93 million. During the same quarter last year, the company earned $0.49 earnings per share. The firm’s revenue for the quarter was down 17.2% on a year-over-year basis. On average, equities analysts forecast that Hudson Pacific Properties, Inc. will post 1.05 earnings per share for the current year.

Hudson Pacific Properties Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 18th were issued a dividend of $0.05 per share. The ex-dividend date was Friday, March 15th. Hudson Pacific Properties’s payout ratio is currently -14.60%.

Analysts Set New Price Targets

Several analysts have recently issued reports on HPP shares. Jefferies Financial Group raised shares of Hudson Pacific Properties from a “hold” rating to a “buy” rating and increased their price target for the stock from $6.00 to $12.00 in a research report on Tuesday, January 2nd. Morgan Stanley reduced their price target on shares of Hudson Pacific Properties from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 28th. BMO Capital Markets increased their price target on shares of Hudson Pacific Properties from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, January 4th. The Goldman Sachs Group raised their target price on shares of Hudson Pacific Properties from $7.10 to $10.60 and gave the company a “neutral” rating in a report on Thursday, January 11th. Finally, Wedbush cut shares of Hudson Pacific Properties from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $11.00 to $7.50 in a report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.05.

Insiders Place Their Bets

In other Hudson Pacific Properties news, Director Barry A. Sholem bought 40,000 shares of the stock in a transaction dated Wednesday, February 21st. The shares were acquired at an average cost of $6.69 per share, for a total transaction of $267,600.00. Following the completion of the transaction, the director now owns 70,176 shares in the company, valued at approximately $469,477.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CIO Drew Gordon sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $7.11, for a total transaction of $71,100.00. Following the transaction, the executive now directly owns 116,694 shares in the company, valued at $829,694.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Barry A. Sholem bought 40,000 shares of the stock in a transaction dated Wednesday, February 21st. The shares were acquired at an average price of $6.69 per share, for a total transaction of $267,600.00. Following the completion of the transaction, the director now owns 70,176 shares of the company’s stock, valued at approximately $469,477.44. The disclosure for this purchase can be found here. 2.95% of the stock is owned by corporate insiders.

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.