Hudson Pacific Properties, Inc. (NYSE:HPP) Stock Position Increased by GSA Capital Partners LLP

GSA Capital Partners LLP increased its position in Hudson Pacific Properties, Inc. (NYSE:HPP) by 1,822.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 760,086 shares of the real estate investment trust’s stock after acquiring an additional 720,549 shares during the period. Hudson Pacific Properties makes up about 0.3% of GSA Capital Partners LLP’s investment portfolio, making the stock its 17th largest position. GSA Capital Partners LLP’s holdings in Hudson Pacific Properties were worth $3,633,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of Hudson Pacific Properties by 549.1% in the third quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 5,013 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of Hudson Pacific Properties in the third quarter valued at $44,000. Key Client Fiduciary Advisors LLC acquired a new stake in shares of Hudson Pacific Properties in the second quarter valued at $53,000. NorthRock Partners LLC acquired a new stake in shares of Hudson Pacific Properties in the first quarter valued at $104,000. Finally, Shell Asset Management Co. purchased a new stake in shares of Hudson Pacific Properties during the first quarter valued at $107,000. Institutional investors and hedge funds own 97.58% of the company’s stock.

Hudson Pacific Properties Stock Down 2.6 %

Shares of Hudson Pacific Properties stock opened at $4.44 on Tuesday. The stock has a 50-day moving average price of $4.68 and a 200 day moving average price of $4.99. The company has a market cap of $627.07 million, a P/E ratio of -2.66 and a beta of 1.31. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.41. Hudson Pacific Properties, Inc. has a 1 year low of $4.11 and a 1 year high of $9.85.

Analyst Ratings Changes

Several equities research analysts have recently commented on HPP shares. The Goldman Sachs Group reduced their target price on Hudson Pacific Properties from $6.50 to $4.70 and set a “neutral” rating for the company in a report on Wednesday, August 14th. Wolfe Research downgraded Hudson Pacific Properties from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 14th. Scotiabank reduced their target price on 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. Piper Sandler downgraded Hudson Pacific Properties from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $7.00 to $6.00 in a report on Thursday, August 8th. Finally, BMO Capital Markets downgraded Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $8.00 to $6.00 in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.94.

Insider Buying and Selling

In other Hudson Pacific Properties news, Director Jonathan M. Glaser sold 9,287 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $5.20, for a total value of $48,292.40. Following the transaction, the director now directly owns 3,713 shares of the company’s stock, valued at $19,307.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Hudson Pacific Properties news, Director Jonathan M. Glaser sold 9,287 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $5.20, for a total value of $48,292.40. Following the transaction, the director now directly owns 3,713 shares of the company’s stock, valued at $19,307.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Andy Wattula sold 9,356 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $5.28, for a total value of $49,399.68. Following the completion of the transaction, the chief operating officer now directly owns 61,068 shares in the company, valued at approximately $322,439.04. The trade was a 0.00 % 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.

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.