Hudson Pacific Properties, Inc. (NYSE:HPP) CEO Buys $176,500.00 in Stock

Hudson Pacific Properties, Inc. (NYSE:HPP) CEO Victor J. Coleman bought 50,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were bought at an average cost of $3.53 per share, for a total transaction of $176,500.00. Following the purchase, the chief executive officer now owns 437,451 shares of the company’s stock, valued at approximately $1,544,202.03. The trade was a 12.90 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hudson Pacific Properties Trading Up 6.4 %

NYSE:HPP opened at $3.85 on Thursday. Hudson Pacific Properties, Inc. has a 52 week low of $3.01 and a 52 week high of $9.85. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. The firm’s fifty day moving average is $4.38 and its 200-day moving average is $4.84. The firm has a market cap of $543.74 million, a P/E ratio of -1.84 and a beta of 1.31.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HPP shares. The Goldman Sachs Group reduced their price objective on Hudson Pacific Properties from $6.50 to $4.70 and set a “neutral” rating on the stock in a research report on Wednesday, August 14th. Scotiabank lowered their price objective on Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating for the company in a research note on Monday, August 26th. Piper Sandler cut their target price on shares of Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Jefferies Financial Group cut shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating and decreased their price target for the company from $5.50 to $5.00 in a research report on Tuesday, November 12th. Finally, Bank of America cut their price target on shares of Hudson Pacific Properties from $4.50 to $4.00 and set an “underperform” rating on the stock in a report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Hudson Pacific Properties has a consensus rating of “Hold” and an average price target of $6.17.

Institutional Trading of Hudson Pacific Properties

A number of institutional investors have recently bought and sold shares of HPP. Blue Trust Inc. raised its position in shares of Hudson Pacific Properties by 549.1% in the 3rd quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 5,013 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in Hudson Pacific Properties in the third quarter worth approximately $44,000. Stifel Financial Corp acquired a new position in Hudson Pacific Properties in the third quarter valued at approximately $48,000. Key Client Fiduciary Advisors LLC bought a new position in shares of Hudson Pacific Properties during the 2nd quarter worth approximately $53,000. Finally, MQS Management LLC bought a new position in shares of Hudson Pacific Properties during the 3rd quarter worth approximately $58,000. Institutional investors own 97.58% of the company’s stock.

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.