XTX Topco Ltd Buys Shares of 90,807 Hudson Pacific Properties, Inc. (NYSE:HPP)

XTX Topco Ltd bought a new stake in Hudson Pacific Properties, Inc. (NYSE:HPP) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 90,807 shares of the real estate investment trust’s stock, valued at approximately $434,000. XTX Topco Ltd owned about 0.06% of Hudson Pacific Properties at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Anthracite Investment Company Inc. purchased a new position in Hudson Pacific Properties in the third quarter valued at about $1,320,000. Wolverine Asset Management LLC grew its stake in Hudson Pacific Properties by 42.3% in the third quarter. Wolverine Asset Management LLC now owns 576,373 shares of the real estate investment trust’s stock valued at $2,755,000 after purchasing an additional 171,424 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Hudson Pacific Properties in the third quarter valued at about $1,332,000. Millennium Management LLC grew its stake in Hudson Pacific Properties by 282.7% in the second quarter. Millennium Management LLC now owns 1,786,692 shares of the real estate investment trust’s stock valued at $8,594,000 after purchasing an additional 1,319,869 shares during the last quarter. Finally, Scion Asset Management LLC purchased a new position in Hudson Pacific Properties in the second quarter valued at about $5,505,000. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Wall Street Analysts Forecast Growth

HPP has been the subject of several recent analyst reports. Jefferies Financial Group downgraded Hudson Pacific Properties from a “buy” rating to a “hold” rating and lowered their price target for the stock from $5.50 to $5.00 in a report on Tuesday, November 12th. Piper Sandler lowered their price target on Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating for the company in a report on Friday, November 15th. Scotiabank lowered their price target 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. Wells Fargo & Company lowered their price target on Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating for the company in a report on Wednesday, September 11th. Finally, Bank of America lowered their price target on Hudson Pacific Properties from $4.50 to $4.00 and set an “underperform” rating for the company in a report on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $6.17.

Insider Buying and Selling at Hudson Pacific Properties

In related news, CEO Victor J. Coleman purchased 50,000 shares of the firm’s 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 acquisition, the chief executive officer now owns 437,451 shares of the company’s stock, valued at $1,544,202.03. The trade was a 12.90 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Andy Wattula sold 9,356 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $5.28, for a total value of $49,399.68. Following the completion of the sale, the chief operating officer now owns 61,068 shares of the company’s stock, valued at $322,439.04. This trade represents a 13.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.95% of the stock is currently owned by corporate insiders.

Hudson Pacific Properties Trading Down 0.3 %

Shares of NYSE:HPP opened at $3.29 on Friday. Hudson Pacific Properties, Inc. has a 12-month low of $3.01 and a 12-month high of $9.85. The company has a market capitalization of $464.65 million, a PE ratio of -1.57 and a beta of 1.27. The business has a 50 day moving average of $4.06 and a two-hundred day moving average of $4.69. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47.

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.