Green Alpha Advisors LLC Grows Holdings in Hudson Pacific Properties, Inc. (NYSE:HPP)

Green Alpha Advisors LLC grew its position in Hudson Pacific Properties, Inc. (NYSE:HPP) by 77.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 521,592 shares of the real estate investment trust’s stock after acquiring an additional 228,079 shares during the period. Hudson Pacific Properties comprises approximately 1.3% of Green Alpha Advisors LLC’s investment portfolio, making the stock its 24th biggest position. Green Alpha Advisors LLC owned approximately 0.37% of Hudson Pacific Properties worth $1,580,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HPP. Millennium Management LLC raised its holdings in 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 worth $8,594,000 after purchasing an additional 1,319,869 shares during the period. Scion Asset Management LLC acquired a new position in shares of Hudson Pacific Properties during the 2nd quarter worth approximately $5,505,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Hudson Pacific Properties by 450.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,066,056 shares of the real estate investment trust’s stock worth $5,096,000 after buying an additional 872,538 shares during the period. GSA Capital Partners LLP lifted its position in shares of Hudson Pacific Properties by 1,822.5% during the 3rd quarter. GSA Capital Partners LLP now owns 760,086 shares of the real estate investment trust’s stock valued at $3,633,000 after buying an additional 720,549 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew 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 valued at $24,902,000 after acquiring an additional 630,932 shares during the period. 97.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Jefferies Financial Group reduced their price objective on shares of Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating for the company in a research report on Thursday, January 2nd. Piper Sandler reduced their price target on shares of Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating for the company in a research report on Friday, November 15th. Finally, Mizuho lowered their price objective on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.08.

Hudson Pacific Properties Trading Down 4.4 %

Shares of Hudson Pacific Properties stock opened at $2.60 on Monday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26. The stock’s 50 day simple moving average is $3.41 and its 200-day simple moving average is $4.42. The stock has a market cap of $367.20 million, a P/E ratio of -1.24 and a beta of 1.30. Hudson Pacific Properties, Inc. has a 1-year low of $2.39 and a 1-year high of $9.26.

Insiders Place Their Bets

In other news, CEO Victor J. Coleman bought 50,000 shares of Hudson Pacific Properties stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of $2.87 per share, with a total value of $143,500.00. Following the completion of the purchase, the chief executive officer now directly owns 487,451 shares of the company’s stock, valued at approximately $1,398,984.37. This trade represents a 11.43 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.95% of the stock is currently owned by corporate insiders.

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.