Quadrature Capital Ltd Decreases Stock Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

Quadrature Capital Ltd decreased its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 3.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,078 shares of the real estate investment trust’s stock after selling 4,075 shares during the period. Quadrature Capital Ltd owned approximately 0.09% of Hudson Pacific Properties worth $593,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HPP. Van ECK Associates Corp boosted its stake in Hudson Pacific Properties by 9.9% during the third quarter. Van ECK Associates Corp now owns 26,718 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 2,399 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Hudson Pacific Properties by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 83,572 shares of the real estate investment trust’s stock valued at $402,000 after acquiring an additional 2,408 shares during the last quarter. abrdn plc boosted its position in shares of Hudson Pacific Properties by 10.5% during the 3rd quarter. abrdn plc now owns 28,406 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 2,710 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Hudson Pacific Properties by 10.0% in the third quarter. Amalgamated Bank now owns 41,738 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 3,802 shares in the last quarter. Finally, Everence Capital Management Inc. increased its position in Hudson Pacific Properties by 17.4% in the third quarter. Everence Capital Management Inc. now owns 27,430 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 4,070 shares during the last quarter. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Stock Performance

Hudson Pacific Properties stock opened at $3.56 on Monday. 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 company has a market capitalization of $502.78 million, a PE ratio of -1.70 and a beta of 1.27. The company has a 50 day moving average price of $4.19 and a 200-day moving average price of $4.74. Hudson Pacific Properties, Inc. has a fifty-two week low of $3.01 and a fifty-two week high of $9.85.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Bank of America lowered their price objective on shares of Hudson Pacific Properties from $4.50 to $4.00 and set an “underperform” rating for the company in a research report on Thursday, August 22nd. Scotiabank dropped their price target on Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating for the company in a research report on Monday, August 26th. Jefferies Financial Group downgraded Hudson Pacific Properties from a “buy” rating to a “hold” rating and decreased their price objective for the company from $5.50 to $5.00 in a research report on Tuesday, November 12th. Piper Sandler dropped their target price 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. Finally, Wells Fargo & Company decreased their price target on Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating on the stock in a report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Hudson Pacific Properties currently has a consensus rating of “Hold” and an average target price of $6.17.

Insiders Place Their Bets

In other Hudson Pacific Properties news, CEO Victor J. Coleman purchased 50,000 shares of the stock in a transaction dated Monday, November 25th. The stock was purchased at an average price of $3.53 per share, with a total value of $176,500.00. Following the transaction, the chief executive officer now owns 437,451 shares of the company’s stock, valued at approximately $1,544,202.03. This trade represents a 12.90 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Andy Wattula sold 9,356 shares of Hudson Pacific Properties stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $5.28, for a total transaction of $49,399.68. Following 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 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 company 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.