Inspire Investing LLC grew its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP – Free Report) by 24.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 144,777 shares of the real estate investment trust’s stock after acquiring an additional 28,669 shares during the quarter. Inspire Investing LLC owned about 0.10% of Hudson Pacific Properties worth $397,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its position in shares of Hudson Pacific Properties by 133.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 500,928 shares of the real estate investment trust’s stock valued at $1,373,000 after acquiring an additional 286,477 shares during the last quarter. Ieq Capital LLC boosted its position in shares of Hudson Pacific Properties by 73.0% during the 1st quarter. Ieq Capital LLC now owns 33,782 shares of the real estate investment trust’s stock valued at $100,000 after acquiring an additional 14,257 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Hudson Pacific Properties by 1,150.4% in the first quarter. Russell Investments Group Ltd. now owns 260,599 shares of the real estate investment trust’s stock worth $769,000 after buying an additional 239,758 shares during the last quarter. NorthRock Partners LLC lifted its position in Hudson Pacific Properties by 58.4% in the first quarter. NorthRock Partners LLC now owns 89,688 shares of the real estate investment trust’s stock worth $266,000 after buying an additional 33,068 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Hudson Pacific Properties by 59.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,889 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 17,848 shares during the last quarter. 97.58% of the stock is currently owned by institutional investors.
Hudson Pacific Properties Price Performance
HPP opened at $2.53 on Tuesday. The business’s 50-day moving average is $2.73 and its two-hundred day moving average is $2.52. Hudson Pacific Properties, Inc. has a 1 year low of $1.78 and a 1 year high of $5.02. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.18 and a quick ratio of 2.18. The firm has a market capitalization of $959.25 million, a PE ratio of -0.90 and a beta of 1.64.
Analyst Ratings Changes
Several research firms have recently weighed in on HPP. BTIG Research decreased their target price on Hudson Pacific Properties from $8.00 to $4.75 and set a “buy” rating for the company in a research report on Wednesday, June 25th. Odeon Capital Group assumed coverage on Hudson Pacific Properties in a research note on Monday, June 16th. They set a “buy” rating and a $5.00 price target on the stock. New Street Research set a $2.40 price target on Hudson Pacific Properties in a research note on Monday. Jefferies Financial Group cut their price target on Hudson Pacific Properties from $2.50 to $2.40 and set a “hold” rating on the stock in a research note on Monday. Finally, Cantor Fitzgerald assumed coverage on Hudson Pacific Properties in a research note on Wednesday, October 1st. They set an “overweight” rating and a $3.50 price target on the stock. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $3.13.
Check Out Our Latest Report on Hudson Pacific Properties
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.
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