Alpine Global Management LLC Purchases New Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

Alpine Global Management LLC acquired a new position in Hudson Pacific Properties, Inc. (NYSE:HPP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 61,154 shares of the real estate investment trust’s stock, valued at approximately $185,000.

A number of other large investors have also recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its position in shares of Hudson Pacific Properties by 71.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 18,674 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 7,807 shares during the period. Envestnet Asset Management Inc. raised its stake in Hudson Pacific Properties by 15.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 65,672 shares of the real estate investment trust’s stock worth $199,000 after buying an additional 8,775 shares in the last quarter. GeoWealth Management LLC bought a new stake in Hudson Pacific Properties during the 4th quarter valued at approximately $27,000. Xponance Inc. purchased a new position in shares of Hudson Pacific Properties during the 4th quarter worth approximately $30,000. Finally, Stifel Financial Corp purchased a new position in shares of Hudson Pacific Properties during the 3rd quarter worth approximately $48,000. 97.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HPP shares. Scotiabank dropped their price objective on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 18th. Morgan Stanley reissued an “underweight” rating and issued a $1.75 price target on shares of Hudson Pacific Properties in a research report on Tuesday, April 15th. Mizuho reduced their price objective on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Piper Sandler dropped their target price on Hudson Pacific Properties from $3.50 to $2.50 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Finally, BMO Capital Markets upgraded Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and raised their price target for the company from $4.00 to $5.00 in a report on Friday, March 28th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $3.14.

Hudson Pacific Properties Trading Up 1.1 %

Shares of NYSE:HPP opened at $2.23 on Wednesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26. Hudson Pacific Properties, Inc. has a 1 year low of $2.00 and a 1 year high of $6.29. The company has a market cap of $314.51 million, a P/E ratio of -0.87 and a beta of 1.30. The stock’s fifty day moving average price is $2.76 and its 200-day moving average price is $3.28.

Hudson Pacific Properties (NYSE:HPP) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. The business had revenue of $209.67 million for the quarter, compared to analysts’ expectations of $207.95 million. Sell-side analysts expect that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current year.

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.