Boothbay Fund Management LLC Invests $40,000 in Hudson Pacific Properties, Inc. (NYSE:HPP)

Boothbay Fund Management LLC bought a new stake in Hudson Pacific Properties, Inc. (NYSE:HPP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,066 shares of the real estate investment trust’s stock, valued at approximately $40,000.

A number of other institutional investors have also made changes to their positions in HPP. GeoWealth Management LLC acquired a new stake in Hudson Pacific Properties in the 4th quarter valued at about $27,000. Xponance Inc. acquired a new position in shares of Hudson Pacific Properties during the fourth quarter worth approximately $30,000. Opinicus Capital Inc. bought a new stake in shares of Hudson Pacific Properties during the fourth quarter valued at approximately $32,000. Cibc World Markets Corp acquired a new stake in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $39,000. Finally, Mutual Advisors LLC bought a new position in Hudson Pacific Properties in the 4th quarter worth approximately $44,000. 97.58% of the stock is owned by institutional investors.

Hudson Pacific Properties Stock Up 2.8 %

Shares of NYSE HPP opened at $2.24 on Monday. The firm has a 50 day moving average price of $2.63 and a 200 day moving average price of $3.14. 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 stock has a market cap of $316.72 million, a P/E ratio of -0.87 and a beta of 1.30. Hudson Pacific Properties, Inc. has a 52-week low of $1.88 and a 52-week high of $6.29.

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

Analysts Set New Price Targets

HPP has been the topic of a number of recent research reports. Piper Sandler decreased their price objective on Hudson Pacific Properties from $3.50 to $2.50 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. 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. The Goldman Sachs Group dropped their price objective on Hudson Pacific Properties from $3.40 to $2.30 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Morgan Stanley reaffirmed an “underweight” rating and issued a $1.75 target price on shares of Hudson Pacific Properties in a research note on Tuesday, April 15th. Finally, Scotiabank dropped their price target on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $3.14.

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.