Investors Buy Large Volume of Hudson Pacific Properties Call Options (NYSE:HPP)

Hudson Pacific Properties, Inc. (NYSE:HPP) was the target of unusually large options trading activity on Thursday. Stock investors bought 5,334 call options on the company. This is an increase of 460% compared to the typical daily volume of 953 call options.

Insider Transactions at Hudson Pacific Properties

In related news, COO Andy Wattula sold 9,356 shares of Hudson Pacific Properties stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $5.28, for a total transaction of $49,399.68. Following the completion of the sale, the chief operating officer now owns 61,068 shares of the company’s stock, valued at $322,439.04. The trade was a 13.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Victor J. Coleman acquired 50,000 shares of the firm’s stock in a transaction on 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 position. The disclosure for this purchase can be found here. Corporate insiders own 2.95% of the company’s stock.

Hedge Funds Weigh In On Hudson Pacific Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in Hudson Pacific Properties by 120.9% in the 3rd quarter. Barclays PLC now owns 244,222 shares of the real estate investment trust’s stock valued at $1,168,000 after buying an additional 133,673 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Hudson Pacific Properties by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,426,417 shares of the real estate investment trust’s stock valued at $16,381,000 after purchasing an additional 154,101 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Hudson Pacific Properties by 11.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 212,406 shares of the real estate investment trust’s stock worth $1,015,000 after purchasing an additional 22,167 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Hudson Pacific Properties by 13.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 185,000 shares of the real estate investment trust’s stock worth $884,000 after purchasing an additional 22,300 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Hudson Pacific Properties during the 3rd quarter valued at about $592,000. 97.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HPP has been the topic of several research analyst reports. Piper Sandler reduced their price objective on shares of Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating on the stock in a report on Friday, November 15th. Jefferies Financial Group lowered Hudson Pacific Properties from a “buy” rating to a “hold” rating and cut their price target for the stock from $5.50 to $5.00 in a research report on Tuesday, November 12th. Scotiabank dropped their price target on Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research report on Monday, August 26th. Bank of America reduced 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. Finally, Wells Fargo & Company dropped their price objective 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 issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Hudson Pacific Properties has a consensus rating of “Hold” and an average target price of $6.17.

Hudson Pacific Properties Stock Down 6.2 %

Shares of Hudson Pacific Properties stock traded down $0.16 during trading on Thursday, hitting $2.44. 1,243,314 shares of the stock traded hands, compared to its average volume of 2,569,826. The stock has a market cap of $344.61 million, a P/E ratio of -1.17 and a beta of 1.27. The company has a fifty day moving average price of $4.00 and a two-hundred day moving average price of $4.67. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. Hudson Pacific Properties has a twelve month low of $2.44 and a twelve month high of $9.85.

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.