Quantessence Capital LLC Invests $592,000 in Hudson Pacific Properties, Inc. (NYSE:HPP)

Quantessence Capital LLC acquired a new position in Hudson Pacific Properties, Inc. (NYSE:HPP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 195,340 shares of the real estate investment trust’s stock, valued at approximately $592,000. Quantessence Capital LLC owned 0.14% of Hudson Pacific Properties at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. GeoWealth Management LLC purchased a new position in Hudson Pacific Properties during the fourth quarter valued at $27,000. Xponance Inc. bought a new stake in Hudson Pacific Properties during the fourth quarter worth about $30,000. Opinicus Capital Inc. purchased a new stake in Hudson Pacific Properties in the fourth quarter worth about $32,000. Cibc World Markets Corp purchased a new position in shares of Hudson Pacific Properties during the fourth quarter valued at approximately $39,000. Finally, Mutual Advisors LLC bought a new stake in shares of Hudson Pacific Properties in the 4th quarter worth approximately $44,000. Institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Trading Down 3.9 %

Hudson Pacific Properties stock opened at $2.20 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47. Hudson Pacific Properties, Inc. has a 12-month low of $2.00 and a 12-month high of $6.29. The firm has a market capitalization of $310.98 million, a price-to-earnings ratio of -0.86 and a beta of 1.30. The firm has a 50 day moving average of $2.77 and a 200 day moving average of $3.28.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $209.67 million for the quarter, compared to analysts’ expectations of $207.95 million. As a group, research analysts predict that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group cut their target price on Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Scotiabank dropped their target price 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. Wells Fargo & Company upgraded shares of Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 price objective for the company in a report on Monday, March 10th. Mizuho dropped their target price on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $1.75 target price on shares of Hudson Pacific Properties in a research note on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $3.26.

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.