Rpo LLC Makes New Investment in Hudson Pacific Properties, Inc. (NYSE:HPP)

Rpo LLC purchased a new stake in Hudson Pacific Properties, Inc. (NYSE:HPP) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 17,114 shares of the real estate investment trust’s stock, valued at approximately $52,000.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in Hudson Pacific Properties by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,668,360 shares of the real estate investment trust’s stock valued at $17,175,000 after acquiring an additional 458,783 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Hudson Pacific Properties by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 3,488,285 shares of the real estate investment trust’s stock worth $10,572,000 after purchasing an additional 61,868 shares in the last quarter. Presima Securities ULC lifted its holdings in shares of Hudson Pacific Properties by 8.0% during the 4th quarter. Presima Securities ULC now owns 2,504,983 shares of the real estate investment trust’s stock valued at $7,590,000 after purchasing an additional 185,699 shares during the last quarter. Davis Selected Advisers boosted its position in shares of Hudson Pacific Properties by 88.0% in the 4th quarter. Davis Selected Advisers now owns 2,280,963 shares of the real estate investment trust’s stock worth $6,911,000 after purchasing an additional 1,067,940 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Hudson Pacific Properties by 82.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,413,993 shares of the real estate investment trust’s stock worth $4,284,000 after buying an additional 640,445 shares during the last quarter. 97.58% of the stock is currently owned by institutional investors.

Hudson Pacific Properties Trading Up 5.1 %

Shares of Hudson Pacific Properties stock opened at $3.07 on Thursday. The stock has a market cap of $433.95 million, a PE ratio of -1.19 and a beta of 1.31. The firm has a fifty day moving average price of $3.02 and a 200 day moving average price of $3.55. Hudson Pacific Properties, Inc. has a 1 year low of $2.39 and a 1 year high of $6.69. 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 (NYSE:HPP) last released its quarterly earnings data 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. The business had revenue of $209.67 million during the quarter, compared to analyst estimates of $207.95 million. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. Equities research analysts predict that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HPP has been the subject of a number of research analyst reports. BMO Capital Markets upgraded Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and increased their price target for the company from $4.00 to $5.00 in a research note on Friday, March 28th. The Goldman Sachs Group decreased their price objective on shares of Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating for the company in a research report 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 report on Tuesday, February 18th. Piper Sandler decreased their price target on shares of Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating for the company in a report on Monday, February 24th. Finally, Morgan Stanley lowered their price objective on shares of Hudson Pacific Properties from $2.40 to $2.25 and set an “underweight” rating for the company in a research note on Tuesday, March 18th. Two equities research 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.43.

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.