Short Interest in Hudson Pacific Properties, Inc. (NYSE:HPP) Increases By 8.8%

Hudson Pacific Properties, Inc. (NYSE:HPP) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 27,140,000 shares, an increase of 8.8% from the November 30th total of 24,950,000 shares. Based on an average trading volume of 3,810,000 shares, the short-interest ratio is currently 7.1 days. Currently, 19.8% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HPP. Piper Sandler cut their price objective on 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 cut Hudson Pacific Properties from a “buy” rating to a “hold” rating and reduced their price target for the stock from $5.50 to $5.00 in a report on Tuesday, November 12th. Finally, Wells Fargo & Company lowered their price objective on Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating for the company in a research note on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Hudson Pacific Properties has a consensus rating of “Hold” and an average price target of $5.49.

Hudson Pacific Properties Trading Up 4.8 %

Shares of Hudson Pacific Properties stock traded up $0.14 during midday trading on Wednesday, reaching $3.03. The company had a trading volume of 5,393,285 shares, compared to its average volume of 3,729,505. The stock has a fifty day moving average price of $3.66 and a 200 day moving average price of $4.54. Hudson Pacific Properties has a fifty-two week low of $2.39 and a fifty-two week high of $9.85. The firm has a market cap of $427.93 million, a PE ratio of -1.45 and a beta of 1.27. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26.

Insider Buying and Selling at Hudson Pacific Properties

In related news, CEO Victor J. Coleman bought 50,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were purchased at an average price of $3.53 per share, for a total transaction of $176,500.00. Following the completion of the transaction, the chief executive officer now directly owns 437,451 shares of the company’s stock, valued at approximately $1,544,202.03. This represents a 12.90 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.95% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of Hudson Pacific Properties by 13.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,209,577 shares of the real estate investment trust’s stock worth $24,902,000 after buying an additional 630,932 shares during the period. Geode Capital Management LLC grew its holdings in Hudson Pacific Properties by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,426,417 shares of the real estate investment trust’s stock worth $16,381,000 after acquiring an additional 154,101 shares during the period. Millennium Management LLC raised its position in shares of Hudson Pacific Properties by 282.7% in the 2nd quarter. Millennium Management LLC now owns 1,786,692 shares of the real estate investment trust’s stock worth $8,594,000 after acquiring an additional 1,319,869 shares in the last quarter. B&I Capital AG lifted its stake in shares of Hudson Pacific Properties by 23.4% in the 2nd quarter. B&I Capital AG now owns 1,699,283 shares of the real estate investment trust’s stock valued at $8,174,000 after purchasing an additional 322,033 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Hudson Pacific Properties by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,290,803 shares of the real estate investment trust’s stock valued at $6,209,000 after purchasing an additional 43,728 shares in the last quarter. Institutional investors and hedge funds own 97.58% of the company’s stock.

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.