Hudson Pacific Properties, Inc. (NYSE:HPP) CEO Victor J. Coleman Purchases 50,000 Shares

Hudson Pacific Properties, Inc. (NYSE:HPP) CEO Victor J. Coleman bought 50,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were acquired at an average price of $2.87 per share, for a total transaction of $143,500.00. Following the completion of the transaction, the chief executive officer now owns 487,451 shares in the company, valued at approximately $1,398,984.37. This trade represents a 11.43 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Hudson Pacific Properties Stock Performance

Shares of HPP stock opened at $2.61 on Friday. The company has a market capitalization of $368.62 million, a P/E ratio of -1.25 and a beta of 1.27. Hudson Pacific Properties, Inc. has a 52 week low of $2.39 and a 52 week high of $9.85. 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 company’s 50 day moving average price is $3.96 and its two-hundred day moving average price is $4.66.

Institutional Investors Weigh In On Hudson Pacific Properties

Several institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its stake in Hudson Pacific Properties by 549.1% in the 3rd quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 5,013 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Hudson Pacific Properties in the third quarter valued at approximately $44,000. Stifel Financial Corp bought a new stake in shares of Hudson Pacific Properties in the third quarter worth $48,000. MQS Management LLC acquired a new position in Hudson Pacific Properties during the third quarter worth $58,000. Finally, Metis Global Partners LLC bought a new position in Hudson Pacific Properties in the third quarter valued at $66,000. 97.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HPP. Bank of America cut their price objective on shares of Hudson Pacific Properties from $4.50 to $4.00 and set an “underperform” rating on the stock in a report on Thursday, August 22nd. Piper Sandler reduced their price target on Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Wells Fargo & Company dropped their price objective on Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating for the company in a report on Wednesday, September 11th. Scotiabank decreased their target price on Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating for the company in a research report on Monday, August 26th. Finally, Jefferies Financial Group lowered shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $5.50 to $5.00 in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Hudson Pacific Properties presently has a consensus rating of “Hold” and an average target price of $6.17.

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.