Union Bancaire Privee UBP SA Takes Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

Union Bancaire Privee UBP SA bought a new position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 144,000 shares of the real estate investment trust’s stock, valued at approximately $436,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp grew its stake in Hudson Pacific Properties by 9.9% in the 3rd quarter. Van ECK Associates Corp now owns 26,718 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 2,399 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Hudson Pacific Properties by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 83,572 shares of the real estate investment trust’s stock worth $402,000 after acquiring an additional 2,408 shares during the last quarter. abrdn plc lifted its holdings in shares of Hudson Pacific Properties by 10.5% during the 3rd quarter. abrdn plc now owns 28,406 shares of the real estate investment trust’s stock worth $136,000 after acquiring an additional 2,710 shares during the last quarter. Amalgamated Bank increased its stake in Hudson Pacific Properties by 10.0% in the third quarter. Amalgamated Bank now owns 41,738 shares of the real estate investment trust’s stock valued at $200,000 after acquiring an additional 3,802 shares during the last quarter. Finally, Everence Capital Management Inc. increased its stake in Hudson Pacific Properties by 17.4% in the third quarter. Everence Capital Management Inc. now owns 27,430 shares of the real estate investment trust’s stock valued at $131,000 after acquiring an additional 4,070 shares during the last quarter. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Victor J. Coleman acquired 50,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was acquired at an average cost of $2.87 per share, for a total transaction of $143,500.00. Following the acquisition, the chief executive officer now owns 487,451 shares of the company’s stock, valued at $1,398,984.37. This trade represents a 11.43 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.95% of the company’s stock.

Hudson Pacific Properties Stock Performance

Hudson Pacific Properties stock opened at $3.11 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47. The firm has a market cap of $438.66 million, a P/E ratio of -1.49 and a beta of 1.30. Hudson Pacific Properties, Inc. has a 1-year low of $2.39 and a 1-year high of $8.95. The firm has a 50-day moving average of $3.15 and a 200-day moving average of $4.26.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HPP shares. Piper Sandler cut their price objective on Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating for the company in a report on Friday, November 15th. Jefferies Financial Group reduced their price target on shares of Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. Finally, Mizuho lowered their price objective on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $5.08.

Hudson Pacific Properties 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.