13,821 Shares in Hudson Pacific Properties, Inc. (NYSE:HPP) Purchased by Metis Global Partners LLC

Metis Global Partners LLC acquired a new position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,821 shares of the real estate investment trust’s stock, valued at approximately $66,000.

A number of other hedge funds also recently bought and sold shares of the company. Millennium Management LLC raised its holdings in shares of Hudson Pacific Properties by 282.7% during the second quarter. Millennium Management LLC now owns 1,786,692 shares of the real estate investment trust’s stock valued at $8,594,000 after acquiring an additional 1,319,869 shares during the period. Scion Asset Management LLC acquired a new stake in Hudson Pacific Properties during the 2nd quarter valued at $5,505,000. GSA Capital Partners LLP lifted its holdings in shares of Hudson Pacific Properties by 1,822.5% in the third quarter. GSA Capital Partners LLP now owns 760,086 shares of the real estate investment trust’s stock valued at $3,633,000 after purchasing an additional 720,549 shares in the last quarter. Davis Selected Advisers grew its holdings in shares of Hudson Pacific Properties by 78.0% during the second quarter. Davis Selected Advisers now owns 1,224,493 shares of the real estate investment trust’s stock valued at $5,890,000 after buying an additional 536,540 shares in the last quarter. Finally, Kennedy Capital Management LLC raised its position in Hudson Pacific Properties by 50.6% during the first quarter. Kennedy Capital Management LLC now owns 1,240,292 shares of the real estate investment trust’s stock valued at $8,000,000 after buying an additional 416,591 shares during the period. 97.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Hudson Pacific Properties

In other Hudson Pacific Properties news, Director Jonathan M. Glaser sold 9,287 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $5.20, for a total value of $48,292.40. Following the sale, the director now owns 3,713 shares of the company’s stock, valued at $19,307.60. This trade represents a 71.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Andy Wattula sold 9,356 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $5.28, for a total value of $49,399.68. Following the transaction, the chief operating officer now owns 61,068 shares of the company’s stock, valued at approximately $322,439.04. This trade represents a 13.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.92% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HPP has been the topic of several research analyst reports. The Goldman Sachs Group lowered their target price on Hudson Pacific Properties from $6.50 to $4.70 and set a “neutral” rating on the stock in a research note on Wednesday, August 14th. Wolfe Research lowered shares of Hudson Pacific Properties from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Scotiabank decreased their target price on shares of Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating for the company in a research note on Monday, August 26th. Jefferies Financial Group downgraded shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating and dropped their price target for the stock from $5.50 to $5.00 in a research note on Tuesday, November 12th. Finally, BMO Capital Markets lowered Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $8.00 to $6.00 in a report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.17.

Hudson Pacific Properties Trading Down 1.2 %

NYSE:HPP opened at $3.33 on Wednesday. The company’s 50 day moving average is $4.54 and its 200-day moving average is $4.91. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. Hudson Pacific Properties, Inc. has a 12 month low of $3.25 and a 12 month high of $9.85. The firm has a market cap of $470.30 million, a price-to-earnings ratio of -1.59 and a beta of 1.31.

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.