Hudson Pacific Properties Target of Unusually Large Options Trading (NYSE:HPP)

Hudson Pacific Properties, Inc. (NYSE:HPP) saw unusually large options trading activity on Tuesday. Investors bought 5,834 put options on the stock. This represents an increase of 600% compared to the average daily volume of 834 put options.

Insiders Place Their Bets

In related news, CEO Victor J. Coleman acquired 50,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were purchased at an average cost of $3.53 per share, with a total value of $176,500.00. Following the completion of the transaction, the chief executive officer now owns 437,451 shares of the company’s stock, valued at approximately $1,544,202.03. This trade represents a 12.90 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jonathan M. Glaser sold 9,287 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $5.20, for a total transaction of $48,292.40. Following the transaction, the director now owns 3,713 shares in the company, valued at approximately $19,307.60. This represents a 71.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.92% of the company’s stock.

Institutional Trading of Hudson Pacific Properties

Several institutional investors have recently added to or reduced their stakes in HPP. Blue Trust Inc. increased its holdings in shares of Hudson Pacific Properties by 549.1% during the third quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 5,013 shares during the period. Venturi Wealth Management LLC bought a new position in Hudson Pacific Properties during the 3rd quarter worth $44,000. Stifel Financial Corp bought a new position in Hudson Pacific Properties during the 3rd quarter worth $48,000. Key Client Fiduciary Advisors LLC acquired a new position in Hudson Pacific Properties in the 2nd quarter valued at $53,000. Finally, MQS Management LLC bought a new stake in shares of Hudson Pacific Properties during the 3rd quarter valued at $58,000. 97.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HPP has been the subject of a number of analyst reports. Jefferies Financial Group cut 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. Piper Sandler decreased their price target on shares of Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating for the company in a 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 on the stock in a research note on Wednesday, September 11th. BMO Capital Markets cut 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 research report on Thursday, August 8th. Finally, Scotiabank lowered their target price on Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating on the stock in a report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $6.17.

Hudson Pacific Properties Stock Up 6.4 %

NYSE:HPP opened at $3.85 on Thursday. Hudson Pacific Properties has a twelve month low of $3.01 and a twelve month high of $9.85. The firm has a market capitalization of $543.74 million, a price-to-earnings ratio of -1.84 and a beta of 1.31. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. The stock’s 50 day moving average price is $4.38 and its two-hundred day moving average price is $4.84.

Hudson Pacific Properties Company 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.