Hudson Pacific Properties, Inc. (NYSE:HPP) Shares Sold by Winslow Asset Management Inc.

Winslow Asset Management Inc. trimmed its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 15.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,345 shares of the real estate investment trust’s stock after selling 7,665 shares during the quarter. Winslow Asset Management Inc.’s holdings in Hudson Pacific Properties were worth $128,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HPP. Blue Trust Inc. grew its stake in Hudson Pacific Properties by 549.1% during the 3rd 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 in the last quarter. Opinicus Capital Inc. acquired a new position in Hudson Pacific Properties during the 4th quarter worth $32,000. Venturi Wealth Management LLC acquired a new position in Hudson Pacific Properties during the 3rd quarter worth $44,000. Mutual Advisors LLC acquired a new position in Hudson Pacific Properties during the 4th quarter worth $44,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Hudson Pacific Properties during the 4th quarter worth about $45,000. 97.58% of the stock is owned by institutional investors and hedge funds.

Hudson Pacific Properties Price Performance

Shares of NYSE HPP opened at $3.29 on Monday. The stock has a market cap of $465.05 million, a PE ratio of -1.28 and a beta of 1.30. 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 52-week low of $2.39 and a 52-week high of $7.20. The business has a 50-day moving average price of $3.00 and a 200 day moving average price of $3.89.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The firm had revenue of $209.67 million during the quarter, compared to the consensus estimate of $207.95 million. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. Equities research analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on HPP. Jefferies Financial Group lowered their price objective on Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating for the company in a research report on Thursday, January 2nd. The Goldman Sachs Group lowered their price objective on Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Scotiabank lowered their price objective on Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 18th. Piper Sandler lowered their price objective on Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating for the company in a research report on Monday, February 24th. Finally, Mizuho lowered their price objective on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $4.31.

Insider Buying and Selling at Hudson Pacific Properties

In related news, CEO Victor J. Coleman acquired 50,000 shares of Hudson Pacific Properties stock in a transaction on Wednesday, December 18th. The stock was purchased at an average cost of $2.87 per share, with a total value of $143,500.00. Following the purchase, the chief executive officer now directly owns 487,451 shares in the company, valued at approximately $1,398,984.37. The trade was a 11.43 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.95% of the stock is owned by company insiders.

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.