Catalyst Funds Management Pty Ltd Purchases Shares of 159,500 Hudson Pacific Properties, Inc. (NYSE:HPP)

Catalyst Funds Management Pty Ltd acquired a new position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 159,500 shares of the real estate investment trust’s stock, valued at approximately $483,000. Catalyst Funds Management Pty Ltd owned about 0.11% of Hudson Pacific Properties as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Amalgamated Bank grew its position in Hudson Pacific Properties by 10.0% during 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 period. Thrivent Financial for Lutherans grew its holdings in shares of Hudson Pacific Properties by 5.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 110,760 shares of the real estate investment trust’s stock worth $529,000 after purchasing an additional 5,448 shares during the period. Daiwa Securities Group Inc. increased its position in Hudson Pacific Properties by 16.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 46,527 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 6,704 shares in the last quarter. Bridgewater Associates LP raised its holdings in Hudson Pacific Properties by 56.2% in the third quarter. Bridgewater Associates LP now owns 24,590 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 8,844 shares during the period. Finally, Venturi Wealth Management LLC acquired a new position in Hudson Pacific Properties during the third quarter valued at approximately $44,000. 97.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Hudson Pacific Properties

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HPP. Piper Sandler cut their target price on shares of Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Wells Fargo & Company upgraded Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 price objective on the stock in a research note on Monday, March 10th. Mizuho lowered their target price on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Scotiabank reduced their price target on Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group lowered their price objective on shares of 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $4.26.

Hudson Pacific Properties Price Performance

HPP opened at $2.75 on Friday. The company has a market capitalization of $388.01 million, a P/E ratio of -1.07 and a beta of 1.31. The company has a 50-day moving average of $2.99 and a 200-day moving average of $3.74. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. Hudson Pacific Properties, Inc. has a 1-year low of $2.39 and a 1-year high of $6.82.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 44.01% and a negative return on equity of 12.64%. Equities analysts expect that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

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.