Helix Partners Management LP Makes New Investment in Hudson Pacific Properties, Inc. (NYSE:HPP)

Helix Partners Management LP bought a new position in Hudson Pacific Properties, Inc. (NYSE:HPP) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 191,105 shares of the real estate investment trust’s stock, valued at approximately $579,000. Hudson Pacific Properties comprises approximately 0.1% of Helix Partners Management LP’s portfolio, making the stock its 14th biggest position. Helix Partners Management LP owned about 0.14% of Hudson Pacific Properties as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Xponance Inc. acquired a new stake in Hudson Pacific Properties during the fourth quarter worth about $30,000. Opinicus Capital Inc. purchased a new stake in shares of Hudson Pacific Properties during the 4th quarter valued at approximately $32,000. Cibc World Markets Corp acquired a new position in Hudson Pacific Properties in the fourth quarter valued at approximately $39,000. Mutual Advisors LLC purchased a new position in Hudson Pacific Properties in the fourth quarter worth approximately $44,000. Finally, Sanctuary Advisors LLC acquired a new stake in Hudson Pacific Properties during the fourth quarter worth $45,000. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Stock Performance

NYSE:HPP opened at $3.07 on Thursday. The company has a market cap of $433.95 million, a price-to-earnings ratio of -1.19 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. Hudson Pacific Properties, Inc. has a 52 week low of $2.39 and a 52 week high of $6.69. The company has a fifty day simple moving average of $3.02 and a two-hundred day simple moving average of $3.55.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $209.67 million during the quarter, compared to analysts’ expectations of $207.95 million. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. As a group, equities analysts anticipate that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HPP has been the topic of several recent analyst reports. Scotiabank decreased 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 note on Tuesday, February 18th. Mizuho lowered their target price on shares of 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. Wells Fargo & Company raised shares of Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 price target on the stock in a research note on Monday, March 10th. Piper Sandler lowered their price objective on shares of 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, Morgan Stanley cut their target price on Hudson Pacific Properties from $2.40 to $2.25 and set an “underweight” rating on the stock in a research report on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Hudson Pacific Properties has a consensus rating of “Hold” and a consensus price target of $3.43.

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.