GAMMA Investing LLC Makes New $102,000 Investment in Hudson Pacific Properties, Inc. (NYSE:HPP)

GAMMA Investing LLC acquired a new position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,002 shares of the real estate investment trust’s stock, valued at approximately $102,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HPP. Financial Gravity Asset Management Inc. grew its stake in Hudson Pacific Properties by 103,925.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 4,161 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 4,157 shares in the last quarter. Quantbot Technologies LP purchased a new position in Hudson Pacific Properties during the 3rd quarter valued at about $58,000. Optas LLC purchased a new position in Hudson Pacific Properties during the 3rd quarter valued at about $67,000. Sage Rhino Capital LLC purchased a new position in Hudson Pacific Properties during the 3rd quarter valued at about $67,000. Finally, Paces Ferry Wealth Advisors LLC purchased a new position in Hudson Pacific Properties during the 3rd quarter valued at about $71,000. Institutional investors and hedge funds own 97.58% of the company’s stock.

Hudson Pacific Properties Stock Up 0.7 %

Shares of NYSE HPP opened at $5.72 on Monday. The stock has a market cap of $807.35 million, a PE ratio of -4.18, a PEG ratio of 0.48 and a beta of 1.30. The business has a fifty day moving average of $6.34 and a two-hundred day moving average of $6.86. Hudson Pacific Properties, Inc. has a 52-week low of $4.05 and a 52-week high of $9.85. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.79 and a current ratio of 1.79.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. Hudson Pacific Properties had a negative return on equity of 5.74% and a negative net margin of 19.20%. The company had revenue of $223.42 million during the quarter, compared to analysts’ expectations of $223.93 million. During the same period last year, the business earned $0.49 earnings per share. The business’s revenue was down 17.2% on a year-over-year basis. As a group, equities research analysts expect that Hudson Pacific Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Hudson Pacific Properties Announces Dividend

The firm also recently announced a — dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 18th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, March 15th. Hudson Pacific Properties’s dividend payout ratio (DPR) is presently -14.60%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Piper Sandler lowered their price target on Hudson Pacific Properties from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Morgan Stanley reduced their target price on Hudson Pacific Properties from $7.00 to $6.00 and set an “equal weight” rating for the company in a research report on Thursday, March 28th. The Goldman Sachs Group raised their target price on Hudson Pacific Properties from $7.10 to $10.60 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. BMO Capital Markets raised their target price on Hudson Pacific Properties from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, January 4th. Finally, Wolfe Research raised Hudson Pacific Properties from a “peer perform” rating to an “outperform” rating and set a $8.40 target price for the company in a research report on Monday, March 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $9.05.

Insider Activity

In other news, CIO Drew Gordon sold 10,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $7.11, for a total value of $71,100.00. Following the completion of the sale, the executive now directly owns 116,694 shares in the company, valued at $829,694.34. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CIO Drew Gordon sold 10,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $7.11, for a total value of $71,100.00. Following the completion of the sale, the executive now directly owns 116,694 shares in the company, valued at $829,694.34. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Barry A. Sholem acquired 40,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was purchased at an average price of $6.69 per share, with a total value of $267,600.00. Following the completion of the transaction, the director now owns 70,176 shares of the company’s stock, valued at $469,477.44. The disclosure for this purchase can be found here. 2.95% of the stock is currently owned by corporate insiders.

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.