First Trust Direct Indexing L.P. Makes New $102,000 Investment in Hudson Pacific Properties, Inc. (NYSE:HPP)

First Trust Direct Indexing L.P. bought a new stake in Hudson Pacific Properties, Inc. (NYSE:HPP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,981 shares of the real estate investment trust’s stock, valued at approximately $102,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Financial Gravity Asset Management Inc. raised its stake in Hudson Pacific Properties by 103,925.0% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 4,161 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 4,157 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Hudson Pacific Properties in the third quarter valued at approximately $58,000. Optas LLC acquired a new stake in Hudson Pacific Properties during the third quarter worth approximately $67,000. Sage Rhino Capital LLC bought a new position in Hudson Pacific Properties during the 3rd quarter worth $67,000. Finally, Paces Ferry Wealth Advisors LLC acquired a new position in Hudson Pacific Properties in the 3rd quarter valued at $71,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hudson Pacific Properties

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

Hudson Pacific Properties Price Performance

Shares of HPP opened at $5.16 on Thursday. The company has a quick ratio of 1.79, a current ratio of 1.85 and a debt-to-equity ratio of 1.38. The stock has a market cap of $728.31 million, a PE ratio of -3.23, a PEG ratio of 0.46 and a beta of 1.31. Hudson Pacific Properties, Inc. has a 12-month low of $4.05 and a 12-month high of $9.85. The business has a 50-day simple moving average of $6.17 and a two-hundred day simple moving average of $6.86.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. Hudson Pacific Properties had a negative return on equity of 6.91% and a negative net margin of 23.48%. The company had revenue of $223.42 million during the quarter, compared to the consensus estimate of $223.93 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The firm’s revenue was down 17.2% compared to the same quarter last year. Analysts anticipate that Hudson Pacific Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Hudson Pacific Properties Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Thursday, March 28th. Investors 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 is -12.50%.

Analyst Ratings Changes

A number of brokerages recently commented on HPP. The Goldman Sachs Group decreased their price target on Hudson Pacific Properties from $9.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday. Piper Sandler restated an “overweight” rating and issued a $7.00 target price (down from $9.00) on shares of Hudson Pacific Properties in a research report on Friday, May 3rd. Morgan Stanley reduced their price target on shares of Hudson Pacific Properties from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 28th. Wedbush cut shares of Hudson Pacific Properties from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $11.00 to $7.50 in a research note on Tuesday, February 20th. Finally, Wolfe Research raised Hudson Pacific Properties from a “peer perform” rating to an “outperform” rating and set a $8.40 target price on the stock in a 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $8.49.

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.