CastleKnight Management LP Sells 121,900 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP)

CastleKnight Management LP reduced its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 50.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 121,800 shares of the real estate investment trust’s stock after selling 121,900 shares during the period. CastleKnight Management LP’s holdings in Hudson Pacific Properties were worth $369,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its position in shares of Hudson Pacific Properties by 71.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 18,674 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 7,807 shares during the period. Envestnet Asset Management Inc. grew its stake in Hudson Pacific Properties by 15.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 65,672 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 8,775 shares during the last quarter. GeoWealth Management LLC bought a new position in Hudson Pacific Properties in the 4th quarter valued at about $27,000. Xponance Inc. acquired a new stake in Hudson Pacific Properties during the fourth quarter worth approximately $30,000. Finally, Opinicus Capital Inc. acquired a new position in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $32,000. Institutional investors own 97.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HPP. The Goldman Sachs Group reduced their price target on Hudson Pacific Properties from $3.40 to $2.30 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. BMO Capital Markets raised shares of Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $4.00 to $5.00 in a research report on Friday, March 28th. Scotiabank lowered their price target on shares of 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. Mizuho cut their price objective on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, Wedbush reaffirmed a “neutral” rating on shares of Hudson Pacific Properties in a report on Monday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $3.14.

Hudson Pacific Properties Stock Down 0.4 %

NYSE HPP opened at $2.22 on Wednesday. The business has a fifty day moving average price of $2.59 and a two-hundred day moving average price of $3.11. The stock has a market capitalization of $313.89 million, a PE ratio of -0.86 and a beta of 1.48. Hudson Pacific Properties, Inc. has a fifty-two week low of $1.88 and a fifty-two week high of $6.29. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26.

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