Hudson Pacific Properties Inc (NYSE:HPP) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,530,000 shares, a growth of 16.8% from the January 15th total of 1,310,000 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 834,300 shares, the days-to-cover ratio is presently 1.8 days.

Institutional investors and hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. raised its holdings in Hudson Pacific Properties by 369.7% in the fourth quarter. Advisors Asset Management Inc. now owns 14,616 shares of the real estate investment trust’s stock worth $550,000 after purchasing an additional 11,504 shares in the last quarter. First Republic Investment Management Inc. bought a new position in Hudson Pacific Properties in the fourth quarter worth about $309,000. UBS Asset Management Americas Inc. raised its holdings in Hudson Pacific Properties by 4.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 915,513 shares of the real estate investment trust’s stock worth $34,469,000 after purchasing an additional 42,957 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Hudson Pacific Properties by 24.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,114,412 shares of the real estate investment trust’s stock worth $41,957,000 after purchasing an additional 219,462 shares in the last quarter. Finally, UBS Group AG raised its holdings in Hudson Pacific Properties by 33.7% in the fourth quarter. UBS Group AG now owns 302,040 shares of the real estate investment trust’s stock worth $11,371,000 after purchasing an additional 76,095 shares in the last quarter.

Shares of HPP traded up $0.51 during trading hours on Friday, reaching $38.70. 1,019,400 shares of the company traded hands, compared to its average volume of 1,097,416. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 138.21, a PEG ratio of 2.58 and a beta of 0.71. Hudson Pacific Properties has a 12-month low of $32.08 and a 12-month high of $38.70. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.86. The stock’s fifty day moving average price is $36.88 and its 200 day moving average price is $35.16.

HPP has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. ValuEngine raised shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Mizuho started coverage on shares of Hudson Pacific Properties in a research note on Monday, February 3rd. They set a “buy” rating and a $42.00 price objective for the company. Goldman Sachs Group started coverage on shares of Hudson Pacific Properties in a research note on Friday, November 8th. They set a “buy” rating and a $41.00 target price for the company. Finally, BTIG Research set a $40.00 target price on shares of Hudson Pacific Properties and gave the company a “buy” rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. Hudson Pacific Properties presently has a consensus rating of “Buy” and an average price target of $40.57.

About Hudson Pacific Properties

Hudson Pacific Properties is a visionary real estate investment trust that owns and operates more than 17 million square feet of marquee office and studio properties. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more.

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