Wolverine Asset Management LLC Has $746,000 Stock Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

Wolverine Asset Management LLC decreased its position in Hudson Pacific Properties, Inc. (NYSE:HPP) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,136 shares of the real estate investment trust’s stock after selling 3,027 shares during the period. Wolverine Asset Management LLC owned 0.06% of Hudson Pacific Properties worth $746,000 as of its most recent filing with the SEC.

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

Insider Activity at Hudson Pacific Properties

In related news, CIO Drew Gordon sold 10,000 shares of the company’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 completion of the sale, the executive now owns 116,694 shares in the company, valued at approximately $829,694.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Barry A. Sholem purchased 40,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was acquired 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $71,100.00. Following the transaction, the executive now directly owns 116,694 shares of the company’s stock, valued at approximately $829,694.34. The disclosure for this sale can be found here. Company insiders own 2.95% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HPP shares. Jefferies Financial Group upgraded Hudson Pacific Properties from a “hold” rating to a “buy” rating and boosted their target price for the stock from $6.00 to $12.00 in a report on Tuesday, January 2nd. BMO Capital Markets increased their price objective on Hudson Pacific Properties from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Thursday, January 4th. 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. Piper Sandler reduced their price objective on Hudson Pacific Properties from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Finally, Wedbush downgraded Hudson Pacific Properties from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $11.00 to $7.50 in a research report on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9.05.

Hudson Pacific Properties Stock Down 4.7 %

Shares of NYSE HPP opened at $5.67 on Friday. The firm’s fifty day moving average is $6.40 and its two-hundred day moving average is $6.87. Hudson Pacific Properties, Inc. has a 52-week low of $4.05 and a 52-week high of $9.85. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.31.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The firm had revenue of $223.42 million during the quarter, compared to analyst estimates of $223.93 million. Hudson Pacific Properties had a negative net margin of 19.20% and a negative return on equity of 5.74%. Hudson Pacific Properties’s revenue was down 17.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 EPS. On average, analysts forecast that Hudson Pacific Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Hudson Pacific Properties Dividend Announcement

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

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.