Regent Peak Wealth Advisors LLC Makes New $85,000 Investment in Hudson Pacific Properties, Inc. (NYSE:HPP)

Regent Peak Wealth Advisors LLC purchased a new stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,770 shares of the real estate investment trust’s stock, valued at approximately $85,000.

Other hedge funds have also added to or reduced their stakes in the company. Key Client Fiduciary Advisors LLC purchased a new position in shares of Hudson Pacific Properties during the 2nd quarter valued at $53,000. Chicago Partners Investment Group LLC purchased a new position in Hudson Pacific Properties in the 4th quarter valued at approximately $125,000. NorthRock Partners LLC purchased a new position in shares of Hudson Pacific Properties in the first quarter valued at $104,000. Shell Asset Management Co. bought a new stake in shares of Hudson Pacific Properties during the 1st quarter valued at $107,000. Finally, GAMMA Investing LLC lifted its holdings in Hudson Pacific Properties by 62.4% during the 1st quarter. GAMMA Investing LLC now owns 17,864 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 6,862 shares in the last quarter. Institutional investors own 97.58% of the company’s stock.

Insider Activity

In other Hudson Pacific Properties news, COO Andy Wattula sold 9,356 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $5.28, for a total transaction of $49,399.68. Following the completion of the sale, the chief operating officer now directly owns 61,068 shares in the company, valued at approximately $322,439.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Jonathan M. Glaser sold 9,287 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $5.20, for a total value of $48,292.40. Following the completion of the sale, the director now directly owns 3,713 shares in the company, valued at $19,307.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Andy Wattula sold 9,356 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $5.28, for a total value of $49,399.68. Following the completion of the transaction, the chief operating officer now directly owns 61,068 shares in the company, valued at $322,439.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.95% of the company’s stock.

Hudson Pacific Properties Stock Up 2.6 %

Shares of NYSE:HPP traded up $0.12 during midday trading on Wednesday, reaching $4.71. The company’s stock had a trading volume of 1,146,408 shares, compared to its average volume of 2,396,534. Hudson Pacific Properties, Inc. has a 12-month low of $4.26 and a 12-month high of $9.85. The firm has a market capitalization of $664.79 million, a P/E ratio of -2.91 and a beta of 1.31. The firm has a 50 day moving average of $4.89 and a 200-day moving average of $5.20. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.41.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.50). The company had revenue of $218.00 million for the quarter, compared to the consensus estimate of $216.08 million. Hudson Pacific Properties had a negative net margin of 25.42% and a negative return on equity of 7.41%. Hudson Pacific Properties’s revenue was down 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 earnings per share. On average, research analysts anticipate that Hudson Pacific Properties, Inc. will post 0.57 earnings per share for the current year.

Analyst Ratings Changes

HPP has been the topic of several recent analyst reports. Piper Sandler cut shares of Hudson Pacific Properties from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $7.00 to $6.00 in a research note on Thursday, August 8th. The Goldman Sachs Group decreased their target price on Hudson Pacific Properties from $6.50 to $4.70 and set a “neutral” rating on the stock in a research note on Wednesday, August 14th. Scotiabank dropped their price target on Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating for the company in a research report on Monday, August 26th. Morgan Stanley downgraded shares of Hudson Pacific Properties from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $6.00 to $4.25 in a research note on Wednesday, July 10th. Finally, Wolfe Research cut shares of Hudson Pacific Properties from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $6.95.

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.