Inspire Investing LLC Has $422,000 Stock Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

Inspire Investing LLC raised its stake in Hudson Pacific Properties, Inc. (NYSE:HPP) by 60.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,232 shares of the real estate investment trust’s stock after buying an additional 52,237 shares during the period. Inspire Investing LLC owned 0.10% of Hudson Pacific Properties worth $422,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Van ECK Associates Corp lifted its holdings in shares of Hudson Pacific Properties by 9.9% during the third quarter. Van ECK Associates Corp now owns 26,718 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 2,399 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Hudson Pacific Properties by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 83,572 shares of the real estate investment trust’s stock worth $402,000 after purchasing an additional 2,408 shares during the period. abrdn plc lifted its holdings in shares of Hudson Pacific Properties by 10.5% during the third quarter. abrdn plc now owns 28,406 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 2,710 shares during the period. Amalgamated Bank lifted its holdings in shares of Hudson Pacific Properties by 10.0% during the third quarter. Amalgamated Bank now owns 41,738 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 3,802 shares during the period. Finally, Everence Capital Management Inc. lifted its holdings in shares of Hudson Pacific Properties by 17.4% during the third quarter. Everence Capital Management Inc. now owns 27,430 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 4,070 shares during the period. Institutional investors and hedge funds own 97.58% of the company’s stock.

Insider Buying and Selling at Hudson Pacific Properties

In related news, CEO Victor J. Coleman purchased 50,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was purchased at an average cost of $2.87 per share, with a total value of $143,500.00. Following the completion of the purchase, the chief executive officer now owns 487,451 shares in the company, valued at approximately $1,398,984.37. This trade represents a 11.43 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.95% of the company’s stock.

Hudson Pacific Properties Trading Down 0.2 %

HPP opened at $3.16 on Friday. Hudson Pacific Properties, Inc. has a 1-year low of $2.39 and a 1-year high of $8.99. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47. The company has a market cap of $445.58 million, a P/E ratio of -1.51 and a beta of 1.30. The company has a fifty day moving average price of $3.16 and a two-hundred day moving average price of $4.30.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HPP. Piper Sandler cut their price target on shares of Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating on the stock in a report on Friday, November 15th. Jefferies Financial Group lowered their target price on shares of Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating for the company in a research note on Thursday, January 2nd. Finally, Mizuho lowered their target price on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat.com, Hudson Pacific Properties presently has an average rating of “Hold” and a consensus price target of $5.08.

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.