Hill Winds Capital LP Acquires New Holdings in Hudson Pacific Properties Inc (NYSE:HPP)

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Hill Winds Capital LP purchased a new stake in Hudson Pacific Properties Inc (NYSE:HPP) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 25,000 shares of the real estate investment trust’s stock, valued at approximately $941,000. Hudson Pacific Properties accounts for approximately 0.6% of Hill Winds Capital LP’s holdings, making the stock its 28th biggest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC acquired a new position in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $26,000. Quantum Capital Management acquired a new position in shares of Hudson Pacific Properties in the third quarter valued at approximately $51,000. M&T Bank Corp acquired a new position in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $201,000. Ninepoint Partners LP acquired a new position in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $203,000. Finally, American International Group Inc. boosted its holdings in shares of Hudson Pacific Properties by 162.7% in the fourth quarter. American International Group Inc. now owns 6,463 shares of the real estate investment trust’s stock valued at $243,000 after buying an additional 4,003 shares during the period.

Shares of HPP stock traded down $1.74 during trading on Thursday, reaching $33.43. The company’s stock had a trading volume of 2,149,796 shares, compared to its average volume of 1,170,741. The business has a fifty day moving average price of $36.98 and a 200-day moving average price of $35.33. The company has a quick ratio of 1.02, a current ratio of 1.25 and a debt-to-equity ratio of 0.89. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 123.82, a price-to-earnings-growth ratio of 2.55 and a beta of 0.71. Hudson Pacific Properties Inc has a one year low of $32.08 and a one year high of $38.81.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.44). The business had revenue of $193.80 million during the quarter, compared to the consensus estimate of $215.22 million. Hudson Pacific Properties had a return on equity of 1.21% and a net margin of 5.52%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 EPS. Research analysts anticipate that Hudson Pacific Properties Inc will post 2.18 EPS for the current year.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a report on Tuesday. Morgan Stanley upped their price target on shares of Hudson Pacific Properties from $34.00 to $39.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Goldman Sachs Group assumed coverage on shares of Hudson Pacific Properties in a report on Friday, November 8th. They issued a “buy” rating and a $41.00 price target for the company. ValuEngine upgraded shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Mizuho assumed coverage on shares of Hudson Pacific Properties in a report on Monday, February 3rd. They issued a “buy” rating and a $42.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Hudson Pacific Properties currently has a consensus rating of “Buy” and an average target price 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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Institutional Ownership by Quarter for Hudson Pacific Properties (NYSE:HPP)

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