Arthur X. Suazo Purchases 10,000 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP) Stock

Posted by Defense World Staff on Apr 1st, 2023

Hudson Pacific Properties, Inc. (NYSE:HPP – Get Rating) EVP Arthur X. Suazo bought 10,000 shares of the firm’s stock in a transaction on Tuesday, March 28th. The stock was purchased at an average price of $5.86 per share, with a total value of $58,600.00. Following the completion of the acquisition, the executive vice president now owns 87,102 shares of the company’s stock, valued at $510,417.72. The purchase was disclosed in a filing with the SEC, which is available through this link.

Hudson Pacific Properties Stock Up 3.3 %

NYSE HPP opened at $6.65 on Friday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 1.40. The company has a 50 day moving average price of $8.99 and a two-hundred day moving average price of $10.12. Hudson Pacific Properties, Inc. has a 12-month low of $5.27 and a 12-month high of $28.66.

Hudson Pacific Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 30th. Shareholders of record on Monday, March 20th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 15.04%. The ex-dividend date was Friday, March 17th. Hudson Pacific Properties’s dividend payout ratio (DPR) is presently -256.40%.

Hedge Funds Weigh In On Hudson Pacific Properties

A number of institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in Hudson Pacific Properties during the fourth quarter worth $101,242,000. BlackRock Inc. increased its position in Hudson Pacific Properties by 31.9% during the third quarter. BlackRock Inc. now owns 22,812,665 shares of the real estate investment trust’s stock worth $249,799,000 after acquiring an additional 5,516,360 shares during the period. PGGM Investments bought a new position in Hudson Pacific Properties during the third quarter worth $40,154,000. AQR Capital Management LLC increased its position in Hudson Pacific Properties by 112.4% during the second quarter. AQR Capital Management LLC now owns 1,742,303 shares of the real estate investment trust’s stock worth $25,577,000 after acquiring an additional 921,870 shares during the period. Finally, ExodusPoint Capital Management LP increased its position in Hudson Pacific Properties by 7,565.9% during the third quarter. ExodusPoint Capital Management LP now owns 914,315 shares of the real estate investment trust’s stock worth $10,012,000 after acquiring an additional 902,388 shares during the period. Institutional investors own 95.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Mizuho decreased their target price on shares of Hudson Pacific Properties from $12.00 to $10.00 and set an “underperform” rating for the company in a report on Wednesday, January 4th. Robert W. Baird upgraded shares of Hudson Pacific Properties from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from $13.00 to $12.00 in a report on Thursday, January 5th. Morgan Stanley decreased their price target on shares of Hudson Pacific Properties from $10.00 to $6.00 and set an “equal weight” rating for the company in a report on Friday. Wells Fargo & Company decreased their price target on shares of Hudson Pacific Properties from $10.00 to $7.00 and set an “equal weight” rating for the company in a report on Thursday, March 16th. Finally, StockNews.com began coverage on shares of Hudson Pacific Properties in a report on Thursday, March 16th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.95.

Hudson Pacific Properties Company Profile

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Hudson Pacific Properties, Inc is a real estate company, which acquires, repositions, develops, and operates sustainable office and state of-the-art studio properties in high-barrier-to-entry submarkets in California, the Pacific Northwest, Western Canada, and Greater London, United Kingdom. It operates through the Office Properties and Studio Properties segments.