Y Intercept Hong Kong Ltd Increases Stock Holdings in Hudson Pacific Properties, Inc. (NYSE:HPP)

Posted by Defense World Staff on Aug 18th, 2023

Y Intercept Hong Kong Ltd raised its stake in Hudson Pacific Properties, Inc. (NYSE:HPP – Free Report) by 73.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,312 shares of the real estate investment trust’s stock after buying an additional 19,596 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Hudson Pacific Properties were worth $308,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HPP. Group One Trading L.P. acquired a new position in Hudson Pacific Properties in the first quarter valued at about $149,000. HighTower Advisors LLC lifted its position in Hudson Pacific Properties by 3.4% in the first quarter. HighTower Advisors LLC now owns 18,542 shares of the real estate investment trust’s stock valued at $514,000 after buying an additional 612 shares during the last quarter. Bank of Montreal Can lifted its position in Hudson Pacific Properties by 76.5% in the first quarter. Bank of Montreal Can now owns 36,550 shares of the real estate investment trust’s stock valued at $1,034,000 after buying an additional 15,845 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of Hudson Pacific Properties by 33.3% during the first quarter. MetLife Investment Management LLC now owns 98,525 shares of the real estate investment trust’s stock worth $2,734,000 after purchasing an additional 24,633 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Hudson Pacific Properties by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 55,882 shares of the real estate investment trust’s stock worth $1,551,000 after purchasing an additional 5,328 shares in the last quarter. Institutional investors and hedge funds own 97.55% of the company’s stock.

Hudson Pacific Properties Stock Performance

Shares of HPP opened at $5.85 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market capitalization of $824.50 million, a P/E ratio of -9.59 and a beta of 1.10. The company’s fifty day moving average is $5.30 and its two-hundred day moving average is $6.39. Hudson Pacific Properties, Inc. has a 1 year low of $4.05 and a 1 year high of $15.06.

Hudson Pacific Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Tuesday, June 20th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, June 16th. This represents a $0.50 annualized dividend and a yield of 8.55%. Hudson Pacific Properties’s dividend payout ratio is currently -81.97%.

Analysts Set New Price Targets

Several brokerages recently weighed in on HPP. The Goldman Sachs Group raised their target price on shares of Hudson Pacific Properties from $4.00 to $5.00 and gave the company a “sell” rating in a report on Tuesday. Piper Sandler dropped their price target on shares of Hudson Pacific Properties from $8.00 to $6.00 in a research note on Wednesday, May 31st. Finally, StockNews.com lowered shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Hudson Pacific Properties has a consensus rating of “Hold” and a consensus target price of $7.89.

Check Out Our Latest Stock Report on Hudson Pacific Properties

Hudson Pacific Properties Company Profile

(Free Report)

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.