Wolverine Asset Management LLC Lowers Stake in Hudson Pacific Properties, Inc. (NYSE:HPP)

Wolverine Asset Management LLC lowered its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,136 shares of the real estate investment trust’s stock after selling 3,027 shares during the quarter. Wolverine Asset Management LLC’s holdings in Hudson Pacific Properties were worth $746,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Financial Gravity Asset Management Inc. lifted its position in shares of Hudson Pacific Properties by 103,925.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 4,161 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 4,157 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Hudson Pacific Properties during the 3rd quarter valued at approximately $58,000. Sage Rhino Capital LLC purchased a new position in shares of Hudson Pacific Properties during the 3rd quarter valued at approximately $67,000. Optas LLC purchased a new position in shares of Hudson Pacific Properties during the 3rd quarter valued at approximately $67,000. Finally, Paces Ferry Wealth Advisors LLC purchased a new position in Hudson Pacific Properties in the 3rd quarter valued at $71,000. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Insider Transactions at Hudson Pacific Properties

In other news, CIO Drew Gordon sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $7.11, for a total transaction of $71,100.00. Following the completion of the sale, the executive now directly owns 116,694 shares of the company’s stock, valued at approximately $829,694.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Barry A. Sholem purchased 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired at an average price of $6.69 per share, with a total value of $267,600.00. Following the purchase, the director now directly owns 70,176 shares in the company, valued at $469,477.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CIO Drew Gordon sold 10,000 shares of Hudson Pacific Properties stock in a transaction on Friday, February 16th. The shares were sold at an average price of $7.11, for a total value of $71,100.00. Following the completion of the transaction, the executive now owns 116,694 shares of the company’s stock, valued at approximately $829,694.34. The disclosure for this sale can be found here. Company insiders own 2.95% of the company’s stock.

Hudson Pacific Properties Trading Down 4.7 %

Shares of HPP stock opened at $5.67 on Friday. The firm has a 50-day moving average price of $6.40 and a 200 day moving average price of $6.87. Hudson Pacific Properties, Inc. has a twelve month low of $4.05 and a twelve month high of $9.85. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.79 and a quick ratio of 1.79.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Monday, February 12th. The real estate investment trust reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. Hudson Pacific Properties had a negative return on equity of 5.74% and a negative net margin of 19.20%. The company had revenue of $223.42 million during the quarter, compared to analysts’ expectations of $223.93 million. During the same period in the prior year, the business posted $0.49 EPS. The business’s revenue was down 17.2% on a year-over-year basis. As a group, equities research analysts expect that Hudson Pacific Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Hudson Pacific Properties Dividend Announcement

The company also recently declared a — dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 18th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, March 15th. Hudson Pacific Properties’s dividend payout ratio (DPR) is presently -14.60%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on HPP shares. The Goldman Sachs Group boosted their price target on shares of Hudson Pacific Properties from $7.10 to $10.60 and gave the stock a “neutral” rating in a research note on Thursday, January 11th. BMO Capital Markets raised their target price on Hudson Pacific Properties from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Thursday, January 4th. Wedbush lowered Hudson Pacific Properties from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $11.00 to $7.50 in a research report on Tuesday, February 20th. Wolfe Research upgraded Hudson Pacific Properties from a “peer perform” rating to an “outperform” rating and set a $8.40 price target for the company in a research note on Monday, March 18th. Finally, Jefferies Financial Group upgraded Hudson Pacific Properties from a “hold” rating to a “buy” rating and increased their price target for the stock from $6.00 to $12.00 in a research report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.05.

Hudson Pacific Properties Profile

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.