Jump Financial LLC Has $309,000 Stock Holdings in Hudson Pacific Properties, Inc. (NYSE:HPP)

Jump Financial LLC boosted its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 140.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,200 shares of the real estate investment trust’s stock after purchasing an additional 19,399 shares during the quarter. Jump Financial LLC’s holdings in Hudson Pacific Properties were worth $309,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HPP. Versor Investments LP acquired a new position in shares of Hudson Pacific Properties in the 4th quarter valued at $99,000. Charles Schwab Investment Management Inc. lifted its holdings in Hudson Pacific Properties by 12.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,097,841 shares of the real estate investment trust’s stock worth $38,151,000 after acquiring an additional 439,331 shares in the last quarter. Natixis Advisors L.P. increased its holdings in shares of Hudson Pacific Properties by 9.4% in the fourth quarter. Natixis Advisors L.P. now owns 33,247 shares of the real estate investment trust’s stock worth $309,000 after acquiring an additional 2,852 shares in the last quarter. First Trust Direct Indexing L.P. acquired a new stake in shares of Hudson Pacific Properties during the fourth quarter worth about $102,000. Finally, Victory Capital Management Inc. raised its position in shares of Hudson Pacific Properties by 19.3% during the fourth quarter. Victory Capital Management Inc. now owns 26,456 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 4,271 shares during the period. Institutional investors and hedge funds own 97.58% of the company’s stock.

Insider Activity

In related news, CEO Victor J. Coleman sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $5.18, for a total transaction of $518,000.00. Following the transaction, the chief executive officer now directly owns 387,451 shares of the company’s stock, valued at approximately $2,006,996.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.95% of the company’s stock.

Hudson Pacific Properties Price Performance

NYSE:HPP opened at $4.70 on Friday. The stock has a market capitalization of $663.41 million, a PE ratio of -2.94, a P/E/G ratio of 0.60 and a beta of 1.31. Hudson Pacific Properties, Inc. has a 1-year low of $4.05 and a 1-year high of $9.85. The firm has a fifty day simple moving average of $5.87 and a 200 day simple moving average of $6.90. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.38.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.53). The firm had revenue of $214.02 million during the quarter, compared to the consensus estimate of $220.61 million. Hudson Pacific Properties had a negative net margin of 23.48% and a negative return on equity of 6.91%. On average, research analysts expect that Hudson Pacific Properties, Inc. will post 0.9 EPS for the current fiscal year.

Hudson Pacific Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Monday, June 17th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.20 annualized dividend and a yield of 4.26%. Hudson Pacific Properties’s dividend payout ratio is -12.50%.

Analyst Upgrades and Downgrades

HPP has been the subject of a number of research reports. Morgan Stanley lowered their target price on Hudson Pacific Properties from $7.00 to $6.00 and set an “equal weight” rating for the company in a research note on Thursday, March 28th. The Goldman Sachs Group lowered their price objective on shares of Hudson Pacific Properties from $9.00 to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, May 7th. Wedbush lowered shares of Hudson Pacific Properties from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $11.00 to $7.50 in a research note on Tuesday, February 20th. Piper Sandler reiterated an “overweight” rating and set a $7.00 target price (down previously from $9.00) on shares of Hudson Pacific Properties in a report on Friday, May 3rd. Finally, Wolfe Research upgraded Hudson Pacific Properties from a “peer perform” rating to an “outperform” rating and set a $8.40 price target on the stock in a report on Monday, March 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Hudson Pacific Properties currently has a consensus rating of “Hold” and a consensus price target of $8.49.

Hudson Pacific Properties Company 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.