BNP Paribas Arbitrage SNC Acquires 1,419,424 Shares of Hudson Pacific Properties, Inc. (NYSE:HPP)

BNP Paribas Arbitrage SNC increased its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 1,754.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,500,334 shares of the real estate investment trust’s stock after acquiring an additional 1,419,424 shares during the quarter. BNP Paribas Arbitrage SNC owned approximately 1.06% of Hudson Pacific Properties worth $6,331,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. HighTower Advisors LLC boosted its position in shares of Hudson Pacific Properties by 3.4% during the 1st quarter. HighTower Advisors LLC now owns 18,542 shares of the real estate investment trust’s stock worth $514,000 after purchasing an additional 612 shares in the last quarter. Cibc World Markets Corp boosted its holdings in Hudson Pacific Properties by 0.9% in the first quarter. Cibc World Markets Corp now owns 76,876 shares of the real estate investment trust’s stock worth $2,133,000 after acquiring an additional 651 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Hudson Pacific Properties by 10.9% in the fourth quarter. Captrust Financial Advisors now owns 12,625 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 1,246 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in shares of Hudson Pacific Properties by 2.0% in the 1st quarter. Yousif Capital Management LLC now owns 81,235 shares of the real estate investment trust’s stock worth $2,254,000 after purchasing an additional 1,611 shares in the last quarter. Finally, Mariner LLC lifted its holdings in shares of Hudson Pacific Properties by 13.6% in the 1st quarter. Mariner LLC now owns 14,901 shares of the real estate investment trust’s stock worth $414,000 after purchasing an additional 1,782 shares in the last quarter. 97.58% of the stock is owned by institutional investors.

Hudson Pacific Properties Stock Performance

Shares of HPP opened at $5.47 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.41. The business’s 50 day moving average price is $5.76 and its 200-day moving average price is $5.53. Hudson Pacific Properties, Inc. has a 52 week low of $4.05 and a 52 week high of $12.23. The stock has a market cap of $770.24 million, a P/E ratio of -7.19 and a beta of 1.12.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.48). Hudson Pacific Properties had a negative return on equity of 3.07% and a negative net margin of 10.00%. The company had revenue of $231.44 million during the quarter, compared to analysts’ expectations of $238.37 million. Equities research analysts anticipate that Hudson Pacific Properties, Inc. will post 0.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

HPP has been the topic of several recent research reports. BTIG Research raised shares of Hudson Pacific Properties from a “neutral” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Tuesday, September 26th. StockNews.com assumed coverage on Hudson Pacific Properties in a report on Thursday, October 5th. They set a “sell” rating on the stock. Wedbush began coverage on Hudson Pacific Properties in a research note on Tuesday, October 3rd. They issued an “outperform” rating and a $8.00 price objective on the stock. Mizuho upgraded shares of Hudson Pacific Properties from an “underperform” rating to a “neutral” rating and reduced their price target for the company from $10.00 to $7.00 in a research report on Wednesday, October 18th. Finally, BMO Capital Markets upgraded Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $7.00 to $10.00 in a research report on Wednesday, September 20th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Hudson Pacific Properties presently has an average rating of “Hold” and an average target price of $7.68.

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.