Short Interest in Hudson Pacific Properties, Inc. (NYSE:HPP) Declines By 21.9%

Hudson Pacific Properties, Inc. (NYSE:HPP) saw a large drop in short interest in January. As of January 15th, there was short interest totalling 21,200,000 shares, a drop of 21.9% from the December 31st total of 27,140,000 shares. Currently, 15.5% of the shares of the stock are short sold. Based on an average daily volume of 3,940,000 shares, the short-interest ratio is currently 5.4 days.

Hudson Pacific Properties Stock Performance

HPP traded up $0.22 on Thursday, reaching $3.09. The company had a trading volume of 258,501 shares, compared to its average volume of 2,802,309. Hudson Pacific Properties has a 1 year low of $2.39 and a 1 year high of $8.71. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $435.98 million, a PE ratio of -1.48 and a beta of 1.30. The stock has a 50-day moving average price of $3.14 and a 200-day moving average price of $4.25.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Jefferies Financial Group reduced their price target on Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Piper Sandler decreased their price objective on Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating on the stock in a report on Friday, November 15th. Finally, Mizuho cut their target price on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.08.

Insider Buying and Selling at Hudson Pacific Properties

In related news, CEO Victor J. Coleman acquired 50,000 shares of Hudson Pacific Properties stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased at an average price of $2.87 per share, for a total transaction of $143,500.00. Following the completion of the transaction, the chief executive officer now owns 487,451 shares in the company, valued at $1,398,984.37. This represents a 11.43 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.95% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HPP. Van ECK Associates Corp lifted its stake in shares of Hudson Pacific Properties by 9.9% in the 3rd quarter. Van ECK Associates Corp now owns 26,718 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 2,399 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Hudson Pacific Properties by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 83,572 shares of the real estate investment trust’s stock valued at $402,000 after purchasing an additional 2,408 shares in the last quarter. abrdn plc increased its position in Hudson Pacific Properties by 10.5% during the 3rd quarter. abrdn plc now owns 28,406 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 2,710 shares during the period. Amalgamated Bank raised its stake in shares of Hudson Pacific Properties by 10.0% during the 3rd quarter. Amalgamated Bank now owns 41,738 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 3,802 shares in the last quarter. Finally, Everence Capital Management Inc. lifted its holdings in shares of Hudson Pacific Properties by 17.4% in the 3rd quarter. Everence Capital Management Inc. now owns 27,430 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 4,070 shares during the period. 97.58% of the stock is owned by hedge funds and other institutional investors.

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.