EntryPoint Capital LLC Has $286,000 Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

EntryPoint Capital LLC grew its holdings in Hudson Pacific Properties, Inc. (NYSE:HPP) by 696.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 94,456 shares of the real estate investment trust’s stock after buying an additional 82,590 shares during the quarter. EntryPoint Capital LLC’s holdings in Hudson Pacific Properties were worth $286,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Green Alpha Advisors LLC raised its position in Hudson Pacific Properties by 77.7% in the 4th quarter. Green Alpha Advisors LLC now owns 521,592 shares of the real estate investment trust’s stock worth $1,580,000 after purchasing an additional 228,079 shares during the last quarter. Stifel Financial Corp bought a new stake in shares of Hudson Pacific Properties during the third quarter worth $48,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Hudson Pacific Properties by 450.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,066,056 shares of the real estate investment trust’s stock valued at $5,096,000 after acquiring an additional 872,538 shares during the period. Union Bancaire Privee UBP SA bought a new position in Hudson Pacific Properties in the fourth quarter valued at about $436,000. Finally, Charles Schwab Investment Management Inc. increased its position in Hudson Pacific Properties by 13.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,209,577 shares of the real estate investment trust’s stock worth $24,902,000 after purchasing an additional 630,932 shares during the period. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Hudson Pacific Properties Price Performance

NYSE HPP opened at $3.01 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $424.91 million, a price-to-earnings ratio of -1.17 and a beta of 1.31. The business has a 50 day simple moving average of $3.03 and a 200 day simple moving average of $3.61. Hudson Pacific Properties, Inc. has a 52-week low of $2.39 and a 52-week high of $6.69.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $209.67 million for the quarter, compared to analyst estimates of $207.95 million. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. Analysts anticipate that Hudson Pacific Properties, Inc. will post 0.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HPP. Wells Fargo & Company upgraded shares of Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 price target for the company in a research report on Monday, March 10th. The Goldman Sachs Group dropped their target price on shares of Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Jefferies Financial Group began coverage on Hudson Pacific Properties in a research report on Monday, March 17th. They issued a “hold” rating and a $2.70 price target on the stock. Scotiabank decreased their price objective on Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 18th. Finally, Mizuho cut their target price on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $3.54.

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.