State Board of Administration of Florida Retirement System increased its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 4.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 118,636 shares of the real estate investment trust’s stock after purchasing an additional 4,740 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.08% of Hudson Pacific Properties worth $3,978,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in Hudson Pacific Properties by 126.8% during the first quarter. PNC Financial Services Group Inc. now owns 3,740 shares of the real estate investment trust’s stock worth $130,000 after purchasing an additional 2,091 shares during the last quarter. Public Employees Retirement Association of Colorado purchased a new position in Hudson Pacific Properties during the second quarter worth about $168,000. Dynamic Technology Lab Private Ltd purchased a new position in Hudson Pacific Properties during the second quarter worth about $214,000. Eqis Capital Management Inc. purchased a new position in Hudson Pacific Properties during the second quarter worth about $307,000. Finally, Advisors Asset Management Inc. boosted its holdings in Hudson Pacific Properties by 33.2% during the second quarter. Advisors Asset Management Inc. now owns 8,980 shares of the real estate investment trust’s stock worth $307,000 after purchasing an additional 2,238 shares during the last quarter.
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In related news, insider Richard B. Fried sold 17,417 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $34.66, for a total transaction of $603,673.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.33% of the company’s stock.
Hudson Pacific Properties, Inc. (NYSE:HPP) opened at $35.59 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market cap of $5,530.79, a PE ratio of 18.46, a price-to-earnings-growth ratio of 3.16 and a beta of 0.77. Hudson Pacific Properties, Inc. has a 52 week low of $31.52 and a 52 week high of $36.75.
Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.50 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.50. The company had revenue of $190.02 million for the quarter, compared to analysts’ expectations of $183.37 million. Hudson Pacific Properties had a net margin of 8.98% and a return on equity of 1.58%. Hudson Pacific Properties’s revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 EPS. equities research analysts anticipate that Hudson Pacific Properties, Inc. will post 1.96 EPS for the current year.
A number of research analysts have weighed in on HPP shares. Zacks Investment Research upgraded shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. BidaskClub upgraded shares of Hudson Pacific Properties from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. Morgan Stanley dropped their target price on shares of Hudson Pacific Properties from $38.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, September 1st. KeyCorp reiterated a “buy” rating on shares of Hudson Pacific Properties in a research note on Tuesday, September 26th. Finally, Barclays PLC boosted their target price on shares of Hudson Pacific Properties from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Hudson Pacific Properties presently has a consensus rating of “Hold” and an average price target of $37.79.
Hudson Pacific Properties Company Profile
Hudson Pacific Properties, Inc is a real estate investment trust (REIT). The Company operates in two segments: office properties, and media and entertainment properties. The Company is focused on acquiring, repositioning, developing and operating office and media and entertainment properties in submarkets throughout Northern and Southern California and the Pacific Northwest.
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