Barings LLC lessened its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 21.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 586,727 shares of the real estate investment trust’s stock after selling 161,081 shares during the period. Barings LLC owned about 0.38% of Hudson Pacific Properties worth $19,673,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HPP. Citadel Advisors LLC boosted its holdings in shares of Hudson Pacific Properties by 468.9% in the 3rd quarter. Citadel Advisors LLC now owns 2,576,552 shares of the real estate investment trust’s stock valued at $86,392,000 after buying an additional 2,123,642 shares in the last quarter. Balyasny Asset Management LLC boosted its holdings in shares of Hudson Pacific Properties by 5,293.1% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,402,201 shares of the real estate investment trust’s stock valued at $47,941,000 after buying an additional 1,376,201 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Hudson Pacific Properties by 162.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,174,369 shares of the real estate investment trust’s stock valued at $72,907,000 after buying an additional 1,344,969 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Hudson Pacific Properties by 13.6% in the 3rd quarter. Principal Financial Group Inc. now owns 6,125,974 shares of the real estate investment trust’s stock valued at $205,403,000 after buying an additional 734,232 shares in the last quarter. Finally, Cbre Clarion Securities LLC boosted its holdings in shares of Hudson Pacific Properties by 14.1% in the 2nd quarter. Cbre Clarion Securities LLC now owns 5,416,970 shares of the real estate investment trust’s stock valued at $185,206,000 after buying an additional 668,985 shares in the last quarter. Institutional investors own 99.58% of the company’s stock.

In related news, insider Richard B. Fried sold 17,417 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $34.66, for a total value of $603,673.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sanford Dale Shimoda sold 2,800 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $35.68, for a total transaction of $99,904.00. Following the completion of the sale, the executive vice president now owns 83,072 shares of the company’s stock, valued at approximately $2,964,008.96. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

HPP has been the subject of several research analyst reports. Morgan Stanley lowered their target price on shares of Hudson Pacific Properties from $38.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a report on Monday, November 6th. KeyCorp restated a “buy” rating and issued a $39.00 target price on shares of Hudson Pacific Properties in a report on Friday, August 25th. Goldman Sachs Group initiated coverage on shares of Hudson Pacific Properties in a report on Tuesday, September 19th. They issued a “buy” rating and a $39.00 target price for the company. Finally, Barclays upped their target price on shares of Hudson Pacific Properties from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $37.79.

Hudson Pacific Properties, Inc. (NYSE HPP) traded down $0.38 during mid-day trading on Wednesday, reaching $35.30. 1,865,100 shares of the company traded hands, compared to its average volume of 1,182,863. Hudson Pacific Properties, Inc. has a 1 year low of $31.52 and a 1 year high of $36.75. The stock has a market cap of $5,558.89, a P/E ratio of 18.55, a price-to-earnings-growth ratio of 3.10 and a beta of 0.77. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.32 and a current ratio of 1.32.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. Hudson Pacific Properties had a net margin of 8.98% and a return on equity of 1.58%. The firm had revenue of $190.02 million during the quarter, compared to the consensus estimate of $183.37 million. During the same quarter in the prior year, the firm earned $0.46 EPS. Hudson Pacific Properties’s revenue for the quarter was up 15.5% on a year-over-year basis. research analysts anticipate that Hudson Pacific Properties, Inc. will post 1.95 EPS for the current year.

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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.

Institutional Ownership by Quarter for Hudson Pacific Properties (NYSE:HPP)

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