Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Hudson Pacific Properties (NYSE:HPP) by 3.5% in the first quarter, Holdings Channel reports. The fund owned 148,315 shares of the real estate investment trust’s stock after buying an additional 5,046 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Hudson Pacific Properties were worth $4,825,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Amalgamated Bank lifted its position in shares of Hudson Pacific Properties by 6.2% during the 4th quarter. Amalgamated Bank now owns 30,114 shares of the real estate investment trust’s stock valued at $1,031,000 after acquiring an additional 1,768 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Hudson Pacific Properties by 3.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,329 shares of the real estate investment trust’s stock valued at $1,621,000 after acquiring an additional 1,780 shares during the last quarter. Eagle Asset Management Inc. lifted its position in shares of Hudson Pacific Properties by 1.2% during the 4th quarter. Eagle Asset Management Inc. now owns 162,442 shares of the real estate investment trust’s stock valued at $5,413,000 after acquiring an additional 1,960 shares during the last quarter. Aperio Group LLC lifted its position in shares of Hudson Pacific Properties by 20.1% during the 4th quarter. Aperio Group LLC now owns 12,277 shares of the real estate investment trust’s stock valued at $420,000 after acquiring an additional 2,053 shares during the last quarter. Finally, Verition Fund Management LLC lifted its position in shares of Hudson Pacific Properties by 20.2% during the 4th quarter. Verition Fund Management LLC now owns 12,527 shares of the real estate investment trust’s stock valued at $429,000 after acquiring an additional 2,106 shares during the last quarter.

In other news, insider Harout Krikor Diramerian sold 10,000 shares of the company’s stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $34.97, for a total value of $349,700.00. Following the transaction, the insider now directly owns 60,828 shares of the company’s stock, valued at $2,127,155.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.93% of the company’s stock.

Shares of NYSE:HPP opened at $33.09 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.37 and a current ratio of 1.37. Hudson Pacific Properties has a 12-month low of $33.46 and a 12-month high of $34.09. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 3.17 and a beta of 0.67.

Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Thursday, May 3rd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.15). Hudson Pacific Properties had a net margin of 13.47% and a return on equity of 2.44%. The firm had revenue of $174.12 million for the quarter, compared to analyst estimates of $173.65 million. During the same period last year, the firm earned $0.48 earnings per share. Hudson Pacific Properties’s revenue for the quarter was up 3.5% compared to the same quarter last year. sell-side analysts forecast that Hudson Pacific Properties will post 1.91 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on HPP shares. Barclays reiterated a “buy” rating and set a $38.00 price objective on shares of Hudson Pacific Properties in a research report on Tuesday, April 17th. Citigroup started coverage on Hudson Pacific Properties in a research report on Tuesday, February 27th. They set a “buy” rating and a $37.00 price objective for the company. Mizuho reiterated a “hold” rating and set a $32.00 price objective on shares of Hudson Pacific Properties in a research report on Thursday, January 25th. Sandler O’Neill reiterated a “hold” rating and set a $33.00 price objective on shares of Hudson Pacific Properties in a research report on Friday, February 23rd. Finally, Zacks Investment Research raised shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. Hudson Pacific Properties presently has a consensus rating of “Hold” and a consensus price target of $36.44.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties is a vertically integrated real estate Company focused on acquiring, repositioning, developing and operating high-quality office and state-of-the-art studio properties in select West Coast markets. Hudson Pacific invests across the risk-return spectrum, favoring opportunities where it can employ leasing, capital investment and management expertise to create additional value.

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

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