Securian Asset Management Inc lessened its position in Hudson Pacific Properties Inc (NYSE:HPP) by 75.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 12,700 shares of the real estate investment trust’s stock after selling 38,100 shares during the period. Securian Asset Management Inc’s holdings in Hudson Pacific Properties were worth $450,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Swiss National Bank lifted its stake in shares of Hudson Pacific Properties by 1.3% in the 2nd quarter. Swiss National Bank now owns 274,150 shares of the real estate investment trust’s stock worth $9,713,000 after acquiring an additional 3,600 shares during the period. US Bancorp DE lifted its stake in shares of Hudson Pacific Properties by 23.4% in the 2nd quarter. US Bancorp DE now owns 54,321 shares of the real estate investment trust’s stock worth $1,925,000 after acquiring an additional 10,289 shares during the period. American Century Companies Inc. acquired a new stake in shares of Hudson Pacific Properties in the 2nd quarter worth $36,726,000. Schwab Charles Investment Management Inc. lifted its stake in shares of Hudson Pacific Properties by 6.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,976,942 shares of the real estate investment trust’s stock worth $70,044,000 after acquiring an additional 127,405 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Hudson Pacific Properties by 4.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 266,898 shares of the real estate investment trust’s stock worth $9,454,000 after acquiring an additional 12,116 shares during the period.

Shares of HPP opened at $32.96 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $5.21 billion, a PE ratio of 16.56, a P/E/G ratio of 3.16 and a beta of 0.68. Hudson Pacific Properties Inc has a 52-week low of $28.25 and a 52-week high of $36.06.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.37). The company had revenue of $175.17 million during the quarter, compared to analysts’ expectations of $173.98 million. Hudson Pacific Properties had a net margin of 15.29% and a return on equity of 2.76%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS. equities research analysts forecast that Hudson Pacific Properties Inc will post 1.87 EPS for the current fiscal year.

In other Hudson Pacific Properties news, EVP Sanford Dale Shimoda sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $35.72, for a total transaction of $71,440.00. Following the completion of the transaction, the executive vice president now directly owns 94,478 shares in the company, valued at approximately $3,374,754.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Victor J. Coleman sold 46,213 shares of the firm’s stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $35.91, for a total transaction of $1,659,508.83. Following the transaction, the chief executive officer now owns 959,765 shares of the company’s stock, valued at $34,465,161.15. The disclosure for this sale can be found here. Insiders sold a total of 68,213 shares of company stock valued at $2,444,449 in the last quarter. Insiders own 1.93% of the company’s stock.

Several research firms have recently commented on HPP. DA Davidson set a $45.00 target price on shares of Hudson Pacific Properties and gave the stock a “buy” rating in a research note on Thursday, May 31st. Robert W. Baird raised their target price on shares of Hudson Pacific Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 30th. Bank of America increased their price target on shares of Hudson Pacific Properties from $39.00 to $40.00 and gave the company a “buy” rating in a report on Friday, May 25th. Zacks Investment Research upgraded shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a report on Tuesday, May 8th. Finally, TheStreet upgraded shares of Hudson Pacific Properties from a “c+” rating to a “b-” rating in a report on Wednesday, May 23rd. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $38.00.

About Hudson Pacific Properties

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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