Legal & General Group Plc lifted its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 8.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 768,686 shares of the real estate investment trust’s stock after purchasing an additional 59,172 shares during the period. Legal & General Group Plc owned about 0.49% of Hudson Pacific Properties worth $25,774,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Honeywell International Inc. raised its stake in shares of Hudson Pacific Properties by 27.8% during the 3rd quarter. Honeywell International Inc. now owns 64,220 shares of the real estate investment trust’s stock worth $2,153,000 after purchasing an additional 13,950 shares during the period. State of Wisconsin Investment Board bought a new stake in shares of Hudson Pacific Properties during the 2nd quarter worth $1,064,000. State Board of Administration of Florida Retirement System raised its stake in shares of Hudson Pacific Properties by 4.2% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 118,636 shares of the real estate investment trust’s stock worth $3,978,000 after purchasing an additional 4,740 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of Hudson Pacific Properties by 13.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 471,746 shares of the real estate investment trust’s stock worth $16,129,000 after purchasing an additional 56,778 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of Hudson Pacific Properties by 60.7% during the 2nd quarter. Royal Bank of Canada now owns 9,386 shares of the real estate investment trust’s stock worth $321,000 after purchasing an additional 3,544 shares during the period. Institutional investors own 99.66% of the company’s stock.

In other news, insider Richard B. Fried sold 17,417 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was 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 link. Also, EVP Sanford Dale Shimoda sold 2,800 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $35.68, for a total value of $99,904.00. Following the sale, the executive vice president now owns 83,072 shares in the company, valued at $2,964,008.96. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

A number of equities research analysts have recently commented on HPP shares. Barclays lifted their target price on Hudson Pacific Properties from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 15th. KeyCorp reiterated a “buy” rating and set a $39.00 target price on shares of Hudson Pacific Properties in a research note on Friday, August 25th. Goldman Sachs Group assumed coverage on Hudson Pacific Properties in a research note on Tuesday, September 19th. They set a “buy” rating and a $39.00 target price on the stock. BidaskClub upgraded Hudson Pacific Properties from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. Finally, Zacks Investment Research upgraded Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $38.33.

Shares of Hudson Pacific Properties, Inc. (NYSE HPP) opened at $34.74 on Friday. Hudson Pacific Properties, Inc. has a 52 week low of $31.52 and a 52 week high of $36.75. The stock has a market capitalization of $5,421.56, a PE ratio of 18.09, a P/E/G ratio of 3.02 and a beta of 0.78. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.61.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.50. Hudson Pacific Properties had a return on equity of 1.58% and a net margin of 8.98%. The business had revenue of $190.02 million for the quarter, compared to analysts’ expectations of $183.37 million. During the same period in the previous year, the business posted $0.46 EPS. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. equities analysts anticipate that Hudson Pacific Properties, Inc. will post 1.96 earnings per share for the current fiscal year.

The company also recently disclosed a dividend, which will be paid on Thursday, December 28th. Investors of record on Monday, December 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 15th. Hudson Pacific Properties’s dividend payout ratio is currently 243.90%.

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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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