KBC Group NV grew its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 13.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 116,448 shares of the real estate investment trust’s stock after buying an additional 13,595 shares during the quarter. KBC Group NV owned approximately 0.07% of Hudson Pacific Properties worth $3,905,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado bought a new stake in shares of Hudson Pacific Properties during the second quarter worth $168,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Hudson Pacific Properties during the second quarter worth $214,000. Advisors Asset Management Inc. grew its stake in shares of Hudson Pacific Properties by 33.2% in 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. Ramsey Quantitative Systems bought a new stake in shares of Hudson Pacific Properties in the second quarter worth $310,000. Finally, Royal Bank of Canada grew its stake in shares of Hudson Pacific Properties by 60.7% in the second 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 last quarter. 99.66% of the stock is currently owned by hedge funds and other institutional investors.

In other news, 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 transaction of $99,904.00. Following the transaction, the executive vice president now owns 83,072 shares in the company, valued at $2,964,008.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard B. Fried sold 17,417 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $34.66, for a total transaction of $603,673.22. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

Several brokerages recently weighed in on HPP. Goldman Sachs Group cut shares of Hudson Pacific Properties from a “buy” rating to a “neutral” rating in a research note on Monday, November 20th. Zacks Investment Research raised shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. KeyCorp reissued a “buy” rating on shares of Hudson Pacific Properties in a research note on Tuesday, September 26th. Morgan Stanley reduced their price objective 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. Finally, BidaskClub raised shares of Hudson Pacific Properties from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $38.33.

Hudson Pacific Properties, Inc. (NYSE:HPP) traded up $0.13 during mid-day trading on Friday, reaching $34.72. 1,253,100 shares of the company traded hands, compared to its average volume of 1,180,465. The firm has a market capitalization of $5,398.14, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 3.01 and a beta of 0.78. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.61. Hudson Pacific Properties, Inc. has a 1-year low of $31.52 and a 1-year high of $36.75.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. The business had revenue of $190.02 million for the quarter, compared to analyst estimates 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 for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 earnings per share. equities analysts anticipate that Hudson Pacific Properties, Inc. will post 1.95 earnings per share for the current year.

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

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