Nomura Asset Management Co. Ltd. cut its stake in Hudson Pacific Properties, Inc. (NYSE:HPP) by 12.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 95,394 shares of the real estate investment trust’s stock after selling 12,960 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.06% of Hudson Pacific Properties worth $3,199,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Honeywell International Inc. grew its position in Hudson Pacific Properties by 27.8% in the third quarter. Honeywell International Inc. now owns 64,220 shares of the real estate investment trust’s stock worth $2,153,000 after acquiring an additional 13,950 shares in the last quarter. State of Wisconsin Investment Board purchased a new position in Hudson Pacific Properties in the second quarter worth $1,064,000. State Board of Administration of Florida Retirement System grew its position in Hudson Pacific Properties by 4.2% in the third 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 acquiring an additional 4,740 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Hudson Pacific Properties by 9.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,599,938 shares of the real estate investment trust’s stock worth $53,646,000 after acquiring an additional 133,990 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in Hudson Pacific Properties by 13.7% in the second quarter. UBS Asset Management Americas Inc. now owns 471,746 shares of the real estate investment trust’s stock worth $16,129,000 after acquiring an additional 56,778 shares in the last quarter. Institutional investors own 99.66% of the company’s stock.

Hudson Pacific Properties, Inc. (NYSE HPP) traded up $0.02 during midday trading on Monday, reaching $34.74. 735,100 shares of the company’s stock traded hands, compared to its average volume of 1,178,586. 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 twelve month low of $31.52 and a twelve month high of $36.75. The stock has a market capitalization of $5,421.55, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 2.93 and a beta of 0.78.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly 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. Hudson Pacific Properties had a net margin of 8.98% and a return on equity of 1.58%. The business had revenue of $190.02 million during the quarter, compared to analyst estimates of $183.37 million. During the same period in the prior year, the business posted $0.46 earnings per share. The company’s revenue was up 15.5% on a year-over-year basis. equities analysts expect that Hudson Pacific Properties, Inc. will post 1.96 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Monday, December 18th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, December 15th. This represents a $1.00 annualized dividend and a yield of 2.88%. Hudson Pacific Properties’s payout ratio is 243.90%.

Several research analysts recently issued reports on the stock. Goldman Sachs Group lowered shares of Hudson Pacific Properties from a “buy” rating to a “neutral” rating in a research report on Monday, November 20th. Zacks Investment Research upgraded shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. KeyCorp reiterated a “buy” rating on shares of Hudson Pacific Properties in a research report on Tuesday, September 26th. Morgan Stanley cut their price target on shares of Hudson Pacific Properties from $38.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, September 1st. Finally, BidaskClub upgraded shares of Hudson Pacific Properties from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.33.

In other Hudson Pacific Properties 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 completion of the sale, the executive vice president now directly owns 83,072 shares in the company, valued at $2,964,008.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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. Corporate insiders own 0.33% of the company’s stock.

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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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