Northern Trust Corp decreased its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 27.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,521,036 shares of the real estate investment trust’s stock after selling 570,052 shares during the quarter. Northern Trust Corp owned 0.97% of Hudson Pacific Properties worth $52,003,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its stake in shares of Hudson Pacific Properties by 126.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,740 shares of the real estate investment trust’s stock worth $130,000 after purchasing an additional 2,091 shares during the period. Public Employees Retirement Association of Colorado acquired a new stake in shares of Hudson Pacific Properties during the 2nd quarter worth approximately $168,000. Comerica Bank acquired a new stake in shares of Hudson Pacific Properties during the 1st quarter worth approximately $291,000. US Bancorp DE grew its stake in shares of Hudson Pacific Properties by 88.4% during the 1st quarter. US Bancorp DE now owns 8,501 shares of the real estate investment trust’s stock worth $295,000 after purchasing an additional 3,988 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in shares of Hudson Pacific Properties by 33.2% during the 2nd 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 period.

Hudson Pacific Properties, Inc. (HPP) opened at 33.23 on Friday. The stock’s 50 day moving average price is $32.64 and its 200-day moving average price is $33.46. Hudson Pacific Properties, Inc. has a 12 month low of $31.53 and a 12 month high of $36.75. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 94.40 and a beta of 0.75.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. Hudson Pacific Properties had a return on equity of 1.37% and a net margin of 7.87%. The firm had revenue of $166.85 million for the quarter, compared to analyst estimates of $175.79 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. Hudson Pacific Properties’s quarterly revenue was up 15.5% on a year-over-year basis. Equities research analysts predict that Hudson Pacific Properties, Inc. will post $0.29 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 19th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Monday, September 18th. Hudson Pacific Properties’s dividend payout ratio is presently 277.78%.

A number of equities research analysts have recently commented on the stock. BidaskClub cut shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Morgan Stanley dropped 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. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Hudson Pacific Properties in a research note on Tuesday, September 19th. They set a “buy” rating and a $39.00 price objective on the stock. KeyCorp reaffirmed a “buy” rating on shares of Hudson Pacific Properties in a research note on Tuesday, September 26th. Finally, Barclays PLC raised their price objective on shares of Hudson Pacific Properties from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $38.06.

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In other Hudson Pacific Properties news, Director Jonathan M. Glaser acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average price of $31.98 per share, with a total value of $159,900.00. Following the completion of the acquisition, the director now directly owns 132,405 shares of the company’s stock, valued at approximately $4,234,311.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan M. Glaser acquired 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $31.78 per share, for a total transaction of $476,700.00. Following the acquisition, the director now directly owns 132,405 shares of the company’s stock, valued at $4,207,830.90. The disclosure for this purchase can be found here. Insiders have purchased 25,000 shares of company stock worth $797,600 in the last ninety days. 13.35% of the stock is currently owned by corporate insiders.

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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