Picton Mahoney Asset Management trimmed its position in shares of Hudson Pacific Properties Inc (NYSE:HPP) by 55.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 26,800 shares of the real estate investment trust’s stock after selling 33,900 shares during the quarter. Picton Mahoney Asset Management’s holdings in Hudson Pacific Properties were worth $919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Hudson Pacific Properties by 1.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 17,932 shares of the real estate investment trust’s stock valued at $613,000 after buying an additional 336 shares during the period. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Hudson Pacific Properties by 2.1% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 75,904 shares of the real estate investment trust’s stock valued at $2,545,000 after buying an additional 1,582 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Hudson Pacific Properties by 3.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,329 shares of the real estate investment trust’s stock valued at $1,621,000 after buying an additional 1,780 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Hudson Pacific Properties by 27.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 11,489 shares of the real estate investment trust’s stock valued at $385,000 after buying an additional 2,509 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of Hudson Pacific Properties by 11.6% during the 3rd quarter. Pacer Advisors Inc. now owns 28,155 shares of the real estate investment trust’s stock valued at $944,000 after buying an additional 2,925 shares during the period.

In other Hudson Pacific Properties news, insider Richard B. Fried sold 17,417 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $34.66, for a total value of $603,673.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sanford Dale Shimoda sold 2,800 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $35.68, for a total value of $99,904.00. Following the completion of the sale, the executive vice president now owns 83,072 shares of the company’s stock, valued at approximately $2,964,008.96. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Shares of Hudson Pacific Properties Inc (HPP) opened at $30.83 on Monday. Hudson Pacific Properties Inc has a 12 month low of $29.17 and a 12 month high of $36.75. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $4,811.35, a price-to-earnings ratio of 75.20, a price-to-earnings-growth ratio of 2.56 and a beta of 0.70.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, hitting 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 during the quarter, compared to analyst estimates of $183.37 million. During the same quarter in the prior year, the business posted $0.46 EPS. Hudson Pacific Properties’s revenue for the quarter was up 15.5% compared to the same quarter last year. equities analysts expect that Hudson Pacific Properties Inc will post 1.96 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Hudson Pacific Properties from a “hold” rating to a “sell” rating in a report on Wednesday, January 17th. Goldman Sachs Group cut Hudson Pacific Properties from a “buy” rating to a “neutral” rating in a report on Monday, November 20th. Barclays lowered their price target on Hudson Pacific Properties from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Tuesday, January 30th. Sandler O’Neill cut Hudson Pacific Properties from a “buy” rating to a “hold” rating and set a $36.00 price target on the stock. in a report on Friday, January 12th. Finally, Mizuho reissued a “hold” rating and set a $32.00 price target on shares of Hudson Pacific Properties in a report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $36.83.

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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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