Richard B. Fried Sells 17,417 Shares of Hudson Pacific Properties, Inc. (HPP) Stock
Hudson Pacific Properties, Inc. (NYSE:HPP) insider Richard B. Fried sold 17,417 shares of Hudson Pacific Properties stock in a transaction dated 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 the SEC website.
Hudson Pacific Properties, Inc. (NYSE:HPP) opened at $35.12 on Friday. The stock has a market capitalization of $5,507.39, a PE ratio of 18.38, a PEG ratio of 3.15 and a beta of 0.77. Hudson Pacific Properties, Inc. has a 12-month low of $31.52 and a 12-month high of $36.75. The company has a current ratio of 1.32, a quick ratio of 1.40 and a debt-to-equity ratio of 0.61.
Hudson Pacific Properties (NYSE:HPP) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. The company had revenue of $190.02 million during the quarter, compared to analyst estimates of $183.37 million. Hudson Pacific Properties had a return on equity of 1.58% and a net margin of 8.98%. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 EPS. equities research analysts predict that Hudson Pacific Properties, Inc. will post 1.96 earnings per share for the current fiscal year.
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Several institutional investors have recently bought and sold shares of HPP. PNC Financial Services Group Inc. lifted its holdings 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 valued at $130,000 after purchasing an additional 2,091 shares in the last quarter. Public Employees Retirement Association of Colorado bought a new position in shares of Hudson Pacific Properties during the 2nd quarter valued at about $168,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Hudson Pacific Properties during the 2nd quarter valued at about $214,000. Eqis Capital Management Inc. bought a new position in shares of Hudson Pacific Properties during the 2nd quarter valued at about $307,000. Finally, Advisors Asset Management Inc. lifted its holdings 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 valued at $307,000 after purchasing an additional 2,238 shares in the last quarter.
A number of brokerages recently commented on HPP. Zacks Investment Research upgraded 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. Goldman Sachs Group, Inc. (The) began coverage on Hudson Pacific Properties in a research report on Tuesday, September 19th. They issued a “buy” rating and a $39.00 price objective for the company. Morgan Stanley lowered their price objective on 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 Hudson Pacific Properties from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Hudson Pacific Properties presently has a consensus rating of “Hold” and a consensus target price of $37.79.
About Hudson Pacific Properties
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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