Tudor Investment Corp ET AL reduced its stake in Hudson Pacific Properties, Inc. (NYSE:HPP) by 31.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,734 shares of the real estate investment trust’s stock after selling 18,569 shares during the period. Tudor Investment Corp ET AL’s holdings in Hudson Pacific Properties were worth $1,359,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in HPP. Vanguard Group Inc. boosted its holdings in Hudson Pacific Properties by 24.8% in the first quarter. Vanguard Group Inc. now owns 24,132,050 shares of the real estate investment trust’s stock valued at $835,935,000 after purchasing an additional 4,791,213 shares during the period. BlackRock Inc. grew its stake in Hudson Pacific Properties by 5,818.7% during the 1st quarter. BlackRock Inc. now owns 12,354,125 shares of the real estate investment trust’s stock worth $427,947,000 after purchasing an additional 12,145,395 shares in the last quarter. Cbre Clarion Securities LLC grew its stake in Hudson Pacific Properties by 14.1% during the 2nd quarter. Cbre Clarion Securities LLC now owns 5,416,970 shares of the real estate investment trust’s stock worth $185,206,000 after purchasing an additional 668,985 shares in the last quarter. Principal Financial Group Inc. grew its stake in Hudson Pacific Properties by 14.5% during the 2nd quarter. Principal Financial Group Inc. now owns 5,391,742 shares of the real estate investment trust’s stock worth $184,344,000 after purchasing an additional 683,260 shares in the last quarter. Finally, State Street Corp grew its stake in Hudson Pacific Properties by 38.3% during the 1st quarter. State Street Corp now owns 5,047,262 shares of the real estate investment trust’s stock worth $174,833,000 after purchasing an additional 1,397,069 shares in the last quarter.

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In other Hudson Pacific Properties news, Director Jonathan M. Glaser acquired 5,000 shares of the stock in a transaction on Wednesday, August 9th. The stock was purchased at an average price of $32.20 per share, for a total transaction of $161,000.00. Following the purchase, the director now directly owns 132,405 shares in the company, valued at $4,263,441. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan M. Glaser acquired 15,000 shares of the stock in a transaction on Friday, August 11th. The shares were acquired at an average price of $31.78 per share, with a total value of $476,700.00. Following the purchase, the director now owns 132,405 shares in the company, valued at $4,207,830.90. The disclosure for this purchase can be found here. Insiders purchased 25,000 shares of company stock valued at $797,600 in the last three months. 13.35% of the stock is currently owned by company insiders.

Hudson Pacific Properties, Inc. (NYSE:HPP) opened at 33.185 on Wednesday. The firm has a market capitalization of $5.15 billion, a PE ratio of 94.276 and a beta of 0.75. Hudson Pacific Properties, Inc. has a 52-week low of $31.53 and a 52-week high of $36.75. The stock’s 50 day moving average price is $32.61 and its 200 day moving average price is $33.48.

Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the 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 company had revenue of $166.85 million during the quarter, compared to the consensus estimate of $175.79 million. During the same period last year, the firm earned $0.43 earnings per share. The company’s revenue was up 15.5% on a year-over-year basis. Analysts expect that Hudson Pacific Properties, Inc. will post $0.29 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 19th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend was Monday, September 18th. Hudson Pacific Properties’s dividend payout ratio (DPR) is 277.78%.

Several equities research analysts have weighed in on HPP shares. KeyCorp restated a “buy” rating and set a $39.00 price target on shares of Hudson Pacific Properties in a report on Friday, August 25th. Goldman Sachs Group, Inc. (The) assumed coverage on Hudson Pacific Properties in a research note on Tuesday, September 19th. They issued a “buy” rating and a $39.00 price objective for the company. BidaskClub upgraded Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Barclays PLC boosted their price objective on Hudson Pacific Properties from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 15th. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $38.39.

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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