Veritable L.P. increased its holdings in Hudson Pacific Properties, Inc. (NYSE:HPP) by 25.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,993 shares of the real estate investment trust’s stock after buying an additional 3,399 shares during the period. Veritable L.P.’s holdings in Hudson Pacific Properties were worth $581,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. PNC Financial Services Group Inc. lifted its holdings in Hudson Pacific Properties by 126.8% during the first quarter. PNC Financial Services Group Inc. now owns 3,740 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 2,091 shares during the period. Public Employees Retirement Association of Colorado bought a new stake in Hudson Pacific Properties during the 2nd quarter valued at $168,000. Comerica Bank bought a new stake in Hudson Pacific Properties during the 1st quarter valued at $291,000. US Bancorp DE boosted its position in 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 valued at $295,000 after acquiring an additional 3,988 shares in the last quarter. Finally, Eqis Capital Management Inc. bought a new stake in Hudson Pacific Properties during the 2nd quarter valued at $307,000.

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In other news, Director Jonathan M. Glaser bought 15,000 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $31.78 per share, for a total transaction of $476,700.00. Following the completion of the purchase, the director now owns 132,405 shares in the company, valued at approximately $4,207,830.90. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jonathan M. Glaser bought 5,000 shares of the 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 purchase, the director now owns 132,405 shares of the company’s stock, valued at approximately $4,234,311.90. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 25,000 shares of company stock worth $797,600. Insiders own 13.35% of the company’s stock.

Shares of Hudson Pacific Properties, Inc. (HPP) opened at 33.53 on Monday. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 95.26 and a beta of 0.75. Hudson Pacific Properties, Inc. has a one year low of $31.52 and a one year high of $36.75. The stock’s 50 day moving average price is $32.49 and its 200 day moving average price is $33.59.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Monday, September 18th. Hudson Pacific Properties’s dividend payout ratio is presently 277.78%.

HPP has been the topic of a number of analyst reports. Morgan Stanley cut their price target on Hudson Pacific Properties from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, September 1st. BidaskClub cut Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. KeyCorp restated a “buy” rating and set a $39.00 price objective on shares of Hudson Pacific Properties in a research note on Friday, August 25th. Barclays PLC raised their price objective on Hudson Pacific Properties from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Tuesday, August 15th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on Hudson Pacific Properties in a research report on Tuesday, September 19th. They set a “buy” rating and a $39.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $38.39.

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.

Institutional Ownership by Quarter for Hudson Pacific Properties (NYSE:HPP)

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