Howard Capital Management continued to hold its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 351,594 shares of the real estate investment trust’s stock at the end of the second quarter. Hudson Pacific Properties comprises approximately 1.9% of Howard Capital Management’s portfolio, making the stock its 24th largest position. Howard Capital Management owned approximately 0.23% of Hudson Pacific Properties worth $12,021,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Profund Advisors LLC boosted its stake in shares of Hudson Pacific Properties by 10.7% in the first quarter. Profund Advisors LLC now owns 8,933 shares of the real estate investment trust’s stock valued at $309,000 after buying an additional 863 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of Hudson Pacific Properties by 63.6% in the first quarter. Nationwide Fund Advisors now owns 448,884 shares of the real estate investment trust’s stock valued at $15,549,000 after buying an additional 174,426 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Hudson Pacific Properties by 10.3% in the first quarter. American Century Companies Inc. now owns 1,394,632 shares of the real estate investment trust’s stock valued at $48,310,000 after buying an additional 130,011 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Hudson Pacific Properties by 79.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,215 shares of the real estate investment trust’s stock valued at $1,393,000 after buying an additional 17,817 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of Hudson Pacific Properties by 281.8% in the first quarter. Nuveen Asset Management LLC now owns 1,968,038 shares of the real estate investment trust’s stock valued at $68,173,000 after buying an additional 1,452,589 shares in the last quarter.

Hudson Pacific Properties, Inc. (HPP) traded down 0.03% during mid-day trading on Friday, hitting $32.18. 543,374 shares of the stock traded hands. The firm’s 50-day moving average is $33.88 and its 200-day moving average is $34.54. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 88.41 and a beta of 0.76. Hudson Pacific Properties, Inc. has a 12-month low of $31.53 and a 12-month high of $36.75.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. The business had revenue of $168.30 million during the quarter, compared to the consensus estimate of $173.93 million. Hudson Pacific Properties had a net margin of 8.20% and a return on equity of 1.40%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities research analysts expect that Hudson Pacific Properties, Inc. will post $0.32 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Tuesday, June 20th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, June 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.11%. Hudson Pacific Properties’s dividend payout ratio (DPR) is presently 285.72%.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.dailypolitical.com/2017/07/22/hudson-pacific-properties-inc-hpp-position-held-by-howard-capital-management.html.

Several analysts recently issued reports on HPP shares. BidaskClub cut shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Barclays PLC upped their price objective on shares of Hudson Pacific Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, April 19th. 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 company’s stock. Hudson Pacific Properties has a consensus rating of “Buy” and an average price target of $38.44.

In other news, CEO Victor J. Coleman sold 58,086 shares of Hudson Pacific Properties stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $35.50, for a total transaction of $2,062,053.00. Following the completion of the sale, the chief executive officer now directly owns 936,165 shares in the company, valued at $33,233,857.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alex Vouvalides sold 6,500 shares of Hudson Pacific Properties stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $35.16, for a total transaction of $228,540.00. Following the sale, the insider now owns 177,170 shares of the company’s stock, valued at $6,229,297.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 169,549 shares of company stock valued at $5,981,459. Insiders own 13.35% of the company’s stock.

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)

Receive News & Ratings for Hudson Pacific Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson Pacific Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.