Honeywell International Inc. cut its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 24.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 50,270 shares of the real estate investment trust’s stock after selling 15,970 shares during the period. Honeywell International Inc.’s holdings in Hudson Pacific Properties were worth $1,719,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its stake in shares of Hudson Pacific Properties by 126.8% in the first quarter. PNC Financial Services Group Inc. now owns 3,740 shares of the real estate investment trust’s stock valued at $130,000 after buying an additional 2,091 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new stake in shares of Hudson Pacific Properties during the second quarter valued at approximately $168,000. Nine Chapters Capital Management LLC bought a new stake in shares of Hudson Pacific Properties during the first quarter valued at approximately $215,000. Advisors Asset Management Inc. boosted its stake in shares of Hudson Pacific Properties by 1,278.7% in the first quarter. Advisors Asset Management Inc. now owns 6,742 shares of the real estate investment trust’s stock valued at $234,000 after buying an additional 6,253 shares during the last quarter. Finally, Sprott Inc. bought a new stake in shares of Hudson Pacific Properties during the first quarter valued at approximately $283,000.

Hudson Pacific Properties, Inc. (NYSE HPP) opened at 32.46 on Wednesday. The firm’s 50 day moving average price is $33.22 and its 200-day moving average price is $34.34. The company has a market capitalization of $4.80 billion, a PE ratio of 89.18 and a beta of 0.75. 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 data on Thursday, August 3rd. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. The firm had revenue of $166.85 million for the quarter, compared to analyst estimates of $175.79 million. Hudson Pacific Properties had a return on equity of 1.39% and a net margin of 7.87%. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period last year, the company earned $0.43 EPS. On average, equities analysts anticipate that Hudson Pacific Properties, Inc. will post $0.29 earnings per share for the current fiscal year.

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Several analysts recently commented on HPP shares. BidaskClub upgraded Hudson Pacific Properties from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Barclays PLC upped their target price on Hudson Pacific Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. Hudson Pacific Properties has a consensus rating of “Buy” and an average target price of $38.44.

In other news, CFO Mark T. Lammas sold 65,963 shares of Hudson Pacific Properties stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $35.51, for a total value of $2,342,346.13. Following the sale, the chief financial officer now directly owns 321,780 shares in the company, valued at approximately $11,426,407.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Sanford Dale Shimoda sold 5,000 shares of Hudson Pacific Properties stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $35.55, for a total value of $177,750.00. Following the completion of the sale, the executive vice president now owns 93,872 shares in the company, valued at $3,337,149.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 169,549 shares of company stock worth $5,981,459. Corporate 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.

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

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