State of New Jersey Common Pension Fund D continued to hold its position 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 institutional investor owned 425,500 shares of the real estate investment trust’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Hudson Pacific Properties were worth $14,548,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in HPP. PNC Financial Services Group Inc. boosted its position 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 in the last quarter. Public Employees Retirement Association of Colorado bought a new position in shares of Hudson Pacific Properties during the second quarter valued at about $168,000. Nine Chapters Capital Management LLC bought a new position in shares of Hudson Pacific Properties during the first quarter valued at about $215,000. Advisors Asset Management Inc. boosted its position 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 in the last quarter. Finally, Sprott Inc. bought a new position in shares of Hudson Pacific Properties during the first quarter valued at about $283,000.

Shares of Hudson Pacific Properties, Inc. (NYSE HPP) opened at 32.46 on Wednesday. The firm has a 50-day moving average of $33.22 and a 200-day moving average of $34.34. The stock has a market cap of $4.80 billion, a PE ratio of 89.18 and a beta of 0.75. Hudson Pacific Properties, Inc. has a one year low of $31.53 and a one year high of $36.75.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.48 earnings per share for the quarter, beating 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 1.39%. The company had revenue of $166.85 million during the quarter, compared to analyst estimates of $175.79 million. During the same quarter last year, the business posted $0.43 EPS. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, equities research analysts expect that Hudson Pacific Properties, Inc. will post $0.29 earnings per share for the current fiscal year.

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HPP has been the topic of several research analyst reports. BidaskClub upgraded shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Barclays PLC boosted their price target on shares of Hudson Pacific Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, April 19th. One investment 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. Hudson Pacific Properties presently has an average rating of “Buy” and a consensus price target of $38.44.

In other Hudson Pacific Properties news, EVP Sanford Dale Shimoda sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $35.87, for a total transaction of $179,350.00. Following the transaction, the executive vice president now owns 85,872 shares of the company’s stock, valued at approximately $3,080,228.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark T. Lammas sold 65,963 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $35.51, for a total transaction of $2,342,346.13. Following the transaction, the chief financial officer now directly owns 321,780 shares in the company, valued at approximately $11,426,407.80. The disclosure for this sale can be found here. Insiders have sold a total of 169,549 shares of company stock worth $5,981,459 in the last three months. Insiders own 13.35% of the company’s stock.

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

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