Hudson Pacific Properties, Inc. (NYSE:HPP) Director Jonathan M. Glaser acquired 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $31.78 per share, for a total transaction of $476,700.00. Following the acquisition, the director now owns 132,405 shares in the company, valued at $4,207,830.90. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP) traded down 1.31% on Friday, reaching $31.73. The company’s stock had a trading volume of 943,793 shares. The stock has a 50 day moving average of $32.81 and a 200-day moving average of $34.21. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 90.14 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 posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $166.85 million during the quarter, compared to analyst estimates of $175.79 million. During the same period in the prior year, the business posted $0.43 earnings per share. The company’s revenue was up 15.5% on a year-over-year basis. On average, analysts anticipate that Hudson Pacific Properties, Inc. will post $0.29 EPS for the current year.

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Hedge funds have recently bought and sold shares of the stock. Teacher Retirement System of Texas raised its stake in Hudson Pacific Properties by 1.3% in the second quarter. Teacher Retirement System of Texas now owns 12,333 shares of the real estate investment trust’s stock valued at $422,000 after buying an additional 162 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Hudson Pacific Properties by 0.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 150,264 shares of the real estate investment trust’s stock valued at $5,138,000 after buying an additional 590 shares during the last quarter. Amalgamated Bank raised its stake in Hudson Pacific Properties by 5.3% in the first quarter. Amalgamated Bank now owns 14,200 shares of the real estate investment trust’s stock valued at $492,000 after buying an additional 716 shares during the last quarter. Profund Advisors LLC raised its stake in 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 during the last quarter. Finally, GAM Holding AG raised its stake in Hudson Pacific Properties by 7.2% in the second quarter. GAM Holding AG now owns 13,329 shares of the real estate investment trust’s stock valued at $456,000 after buying an additional 896 shares during the last quarter.

Several equities research analysts recently weighed in on HPP shares. Barclays PLC raised their price objective on Hudson Pacific Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, April 19th. BidaskClub downgraded Hudson Pacific Properties from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $38.44.

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.

Insider Buying and Selling by Quarter for Hudson Pacific Properties (NYSE:HPP)

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