Rainier Investment Management LLC Lowers Position in Hudson Pacific Properties Inc (HPP)
Rainier Investment Management LLC trimmed its position in shares of Hudson Pacific Properties Inc (NYSE:HPP) by 28.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 75,870 shares of the real estate investment trust’s stock after selling 29,550 shares during the quarter. Rainier Investment Management LLC’s holdings in Hudson Pacific Properties were worth $2,599,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of HPP. PGGM Investments bought a new position in Hudson Pacific Properties during the fourth quarter valued at about $80,830,000. Citadel Advisors LLC increased its stake in Hudson Pacific Properties by 468.9% during the third quarter. Citadel Advisors LLC now owns 2,576,552 shares of the real estate investment trust’s stock valued at $86,392,000 after acquiring an additional 2,123,642 shares during the period. Bank of New York Mellon Corp increased its stake in Hudson Pacific Properties by 162.2% during the third quarter. Bank of New York Mellon Corp now owns 2,174,369 shares of the real estate investment trust’s stock valued at $72,907,000 after acquiring an additional 1,344,969 shares during the period. Principal Financial Group Inc. increased its stake in Hudson Pacific Properties by 13.6% during the third quarter. Principal Financial Group Inc. now owns 6,125,974 shares of the real estate investment trust’s stock valued at $205,403,000 after acquiring an additional 734,232 shares during the period. Finally, Brookfield Asset Management Inc. increased its stake in Hudson Pacific Properties by 11.3% during the second quarter. Brookfield Asset Management Inc. now owns 4,669,148 shares of the real estate investment trust’s stock valued at $159,638,000 after acquiring an additional 473,154 shares during the period.
In other news, EVP Sanford Dale Shimoda sold 2,800 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $35.68, for a total value of $99,904.00. Following the sale, the executive vice president now directly owns 83,072 shares in the company, valued at approximately $2,964,008.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.33% of the company’s stock.
Shares of Hudson Pacific Properties Inc (NYSE:HPP) opened at $29.73 on Tuesday. Hudson Pacific Properties Inc has a 12 month low of $29.17 and a 12 month high of $36.75. The firm has a market capitalization of $4,811.35, a P/E ratio of 16.06, a PEG ratio of 2.56 and a beta of 0.70. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.61.
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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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