Envestnet Asset Management Inc. increased its position in Hudson Pacific Properties Inc (NYSE:HPP) by 244.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,928 shares of the real estate investment trust’s stock after buying an additional 9,881 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Hudson Pacific Properties were worth $477,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Brookfield Asset Management Inc. lifted its holdings in shares of Hudson Pacific Properties by 0.7% during the fourth quarter. Brookfield Asset Management Inc. now owns 3,511,450 shares of the real estate investment trust’s stock valued at $120,267,000 after purchasing an additional 24,200 shares during the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of Hudson Pacific Properties by 21.2% during the fourth quarter. Westwood Holdings Group Inc. now owns 1,327,157 shares of the real estate investment trust’s stock valued at $45,455,000 after purchasing an additional 232,339 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new stake in shares of Hudson Pacific Properties during the fourth quarter valued at $467,000. Verition Fund Management LLC lifted its holdings in shares of Hudson Pacific Properties by 20.2% during the fourth quarter. Verition Fund Management LLC now owns 12,527 shares of the real estate investment trust’s stock valued at $429,000 after purchasing an additional 2,106 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Hudson Pacific Properties by 26.9% during the fourth quarter. Millennium Management LLC now owns 3,095,159 shares of the real estate investment trust’s stock valued at $106,009,000 after purchasing an additional 655,497 shares during the last quarter.

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Shares of Hudson Pacific Properties stock opened at $31.49 on Tuesday. The stock has a market capitalization of $4,900.92, a P/E ratio of 15.82, a price-to-earnings-growth ratio of 2.65 and a beta of 0.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.32 and a quick ratio of 1.32. Hudson Pacific Properties Inc has a 1 year low of $28.25 and a 1 year high of $36.14.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.02. The firm had revenue of $189.33 million during the quarter, compared to the consensus estimate of $189.63 million. Hudson Pacific Properties had a return on equity of 1.81% and a net margin of 10.14%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 EPS. research analysts forecast that Hudson Pacific Properties Inc will post 1.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Monday, March 19th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend was Friday, March 16th. Hudson Pacific Properties’s dividend payout ratio is currently 50.25%.

Several brokerages have recently commented on HPP. Sandler O’Neill downgraded Hudson Pacific Properties from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a report on Friday, January 12th. Zacks Investment Research downgraded Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, January 17th. Mizuho reissued a “hold” rating and issued a $32.00 price objective on shares of Hudson Pacific Properties in a research note on Thursday, January 25th. Citigroup started coverage on Hudson Pacific Properties in a research note on Tuesday, February 27th. They issued a “buy” rating and a $37.00 price objective for the company. Finally, Barclays reduced their price objective on Hudson Pacific Properties from $42.00 to $39.00 and set an “overweight” rating for the company in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $36.88.

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

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