Great West Life Assurance Co. Can lowered its position in shares of Hudson Pacific Properties Inc (NYSE:HPP) by 3.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 111,866 shares of the real estate investment trust’s stock after selling 4,172 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Hudson Pacific Properties were worth $3,965,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HPP. Dimensional Fund Advisors LP increased its holdings in Hudson Pacific Properties by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,450,744 shares of the real estate investment trust’s stock valued at $86,830,000 after purchasing an additional 23,317 shares during the last quarter. BlackRock Inc. increased its holdings in Hudson Pacific Properties by 0.3% in the second quarter. BlackRock Inc. now owns 11,026,216 shares of the real estate investment trust’s stock valued at $390,657,000 after purchasing an additional 37,883 shares during the last quarter. CIBC Asset Management Inc bought a new stake in shares of Hudson Pacific Properties in the second quarter worth about $206,000. GSA Capital Partners LLP bought a new stake in shares of Hudson Pacific Properties in the second quarter worth about $529,000. Finally, Martingale Asset Management L P bought a new stake in shares of Hudson Pacific Properties in the second quarter worth about $12,446,000.

Shares of Hudson Pacific Properties stock opened at $32.64 on Thursday. Hudson Pacific Properties Inc has a 1 year low of $28.25 and a 1 year high of $36.06. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 3.13 and a beta of 0.61. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.60.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.37). Hudson Pacific Properties had a return on equity of 2.76% and a net margin of 15.29%. The business had revenue of $175.17 million during the quarter, compared to the consensus estimate of $173.98 million. During the same quarter last year, the company earned $0.48 earnings per share. The firm’s revenue was down 3.0% compared to the same quarter last year. research analysts predict that Hudson Pacific Properties Inc will post 1.87 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Tuesday, September 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.06%. Hudson Pacific Properties’s dividend payout ratio is currently 50.25%.

Several equities research analysts have issued reports on HPP shares. Mizuho restated a “hold” rating and issued a $34.00 price target on shares of Hudson Pacific Properties in a report on Monday, August 6th. TheStreet upgraded Hudson Pacific Properties from a “c+” rating to a “b-” rating in a report on Wednesday, May 23rd. DA Davidson set a $45.00 price target on Hudson Pacific Properties and gave the stock a “buy” rating in a report on Thursday, May 31st. Robert W. Baird downgraded Hudson Pacific Properties from an “outperform” rating to a “neutral” rating and set a $37.00 price target for the company. in a report on Tuesday, August 21st. Finally, Zacks Investment Research downgraded Hudson Pacific Properties from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $38.10.

In other news, Director Jonathan M. Glaser acquired 6,000 shares of Hudson Pacific Properties stock in a transaction dated Wednesday, September 5th. The stock was bought at an average cost of $32.97 per share, with a total value of $197,820.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher James Barton sold 20,166 shares of the company’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $33.02, for a total value of $665,881.32. The disclosure for this sale can be found here. 1.93% of the stock is owned by corporate insiders.

Hudson Pacific Properties Profile

Hudson Pacific Properties is a vertically integrated real estate Company focused on acquiring, repositioning, developing and operating high-quality office and state-of-the-art studio properties in select West Coast markets. Hudson Pacific invests across the risk-return spectrum, favoring opportunities where it can employ leasing, capital investment and management expertise to create value.

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

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