Virginia Retirement Systems ET AL cut its holdings in Hudson Pacific Properties Inc (NYSE:HPP) by 79.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 14,200 shares of the real estate investment trust’s stock after selling 55,300 shares during the period. Virginia Retirement Systems ET AL’s holdings in Hudson Pacific Properties were worth $465,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Cbre Clarion Securities LLC increased its holdings in shares of Hudson Pacific Properties by 167.9% during the 2nd quarter. Cbre Clarion Securities LLC now owns 4,568,180 shares of the real estate investment trust’s stock worth $161,851,000 after buying an additional 2,862,705 shares during the last quarter. American Century Companies Inc. purchased a new stake in Hudson Pacific Properties during the 2nd quarter worth $36,726,000. Citadel Advisors LLC boosted its position in Hudson Pacific Properties by 104.1% during the 2nd quarter. Citadel Advisors LLC now owns 1,706,962 shares of the real estate investment trust’s stock worth $60,478,000 after purchasing an additional 870,665 shares during the period. Renaissance Technologies LLC boosted its position in Hudson Pacific Properties by 162.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,105,900 shares of the real estate investment trust’s stock worth $39,182,000 after purchasing an additional 683,900 shares during the period. Finally, Glenmede Trust Co. NA boosted its position in Hudson Pacific Properties by 27.9% during the 2nd quarter. Glenmede Trust Co. NA now owns 2,103,719 shares of the real estate investment trust’s stock worth $74,535,000 after purchasing an additional 458,568 shares during the period.

A number of analysts recently weighed in on HPP shares. TheStreet cut shares of Hudson Pacific Properties from a “b” rating to a “c+” rating in a research report on Wednesday, August 8th. Zacks Investment Research raised shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Thursday, November 15th. Mizuho reaffirmed a “hold” rating and set a $34.00 price target on shares of Hudson Pacific Properties in a research report on Monday, August 6th. Robert W. Baird cut shares of Hudson Pacific Properties from an “outperform” rating to a “neutral” rating and set a $37.00 price target for the company. in a research report on Tuesday, August 21st. Finally, Scotiabank started coverage on shares of Hudson Pacific Properties in a research report on Tuesday, October 16th. They set an “outperform” rating for the company. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $38.00.

NYSE:HPP opened at $30.03 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 2.87 and a beta of 0.67. Hudson Pacific Properties Inc has a 1-year low of $28.25 and a 1-year high of $36.06.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.36). The firm had revenue of $180.70 million during the quarter, compared to analysts’ expectations of $175.92 million. Hudson Pacific Properties had a net margin of 15.99% and a return on equity of 2.93%. The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 earnings per share. As a group, sell-side analysts expect that Hudson Pacific Properties Inc will post 1.85 earnings per share for the current fiscal year.

In related news, Director Jonathan M. Glaser bought 1,957 shares of the business’s stock in a transaction dated Wednesday, November 7th. The shares were acquired at an average price of $30.11 per share, for a total transaction of $58,925.27. Following the purchase, the director now owns 129,468 shares in the company, valued at approximately $3,898,281.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Christopher James Barton sold 20,166 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $33.02, for a total transaction of $665,881.32. The disclosure for this sale can be found here. Corporate insiders own 1.93% of the company’s stock.

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Hudson Pacific Properties Profile

Hudson Pacific Properties, Inc is areal estate company. It owns, operates, develops and acquires office, media, and entertainment properties. The company operates through two segments: Office Properties and Media & Entertainment Properties. The Office Properties segment manages office properties located in California and Pacific Northwest.

Further Reading: NASDAQ Stock Market Explained

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

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