Cubist Systematic Strategies LLC lessened its position in Hudson Pacific Properties Inc (NYSE:HPP) by 90.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,808 shares of the real estate investment trust’s stock after selling 87,276 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Hudson Pacific Properties were worth $295,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HPP. Raymond James Financial Services Advisors Inc. raised its stake in shares of Hudson Pacific Properties by 1.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 17,932 shares of the real estate investment trust’s stock worth $613,000 after purchasing an additional 336 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Hudson Pacific Properties by 2.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,225 shares of the real estate investment trust’s stock worth $1,409,000 after acquiring an additional 1,010 shares during the period. Cornerstone Capital Management Holdings LLC. grew its holdings in shares of Hudson Pacific Properties by 2.1% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 75,904 shares of the real estate investment trust’s stock worth $2,545,000 after acquiring an additional 1,582 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Hudson Pacific Properties by 27.9% in the third quarter. Advisors Asset Management Inc. now owns 11,489 shares of the real estate investment trust’s stock worth $385,000 after acquiring an additional 2,509 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in shares of Hudson Pacific Properties by 11.6% in the third quarter. Pacer Advisors Inc. now owns 28,155 shares of the real estate investment trust’s stock worth $944,000 after acquiring an additional 2,925 shares during the period. Institutional investors own 99.48% of the company’s stock.
In other Hudson Pacific Properties news, insider Richard B. Fried sold 17,417 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $34.66, for a total transaction of $603,673.22. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Sanford Dale Shimoda sold 2,800 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $35.68, for a total value of $99,904.00. Following the sale, the executive vice president now owns 83,072 shares of the company’s stock, valued at approximately $2,964,008.96. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.
Shares of Hudson Pacific Properties Inc (HPP) opened at $32.87 on Friday. The stock has a market capitalization of $5,212.43, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 2.69 and a beta of 0.79. Hudson Pacific Properties Inc has a 52-week low of $31.52 and a 52-week high of $36.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.32 and a current ratio of 1.32.
Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.50 EPS for the quarter, meeting analysts’ consensus estimates of $0.50. Hudson Pacific Properties had a return on equity of 1.58% and a net margin of 8.98%. The firm had revenue of $190.02 million for the quarter, compared to analysts’ expectations of $183.37 million. During the same quarter in the prior year, the firm posted $0.46 earnings per share. The company’s quarterly revenue was up 15.5% on a year-over-year basis. equities research analysts predict that Hudson Pacific Properties Inc will post 1.96 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Monday, December 18th were paid a $0.25 dividend. The ex-dividend date was Friday, December 15th. This represents a $1.00 annualized dividend and a yield of 3.04%. Hudson Pacific Properties’s dividend payout ratio (DPR) is currently 243.90%.
Several analysts recently commented on HPP shares. Zacks Investment Research raised Hudson Pacific Properties from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Goldman Sachs Group lowered Hudson Pacific Properties from a “buy” rating to a “neutral” rating in a report on Monday, November 20th. KeyCorp reissued a “buy” rating on shares of Hudson Pacific Properties in a report on Tuesday, September 26th. Finally, Sandler O’Neill lowered Hudson Pacific Properties from a “buy” rating to a “hold” rating and set a $36.00 price objective for the company. in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $37.67.
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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.
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