Standard Life Aberdeen plc decreased its stake in shares of Hudson Pacific Properties Inc (NYSE:HPP) by 38.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,464,034 shares of the real estate investment trust’s stock after selling 916,488 shares during the quarter. Standard Life Aberdeen plc owned approximately 0.94% of Hudson Pacific Properties worth $50,136,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of HPP. Parametric Portfolio Associates LLC increased its holdings in Hudson Pacific Properties by 4.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 75,786 shares of the real estate investment trust’s stock worth $2,591,000 after purchasing an additional 3,325 shares during the period. Royal Bank of Canada increased its holdings in Hudson Pacific Properties by 60.7% during the 2nd quarter. Royal Bank of Canada now owns 9,386 shares of the real estate investment trust’s stock worth $321,000 after purchasing an additional 3,544 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in Hudson Pacific Properties by 1.9% during the 2nd 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 period. Dynamic Technology Lab Private Ltd purchased a new stake in Hudson Pacific Properties during the 2nd quarter worth about $214,000. Finally, Honeywell International Inc. increased its holdings in Hudson Pacific Properties by 27.8% during the 3rd quarter. Honeywell International Inc. now owns 64,220 shares of the real estate investment trust’s stock worth $2,153,000 after purchasing an additional 13,950 shares during the period.
Several brokerages have weighed in on HPP. Wells Fargo & Co upgraded Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a report on Friday. Mizuho restated a “hold” rating and set a $32.00 price target on shares of Hudson Pacific Properties in a report on Thursday, January 25th. Goldman Sachs Group downgraded Hudson Pacific Properties from a “buy” rating to a “neutral” rating in a report on Monday, November 20th. Barclays cut their price target on Hudson Pacific Properties from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Tuesday, January 30th. Finally, Zacks Investment Research upgraded Hudson Pacific Properties from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $37.29.
Hudson Pacific Properties Inc (NYSE HPP) opened at $31.66 on Friday. Hudson Pacific Properties Inc has a 1-year low of $28.25 and a 1-year high of $36.75. The company has a market capitalization of $4,803.78, a PE ratio of 15.48, a PEG ratio of 2.66 and a beta of 0.70. 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 (NYSE:HPP) last released its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. Hudson Pacific Properties had a return on equity of 1.81% and a net margin of 10.14%. The business had revenue of $189.33 million for the quarter, compared to the consensus estimate of $189.63 million. During the same quarter in the prior year, the business posted $0.46 EPS. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. sell-side analysts forecast that Hudson Pacific Properties Inc will post 1.9 earnings per share for the current year.
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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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