Eii Capital Management Inc. lessened its position in Hudson Pacific Properties Inc (NYSE:HPP) by 34.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,440 shares of the real estate investment trust’s stock after selling 14,141 shares during the quarter. Eii Capital Management Inc.’s holdings in Hudson Pacific Properties were worth $906,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. lifted its position 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 valued at $2,545,000 after acquiring an additional 1,582 shares in the last quarter. Amalgamated Bank lifted its position in shares of Hudson Pacific Properties by 6.2% in the fourth quarter. Amalgamated Bank now owns 30,114 shares of the real estate investment trust’s stock valued at $1,031,000 after acquiring an additional 1,768 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Hudson Pacific Properties by 3.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,329 shares of the real estate investment trust’s stock worth $1,621,000 after buying an additional 1,780 shares in the last quarter. Eagle Asset Management Inc. lifted its position in Hudson Pacific Properties by 1.2% during the fourth quarter. Eagle Asset Management Inc. now owns 162,442 shares of the real estate investment trust’s stock worth $5,413,000 after buying an additional 1,960 shares in the last quarter. Finally, Aperio Group LLC lifted its position in Hudson Pacific Properties by 20.1% during the fourth quarter. Aperio Group LLC now owns 12,277 shares of the real estate investment trust’s stock worth $420,000 after buying an additional 2,053 shares in the last quarter.
Shares of Hudson Pacific Properties stock opened at $32.70 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market capitalization of $5,123.41, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 2.78 and a beta of 0.68. Hudson Pacific Properties Inc has a one year low of $28.25 and a one year high of $36.14.
Hudson Pacific Properties (NYSE:HPP) last posted its earnings results 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 company had revenue of $189.33 million during the quarter, compared to analysts’ expectations of $189.63 million. Hudson Pacific Properties had a return on equity of 1.81% and a net margin of 10.14%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 earnings per share. equities analysts expect that Hudson Pacific Properties Inc will post 1.91 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Monday, March 19th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $1.00 annualized dividend and a yield of 3.06%. Hudson Pacific Properties’s dividend payout ratio (DPR) is 227.28%.
A number of equities analysts recently commented on the company. Sandler O’Neill reiterated a “hold” rating and set a $33.00 price objective on shares of Hudson Pacific Properties in a research report on Friday, February 23rd. Wells Fargo upgraded Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research report on Friday, February 23rd. Citigroup began coverage on Hudson Pacific Properties in a research note on Tuesday, February 27th. They set a “buy” rating and a $37.00 target price for the company. Goldman Sachs cut Hudson Pacific Properties from a “buy” rating to a “neutral” rating in a research note on Monday, November 20th. Finally, Mizuho reissued a “hold” rating and set a $32.00 target price on shares of Hudson Pacific Properties in a research note on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Hudson Pacific Properties has an average rating of “Hold” and a consensus target price of $36.88.
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Hudson Pacific Properties 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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