Westwood Holdings Group Inc. boosted its holdings in Hudson Pacific Properties Inc (NYSE:HPP) by 21.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,327,157 shares of the real estate investment trust’s stock after buying an additional 232,339 shares during the quarter. Westwood Holdings Group Inc. owned approximately 0.85% of Hudson Pacific Properties worth $45,455,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. American International Group Inc. bought a new position in shares of Hudson Pacific Properties during the fourth quarter worth about $113,000. MANA Advisors LLC bought a new stake in Hudson Pacific Properties in the fourth quarter worth approximately $280,000. Creative Planning bought a new stake in Hudson Pacific Properties in the fourth quarter worth approximately $317,000. Royal Bank of Canada increased its holdings in Hudson Pacific Properties by 60.7% in the second 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 in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in 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 purchasing an additional 2,509 shares in the last quarter.
Several equities research analysts have recently commented on the company. Wells Fargo upgraded Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a report on Friday, February 23rd. Zacks Investment Research cut Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Barclays cut their target price on Hudson Pacific Properties from $42.00 to $39.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 30th. Sandler O’Neill cut Hudson Pacific Properties from a “buy” rating to a “hold” rating and set a $36.00 price objective on the stock. in a research report on Friday, January 12th. Finally, Mizuho reaffirmed a “hold” rating and set a $32.00 price target on shares of Hudson Pacific Properties in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $36.88.
Shares of HPP traded down $0.44 during midday trading on Friday, reaching $31.59. The stock had a trading volume of 690,854 shares, compared to its average volume of 809,099. The stock has a market capitalization of $4,949.49, a P/E ratio of 15.87, a PEG ratio of 2.68 and a beta of 0.67. Hudson Pacific Properties Inc has a 12-month low of $28.25 and a 12-month high of $36.14. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.62.
Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Thursday, February 15th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $189.33 million during the quarter, compared to analysts’ expectations of $189.63 million. During the same period in the prior year, the business posted $0.46 EPS. Hudson Pacific Properties’s quarterly revenue was up 13.2% compared to the same quarter last year. equities research analysts predict that Hudson Pacific Properties Inc will post 1.91 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Monday, March 19th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend was Friday, March 16th. Hudson Pacific Properties’s dividend payout ratio is currently 50.25%.
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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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