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Texas Permanent School Fund Corporation increased its position in Hudson Pacific Properties, Inc. (NYSE:HPP – Free Report) during the third quarter, according to its latest filing with the Securities and Exchange Commission (SEC). reduced by 4.7%. The fund now owns 106,954 shares of the real estate investment trust’s stock after selling 5,255 shares during the quarter. Texas Permanent School Fund Corp.’s holdings in Hudson Pacific Properties were worth $711,000 as of its latest filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently changed their positions within the company. Captrust Financial Advisors bought a new position in shares of Hudson Pacific Properties in the 2nd quarter valued at approximately $33,000. Point72 Hong Kong Ltd. bought a new position in shares of Hudson Pacific Properties in the 2nd quarter valued at approximately $35,000. Mitsubishi UFJ Trust and Banking increased its holdings in shares of Hudson Pacific Properties by 183.6% in the 2nd quarter. Mitsubishi UFJ Trust and Banking acquired an additional 5,626 shares last quarter and now owns 8,691 real estate investment trust shares (valued at $37,000). Cape Cod Five Cent Savings Bank purchased a new stake in shares of Hudson Pacific Properties during the 2nd quarter valued at approximately $44,000. Finally, Mirabella Financial Services LLP bought a new stake in Hudson Pacific Properties during the 2nd quarter worth his $47,000. Institutional investors own 97.58% of the company’s stock.
Analyst rating changes
Many brokerage firms publish reports on HPP. BMO Capital Markets increased their target price on Hudson Pacific Properties from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, January 4th. BTIG Research increased their target price on shares of Hudson Pacific Properties from $11.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, December 29th. Bank of America lowered shares of Hudson Pacific Properties from a “neutral” rating to an “underperform” rating and lowered their price objective from $5.50 to $4.00 in a research note on Monday, November 13th. Goldman Sachs Group increased their target price on Hudson Pacific Properties from $7.10 to $10.60 and gave the company a “neutral” rating in a research note on Thursday, January 11th. Finally, Wedbush downgraded Hudson Pacific Properties from an “outperform” rating to a “neutral” rating and lowered their price target from $11.00 to $7.50 in a research report on Tuesday, February 20th. Ta. Two investment analysts have rated the stock as a “sell,” six have rated it a “hold,” and four have rated it a “buy.” The stock currently has an average rating of “Hold” and an average price target of $8.83, according to data from MarketBeat.com.
Check out Hudson Pacific’s latest real estate report.
Hudson Pacific Properties trades up 0.5%
HPP stock opened Friday at $6.53. Hudson Pacific Properties has a 1-year low of $4.05 and a 1-year high of $9.85. The company has a market capitalization of $921.45 million, a P/E ratio of -4.77, a P/E ratio of 0.56, and a beta of 1.37. The company has a debt-equity ratio of 1.31, a current ratio of 1.79, and a quick ratio of 1.51. The company’s 50 day simple moving average is $8.38 and its 200 day simple moving average is $6.93.
Hudson Pacific Properties (NYSE:HPP – Get Free Report) last released its quarterly earnings data on Monday, February 12th. The real estate investment trust reported earnings of $0.15 per share for the quarter, meeting the consensus estimate of $0.15. Hudson Pacific Properties’ net margin was -19.20% and return on equity was -5.74%. The company had revenue of $223.42 million for the quarter, compared to analyst expectations of $223.93 million. In the same period last year, the company’s EPS was $0.49. The business’ quarterly revenue decreased 17.2% year over year. Sell-side analysts expect Hudson Pacific Properties to report 1.03 times earnings per share for the current fiscal year.
Insider buying and selling at Hudson Pacific Properties
In other news, CIO Drew Gordon sold 10,000 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $7.11, for a total value of $71,100.00. Following the completion of the transaction, the executive will now directly own 116,694 shares of the company’s stock, valued at approximately $829,694.34. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. In other Hudson Pacific Properties news, Director Barry A. Scholem purchased 40,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were purchased at an average price of $6.69 per share, for a total transaction of $267,600.00. Following the transaction, the director now directly owns 70,176 shares of the company’s stock, valued at $469,477.44. The acquisition was disclosed in a legal filing with the Securities and Exchange Commission, which is available on the SEC’s website. Also, CIO Drew Gordon sold 10,000 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $7.11, for a total transaction of $71,100.00. Following the completion of the sale, the executive will now directly own 116,694 shares of the company’s stock, valued at $829,694.34. Disclosures regarding this sale can be found here. Insiders own 2.95% of the company’s stock.
Hudson Pacific Properties Company Profile
(Free report)
Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic technology and media tenants in the global epicenter of synergistic, convergent and secular growth industries. Hudson Pacific’s unique, high-barrier technology and media focus delivers full-service, end-to-end value built through deep strategic relationships and niche expertise through real estate identification, acquisition, transformation, and development. Collaborative, sustainable office and studio spaces powered by creative platforms and equipped with world-class amenities.
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