Hudson Pacific Properties, Inc. (NYSE:HPP) Stock Holdings Decreased by Vanguard Group Inc.

Vanguard Group Inc. lessened its position in Hudson Pacific Properties, Inc. (NYSE:HPP) by 0.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,456,959 shares of the real estate investment trust’s stock after selling 105,652 shares during the quarter. Vanguard Group Inc. owned approximately 0.15% of Hudson Pacific Properties worth $199,764,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GRS Advisors LLC purchased a new stake in shares of Hudson Pacific Properties in the fourth quarter valued at $18,489,000. Checchi Capital Advisers LLC acquired a new position in Hudson Pacific Properties during the fourth quarter valued at $2,969,000. American Century Companies Inc. purchased a new stake in Hudson Pacific Properties in the 3rd quarter worth about $9,313,000. Beach Point Capital Management LP acquired a new stake in Hudson Pacific Properties during the 4th quarter worth about $1,659,000. Finally, Natixis Advisors L.P. grew its stake in Hudson Pacific Properties by 9.4% during the 4th quarter. Natixis Advisors L.P. now owns 33,247 shares of the real estate investment trust’s stock valued at $309,000 after acquiring an additional 2,852 shares in the last quarter. Institutional investors and hedge funds own 97.58% of the company’s stock.

Insider Activity

In related news, CEO Victor J. Coleman sold 100,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $5.18, for a total transaction of $518,000.00. Following the completion of the sale, the chief executive officer now directly owns 387,451 shares of the company’s stock, valued at approximately $2,006,996.18. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have bought a total of 13,420 shares of company stock valued at $59,912 over the last 90 days. 3.92% of the stock is currently owned by company insiders.

Hudson Pacific Properties Trading Up 5.0 %

Shares of NYSE:HPP opened at $4.94 on Wednesday. Hudson Pacific Properties, Inc. has a 1 year low of $4.15 and a 1 year high of $9.85. The firm has a fifty day moving average price of $5.10 and a 200 day moving average price of $6.62. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $696.58 million, a PE ratio of -3.08, a P/E/G ratio of 0.62 and a beta of 1.32.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.53). Hudson Pacific Properties had a negative return on equity of 6.91% and a negative net margin of 23.48%. The company had revenue of $214.02 million for the quarter, compared to the consensus estimate of $220.61 million. Analysts expect that Hudson Pacific Properties, Inc. will post 0.86 EPS for the current fiscal year.

Hudson Pacific Properties Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Monday, June 17th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, June 17th. This represents a $0.20 annualized dividend and a yield of 4.05%. Hudson Pacific Properties’s dividend payout ratio (DPR) is presently -12.50%.

Analyst Ratings Changes

HPP has been the subject of a number of research analyst reports. Morgan Stanley reduced their price target on shares of Hudson Pacific Properties from $7.00 to $6.00 and set an “equal weight” rating for the company in a research report on Thursday, March 28th. Piper Sandler reiterated an “overweight” rating and issued a $7.00 target price on shares of Hudson Pacific Properties in a research report on Thursday, June 27th. The Goldman Sachs Group lowered their price target on shares of Hudson Pacific Properties from $9.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday, May 7th. Finally, Wolfe Research upgraded Hudson Pacific Properties from a “peer perform” rating to an “outperform” rating and set a $8.40 price objective for the company in a report on Monday, March 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Hudson Pacific Properties presently has an average rating of “Hold” and a consensus price target of $8.49.

Hudson Pacific Properties Profile

Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.