Everence Capital Management Inc. Has $131,000 Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

Everence Capital Management Inc. grew its holdings in Hudson Pacific Properties, Inc. (NYSE:HPP) by 17.4% during the third quarter, Holdings Channel.com reports. The firm owned 27,430 shares of the real estate investment trust’s stock after acquiring an additional 4,070 shares during the period. Everence Capital Management Inc.’s holdings in Hudson Pacific Properties were worth $131,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of HPP. Principal Financial Group Inc. boosted its stake in Hudson Pacific Properties by 21.3% in the first quarter. Principal Financial Group Inc. now owns 803,693 shares of the real estate investment trust’s stock worth $5,184,000 after purchasing an additional 141,045 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Hudson Pacific Properties by 95.7% during the first quarter. BNP Paribas Financial Markets now owns 158,549 shares of the real estate investment trust’s stock worth $1,023,000 after acquiring an additional 77,553 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Hudson Pacific Properties during the first quarter worth $510,000. Daiwa Securities Group Inc. raised its position in shares of Hudson Pacific Properties by 8.0% during the first quarter. Daiwa Securities Group Inc. now owns 41,396 shares of the real estate investment trust’s stock worth $267,000 after acquiring an additional 3,081 shares during the last quarter. Finally, Jennison Associates LLC raised its position in shares of Hudson Pacific Properties by 17.0% during the first quarter. Jennison Associates LLC now owns 141,425 shares of the real estate investment trust’s stock worth $912,000 after acquiring an additional 20,589 shares during the last quarter. Institutional investors and hedge funds own 97.58% of the company’s stock.

Hudson Pacific Properties Stock Down 1.7 %

Shares of Hudson Pacific Properties stock opened at $4.69 on Wednesday. Hudson Pacific Properties, Inc. has a 1 year low of $4.26 and a 1 year high of $9.85. The business has a 50-day moving average of $4.89 and a two-hundred day moving average of $5.14. The company has a market capitalization of $661.97 million, a P/E ratio of -2.93 and a beta of 1.31. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.47 and a quick ratio of 1.47.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.50). Hudson Pacific Properties had a negative return on equity of 7.41% and a negative net margin of 25.42%. The business had revenue of $218.00 million during the quarter, compared to the consensus estimate of $216.08 million. During the same quarter last year, the company earned $0.24 earnings per share. The firm’s revenue was down 11.1% compared to the same quarter last year. As a group, equities analysts predict that Hudson Pacific Properties, Inc. will post 0.57 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HPP shares. Wolfe Research downgraded Hudson Pacific Properties from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, August 14th. Bank of America dropped their target price on Hudson Pacific Properties from $4.50 to $4.00 and set an “underperform” rating for the company in a research report on Thursday, August 22nd. Wells Fargo & Company dropped their target price on Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating for the company in a research report on Wednesday, September 11th. The Goldman Sachs Group dropped their target price on Hudson Pacific Properties from $6.50 to $4.70 and set a “neutral” rating for the company in a research report on Wednesday, August 14th. Finally, Morgan Stanley downgraded Hudson Pacific Properties from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $6.00 to $4.25 in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $6.94.

Insiders Place Their Bets

In other news, COO Andy Wattula sold 9,356 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $5.28, for a total transaction of $49,399.68. Following the completion of the transaction, the chief operating officer now directly owns 61,068 shares of the company’s stock, valued at $322,439.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Jonathan M. Glaser sold 9,287 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $5.20, for a total transaction of $48,292.40. Following the completion of the transaction, the director now directly owns 3,713 shares of the company’s stock, valued at $19,307.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Andy Wattula sold 9,356 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $5.28, for a total value of $49,399.68. Following the transaction, the chief operating officer now directly owns 61,068 shares of the company’s stock, valued at $322,439.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.95% of the company’s stock.

About Hudson Pacific Properties

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.