Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Hudson Pacific Properties Inc (NYSE:HPP) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 111,437 shares of the real estate investment trust’s stock, valued at approximately $3,816,000.
Several other hedge funds have also recently added to or reduced their stakes in HPP. American International Group Inc. purchased a new stake in shares of Hudson Pacific Properties during the 4th quarter valued at approximately $113,000. Creative Planning purchased a new stake in shares of Hudson Pacific Properties during the 4th quarter valued at approximately $317,000. Advisors Asset Management Inc. raised its position in shares of Hudson Pacific Properties by 27.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 11,489 shares of the real estate investment trust’s stock valued at $385,000 after buying an additional 2,509 shares during the period. Cadence Capital Management LLC purchased a new stake in shares of Hudson Pacific Properties during the 3rd quarter valued at approximately $385,000. Finally, Aperio Group LLC raised its position in shares of Hudson Pacific Properties by 20.1% during the 4th quarter. Aperio Group LLC now owns 12,277 shares of the real estate investment trust’s stock valued at $420,000 after buying an additional 2,053 shares during the period.
Several analysts have recently commented on HPP shares. Wells Fargo raised shares of Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research report on Friday, February 23rd. Sandler O’Neill reaffirmed a “hold” rating and set a $33.00 price target on shares of Hudson Pacific Properties in a research report on Friday, February 23rd. Zacks Investment Research lowered shares of 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. Finally, Citigroup started coverage on Hudson Pacific Properties in a research report on Tuesday, February 27th. They issued a “buy” rating and a $37.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $36.88.
Shares of Hudson Pacific Properties Inc (NYSE:HPP) opened at $32.01 on Friday. The stock has a market capitalization of $5,077.97, a P/E ratio of 72.75, a price-to-earnings-growth ratio of 2.75 and a beta of 0.68. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.32 and a quick ratio of 1.32. Hudson Pacific Properties Inc has a 12-month low of $28.25 and a 12-month high of $36.14.
Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Thursday, February 15th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $189.33 million for the quarter, compared to analyst estimates 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 in the previous year, the company earned $0.46 earnings per share. equities research analysts expect that Hudson Pacific Properties Inc will post 1.91 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Monday, March 19th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Friday, March 16th. Hudson Pacific Properties’s payout ratio is 227.28%.
About Hudson Pacific Properties
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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