Swiss National Bank boosted its stake in Hudson Pacific Properties Inc (NYSE:HPP) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274,150 shares of the real estate investment trust’s stock after acquiring an additional 3,600 shares during the period. Swiss National Bank owned 0.17% of Hudson Pacific Properties worth $9,713,000 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. Sumitomo Mitsui Asset Management Company LTD bought a new stake in Hudson Pacific Properties during the second quarter valued at $230,000. LLBH Private Wealth Management LLC bought a new stake in Hudson Pacific Properties during the second quarter valued at $260,000. Nisa Investment Advisors LLC bought a new stake in Hudson Pacific Properties during the second quarter valued at $277,000. Exane Derivatives increased its stake in Hudson Pacific Properties by 50,825.0% during the second quarter. Exane Derivatives now owns 8,148 shares of the real estate investment trust’s stock valued at $289,000 after purchasing an additional 8,132 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH bought a new stake in Hudson Pacific Properties during the first quarter valued at $390,000.
Several analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Robert W. Baird boosted their target price on shares of Hudson Pacific Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, May 30th. TheStreet upgraded shares of Hudson Pacific Properties from a “c+” rating to a “b-” rating in a research note on Wednesday, May 23rd. Mizuho reiterated a “hold” rating and set a $34.00 target price on shares of Hudson Pacific Properties in a research note on Monday, August 6th. Finally, Bank of America boosted their target price on shares of Hudson Pacific Properties from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, May 25th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $38.10.
In other news, EVP Arthur X. Suazo sold 10,000 shares of the company’s stock in a transaction dated Friday, June 8th. The shares were sold at an average price of $35.53, for a total transaction of $355,300.00. Following the completion of the transaction, the executive vice president now owns 102,995 shares in the company, valued at $3,659,412.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.93% of the stock is currently owned by corporate insiders.
Hudson Pacific Properties stock opened at $33.25 on Wednesday. The stock has a market cap of $5.30 billion, a PE ratio of 17.53, a PEG ratio of 3.22 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.30 and a quick ratio of 1.30. Hudson Pacific Properties Inc has a one year low of $28.25 and a one year high of $36.06.
Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.37). The firm had revenue of $175.17 million for the quarter, compared to the consensus estimate of $173.98 million. Hudson Pacific Properties had a return on equity of 2.76% and a net margin of 15.29%. The firm’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 EPS. equities research analysts predict that Hudson Pacific Properties Inc will post 1.87 EPS for the current year.
About Hudson Pacific Properties
Hudson Pacific Properties is a vertically integrated real estate Company focused on acquiring, repositioning, developing and operating high-quality office and state-of-the-art studio properties in select West Coast markets. Hudson Pacific invests across the risk-return spectrum, favoring opportunities where it can employ leasing, capital investment and management expertise to create additional value.
Recommended Story: Growth Stocks
Receive News & Ratings for Hudson Pacific Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson Pacific Properties and related companies with MarketBeat.com's FREE daily email newsletter.