Hudson Pacific Properties, Inc. (NYSE:HPP) Position Increased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 5.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,823,818 shares of the real estate investment trust’s stock after buying an additional 250,080 shares during the period. Daiwa Securities Group Inc. owned approximately 3.26% of Hudson Pacific Properties worth $164,927,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its position in Hudson Pacific Properties by 8.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,019 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 239 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Hudson Pacific Properties by 42.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 299,757 shares of the real estate investment trust’s stock valued at $10,426,000 after buying an additional 88,778 shares during the last quarter. Bank of Montreal Can boosted its position in Hudson Pacific Properties by 59.0% in the first quarter. Bank of Montreal Can now owns 51,800 shares of the real estate investment trust’s stock valued at $1,795,000 after buying an additional 19,224 shares during the last quarter. Howard Capital Management boosted its position in Hudson Pacific Properties by 30.7% in the first quarter. Howard Capital Management now owns 351,594 shares of the real estate investment trust’s stock valued at $12,179,000 after buying an additional 82,667 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC raised its stake in shares of Hudson Pacific Properties by 47.6% in the first quarter. Quantitative Systematic Strategies LLC now owns 28,608 shares of the real estate investment trust’s stock valued at $991,000 after buying an additional 9,222 shares during the period.

Hudson Pacific Properties, Inc. (HPP) traded up 0.55% during midday trading on Tuesday, hitting $32.82. 925,044 shares of the stock traded hands. The firm’s 50 day moving average is $32.70 and its 200-day moving average is $34.13. The stock has a market capitalization of $5.10 billion, a PE ratio of 93.24 and a beta of 0.75. Hudson Pacific Properties, Inc. has a 12-month low of $31.53 and a 12-month high of $36.75.

Hudson Pacific Properties (NYSE:HPP) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. Hudson Pacific Properties had a return on equity of 1.37% and a net margin of 7.87%. The company had revenue of $166.85 million during the quarter, compared to the consensus estimate of $175.79 million. During the same quarter last year, the firm earned $0.43 earnings per share. The company’s revenue was up 15.5% on a year-over-year basis. On average, analysts anticipate that Hudson Pacific Properties, Inc. will post $0.29 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “[[title]]” was first published by [[site]] and is owned by of [[site]]. If you are accessing this news story on another site, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this news story can be viewed at [[permalink]].

HPP has been the topic of several analyst reports. BidaskClub lowered shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Barclays PLC boosted their price target on shares of Hudson Pacific Properties from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $38.56.

In related news, CFO Mark T. Lammas sold 65,963 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $35.51, for a total value of $2,342,346.13. Following the completion of the transaction, the chief financial officer now owns 321,780 shares of the company’s stock, valued at $11,426,407.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jonathan M. Glaser purchased 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average cost of $31.78 per share, with a total value of $476,700.00. Following the purchase, the director now owns 132,405 shares of the company’s stock, valued at $4,207,830.90. The disclosure for this purchase can be found here. In the last three months, insiders have bought 25,000 shares of company stock valued at $797,600 and have sold 169,549 shares valued at $5,981,459. 13.35% of the stock is currently owned by company insiders.

Hudson Pacific Properties Company Profile

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.