KBC Group NV decreased its position in Hudson Pacific Properties, Inc. (NYSE:HPP) by 38.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,853 shares of the real estate investment trust’s stock after selling 65,029 shares during the period. KBC Group NV owned 0.07% of Hudson Pacific Properties worth $3,517,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the company. Comerica Bank increased its position in shares of Hudson Pacific Properties by 37.5% in the second quarter. Comerica Bank now owns 11,464 shares of the real estate investment trust’s stock worth $367,000 after buying an additional 3,124 shares in the last quarter. Legal & General Group Plc increased its position in shares of Hudson Pacific Properties by 9.9% in the second quarter. Legal & General Group Plc now owns 709,514 shares of the real estate investment trust’s stock worth $24,258,000 after buying an additional 63,624 shares in the last quarter. State of Wisconsin Investment Board acquired a new position in shares of Hudson Pacific Properties during the second quarter worth approximately $1,064,000. LMR Partners LLP acquired a new position in shares of Hudson Pacific Properties during the second quarter worth approximately $3,909,000. Finally, Dupont Capital Management Corp increased its position in shares of Hudson Pacific Properties by 77.4% in the second quarter. Dupont Capital Management Corp now owns 57,226 shares of the real estate investment trust’s stock worth $1,957,000 after buying an additional 24,969 shares in the last quarter.
Shares of Hudson Pacific Properties, Inc. (HPP) opened at 32.76 on Friday. Hudson Pacific Properties, Inc. has a 1-year low of $31.53 and a 1-year high of $36.75. The stock has a market cap of $5.09 billion, a P/E ratio of 93.07 and a beta of 0.75. The company’s 50-day moving average is $32.45 and its 200 day moving average is $34.02.
Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the 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 business 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 posted $0.43 EPS. The company’s quarterly revenue was up 15.5% on a year-over-year basis. Equities research analysts anticipate that Hudson Pacific Properties, Inc. will post $0.34 EPS for the current year.
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A number of equities analysts have recently commented on HPP shares. KeyCorp reissued a “buy” rating and issued a $39.00 target price on shares of Hudson Pacific Properties in a research note on Friday. BidaskClub raised shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Barclays PLC raised their target price on shares of Hudson Pacific Properties from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $38.61.
In other Hudson Pacific Properties news, insider Harout Krikor Diramerian sold 20,000 shares of the firm’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $34.01, for a total transaction of $680,200.00. Following the completion of the sale, the insider now owns 52,876 shares of the company’s stock, valued at approximately $1,798,312.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alex Vouvalides sold 6,500 shares of the firm’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $35.16, for a total value of $228,540.00. Following the sale, the insider now directly owns 177,170 shares of the company’s stock, valued at approximately $6,229,297.20. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 25,000 shares of company stock valued at $797,600 and have sold 169,549 shares valued at $5,981,459. Company insiders own 13.35% of the company’s stock.
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.
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