Bamco Inc. NY lowered its position in shares of Hudson Pacific Properties Inc (NYSE:HPP) by 47.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 163,927 shares of the real estate investment trust’s stock after selling 148,145 shares during the quarter. Bamco Inc. NY owned 0.11% of Hudson Pacific Properties worth $5,614,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. American International Group Inc. acquired a new position in Hudson Pacific Properties during the fourth quarter valued at approximately $113,000. MANA Advisors LLC acquired a new position in Hudson Pacific Properties during the fourth quarter valued at approximately $280,000. Creative Planning acquired a new position in Hudson Pacific Properties during the fourth quarter valued at approximately $317,000. Royal Bank of Canada grew its holdings in Hudson Pacific Properties by 60.7% during the second quarter. Royal Bank of Canada now owns 9,386 shares of the real estate investment trust’s stock valued at $321,000 after purchasing an additional 3,544 shares during the period. Finally, Cadence Capital Management LLC acquired a new position in Hudson Pacific Properties during the third quarter valued at approximately $385,000.
HPP traded down $0.51 during trading on Monday, reaching $32.02. The company had a trading volume of 915,043 shares, compared to its average volume of 1,064,364. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.32 and a current ratio of 1.32. Hudson Pacific Properties Inc has a 12 month low of $28.25 and a 12 month high of $36.14. The firm has a market cap of $5,096.77, a P/E ratio of 16.09, a PEG ratio of 2.76 and a beta of 0.67.
Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. The firm had revenue of $189.33 million for the quarter, compared to analyst estimates of $189.63 million. Hudson Pacific Properties had a net margin of 10.14% and a return on equity of 1.81%. The business’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. sell-side analysts anticipate that Hudson Pacific Properties Inc will post 1.91 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Monday, March 19th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date was Friday, March 16th. Hudson Pacific Properties’s dividend payout ratio is presently 50.25%.
A number of research analysts recently issued reports on HPP shares. Sandler O’Neill cut shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating and set a $36.00 price objective for the company. in a report on Friday, January 12th. Barclays decreased their price objective on shares of Hudson Pacific Properties from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Tuesday, January 30th. Zacks Investment Research lowered shares of Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, January 17th. Citigroup initiated coverage on shares of Hudson Pacific Properties in a research note on Tuesday, February 27th. They issued a “buy” rating and a $37.00 price target on the stock. Finally, Mizuho reaffirmed a “hold” rating and issued a $32.00 price target on shares of Hudson Pacific Properties in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $36.88.
Hudson Pacific Properties 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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