Hudson Pacific Properties, Inc. (NYSE:HPP) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its holdings in Hudson Pacific Properties, Inc. (NYSE:HPP) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,456,959 shares of the real estate investment trust’s stock after selling 105,652 shares during the period. Vanguard Group Inc. owned about 15.21% of Hudson Pacific Properties worth $199,764,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Deutsche Bank AG raised its position in shares of Hudson Pacific Properties by 2,367.6% during the 3rd quarter. Deutsche Bank AG now owns 4,280,984 shares of the real estate investment trust’s stock worth $28,469,000 after acquiring an additional 4,107,498 shares in the last quarter. Waterfront Capital Partners LLC acquired a new position in shares of Hudson Pacific Properties in the 4th quarter valued at $22,848,000. GRS Advisors LLC purchased a new position in shares of Hudson Pacific Properties in the 4th quarter valued at $18,489,000. American Century Companies Inc. acquired a new stake in Hudson Pacific Properties during the 3rd quarter worth $9,313,000. Finally, Allianz Asset Management GmbH lifted its position in Hudson Pacific Properties by 114.3% in the fourth quarter. Allianz Asset Management GmbH now owns 2,107,500 shares of the real estate investment trust’s stock valued at $19,621,000 after acquiring an additional 1,124,100 shares during the last quarter. 97.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Hudson Pacific Properties news, CEO Victor J. Coleman sold 100,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $5.18, for a total value of $518,000.00. Following the completion of the sale, the chief executive officer now owns 387,451 shares of the company’s stock, valued at $2,006,996.18. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have acquired 13,420 shares of company stock valued at $59,912 over the last quarter. Company insiders own 3.92% of the company’s stock.

Hudson Pacific Properties Stock Up 5.0 %

Shares of Hudson Pacific Properties stock opened at $4.94 on Wednesday. Hudson Pacific Properties, Inc. has a one year low of $4.15 and a one year high of $9.85. The company has a market cap of $696.58 million, a P/E ratio of -3.08, a PEG ratio of 0.62 and a beta of 1.32. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a fifty day moving average of $5.10 and a two-hundred day moving average of $6.62.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.53). Hudson Pacific Properties had a negative return on equity of 6.91% and a negative net margin of 23.48%. The firm had revenue of $214.02 million for the quarter, compared to analysts’ expectations of $220.61 million. On average, analysts forecast that Hudson Pacific Properties, Inc. will post 0.86 earnings per share for the current year.

Hudson Pacific Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Monday, June 17th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.05%. Hudson Pacific Properties’s dividend payout ratio (DPR) is presently -12.50%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on HPP shares. Wolfe Research upgraded Hudson Pacific Properties from a “peer perform” rating to an “outperform” rating and set a $8.40 target price on the stock in a research report on Monday, March 18th. Morgan Stanley reduced their price objective on Hudson Pacific Properties from $7.00 to $6.00 and set an “equal weight” rating for the company in a research note on Thursday, March 28th. The Goldman Sachs Group lowered their target price on shares of Hudson Pacific Properties from $9.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 7th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $7.00 target price on shares of Hudson Pacific Properties in a report on Thursday, June 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $8.49.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.