Dimensional Fund Advisors LP Lowers Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

Dimensional Fund Advisors LP reduced its stake in Hudson Pacific Properties, Inc. (NYSE:HPP) by 1.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,869,148 shares of the real estate investment trust’s stock after selling 19,950 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.32% of Hudson Pacific Properties worth $8,991,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System grew its stake in Hudson Pacific Properties by 225.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 168,807 shares of the real estate investment trust’s stock valued at $1,123,000 after purchasing an additional 116,945 shares during the period. GRS Advisors LLC bought a new position in Hudson Pacific Properties in the 4th quarter valued at $18,489,000. GSA Capital Partners LLP grew its stake in Hudson Pacific Properties by 167.2% in the 1st quarter. GSA Capital Partners LLP now owns 302,179 shares of the real estate investment trust’s stock valued at $1,949,000 after purchasing an additional 189,104 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Hudson Pacific Properties by 405.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 309,272 shares of the real estate investment trust’s stock valued at $1,995,000 after purchasing an additional 248,117 shares during the period. Finally, Jennison Associates LLC grew its stake in Hudson Pacific Properties by 17.0% in the 1st quarter. Jennison Associates LLC now owns 141,425 shares of the real estate investment trust’s stock valued at $912,000 after purchasing an additional 20,589 shares during the period. Institutional investors own 97.58% of the company’s stock.

Insider Transactions at Hudson Pacific Properties

In other news, Director Jonathan M. Glaser sold 9,287 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $5.20, for a total value of $48,292.40. Following the completion of the transaction, the director now owns 3,713 shares of the company’s stock, valued at $19,307.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Hudson Pacific Properties news, COO Andy Wattula sold 9,356 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $5.28, for a total transaction of $49,399.68. Following the sale, the chief operating officer now directly owns 61,068 shares in the company, valued at $322,439.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jonathan M. Glaser sold 9,287 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $5.20, for a total value of $48,292.40. Following the sale, the director now owns 3,713 shares in the company, valued at approximately $19,307.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.95% of the company’s stock.

Hudson Pacific Properties Stock Performance

NYSE:HPP opened at $4.58 on Tuesday. The stock has a 50-day simple moving average of $5.04 and a two-hundred day simple moving average of $5.28. Hudson Pacific Properties, Inc. has a 52-week low of $4.26 and a 52-week high of $9.85. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market capitalization of $646.44 million, a PE ratio of -2.86, a P/E/G ratio of 0.88 and a beta of 1.31.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.50). The company had revenue of $218.00 million for the quarter, compared to the consensus estimate of $216.08 million. Hudson Pacific Properties had a negative net margin of 25.42% and a negative return on equity of 7.41%. The business’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 EPS. Analysts forecast that Hudson Pacific Properties, Inc. will post 0.62 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HPP. The Goldman Sachs Group cut their price target on Hudson Pacific Properties from $6.50 to $4.70 and set a “neutral” rating for the company in a research note on Wednesday, August 14th. Bank of America cut their price target on Hudson Pacific Properties from $4.50 to $4.00 and set an “underperform” rating for the company in a research note on Thursday, August 22nd. Wolfe Research downgraded Hudson Pacific Properties from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. BMO Capital Markets downgraded Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $8.00 to $6.00 in a research note on Thursday, August 8th. Finally, Wells Fargo & Company cut their price target on Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating for the company in a research note on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.95.

About Hudson Pacific Properties

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.