Hudson Pacific Properties, Inc. (NYSE:HPP – Get Free Report) COO Andy Wattula sold 9,356 shares of Hudson Pacific Properties stock in a transaction on Friday, September 20th. The shares were sold at an average price of $5.28, for a total transaction of $49,399.68. Following the completion of the sale, the chief operating officer now owns 61,068 shares in the company, valued at $322,439.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Hudson Pacific Properties Stock Performance
HPP traded down $0.11 on Tuesday, reaching $4.89. The company had a trading volume of 3,138,860 shares, compared to its average volume of 2,422,260. 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 stock has a market cap of $690.20 million, a P/E ratio of -3.05, a P/E/G ratio of 0.84 and a beta of 1.31. Hudson Pacific Properties, Inc. has a fifty-two week low of $4.26 and a fifty-two week high of $9.85. The company’s fifty day moving average is $5.19 and its 200 day moving average is $5.41.
Hudson Pacific Properties (NYSE:HPP – Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.50). Hudson Pacific Properties had a negative net margin of 25.42% and a negative return on equity of 7.41%. The business had revenue of $218.00 million during the quarter, compared to the consensus estimate of $216.08 million. During the same period in the prior year, the firm earned $0.24 EPS. The business’s revenue for the quarter was down 11.1% on a year-over-year basis. As a group, analysts predict that Hudson Pacific Properties, Inc. will post 0.62 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
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Institutional Trading of Hudson Pacific Properties
A number of institutional investors and hedge funds have recently made changes to their positions in HPP. Victory Capital Management Inc. increased its position in Hudson Pacific Properties by 19.3% during the 4th quarter. Victory Capital Management Inc. now owns 26,456 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 4,271 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Hudson Pacific Properties during the fourth quarter worth $209,000. Allianz Asset Management GmbH increased its position in shares of Hudson Pacific Properties by 114.3% during the fourth quarter. Allianz Asset Management GmbH now owns 2,107,500 shares of the real estate investment trust’s stock worth $19,621,000 after buying an additional 1,124,100 shares during the period. Scotia Capital Inc. increased its position in shares of Hudson Pacific Properties by 4.3% during the fourth quarter. Scotia Capital Inc. now owns 94,739 shares of the real estate investment trust’s stock worth $882,000 after buying an additional 3,903 shares during the period. Finally, Presima Securities ULC boosted its stake in Hudson Pacific Properties by 7.2% during the fourth quarter. Presima Securities ULC now owns 2,066,415 shares of the real estate investment trust’s stock worth $19,238,000 after acquiring an additional 139,619 shares in the last quarter. Institutional investors own 97.58% of the company’s stock.
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.
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