Amalgamated Bank increased its position in shares of Hudson Pacific Properties Inc (NYSE:HPP) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,450 shares of the real estate investment trust’s stock after purchasing an additional 1,273 shares during the quarter. Amalgamated Bank’s holdings in Hudson Pacific Properties were worth $856,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State of Alaska Department of Revenue raised its stake in shares of Hudson Pacific Properties by 1.9% during the 4th quarter. State of Alaska Department of Revenue now owns 67,280 shares of the real estate investment trust’s stock worth $1,954,000 after buying an additional 1,227 shares during the last quarter. Strs Ohio raised its position in Hudson Pacific Properties by 9.8% during the fourth quarter. Strs Ohio now owns 382,931 shares of the real estate investment trust’s stock worth $11,127,000 after acquiring an additional 34,291 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Hudson Pacific Properties by 30.0% in the third quarter. GSA Capital Partners LLP now owns 19,402 shares of the real estate investment trust’s stock valued at $635,000 after purchasing an additional 4,473 shares in the last quarter. Westpac Banking Corp lifted its holdings in shares of Hudson Pacific Properties by 41.3% in the fourth quarter. Westpac Banking Corp now owns 493,263 shares of the real estate investment trust’s stock valued at $14,334,000 after purchasing an additional 144,192 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of Hudson Pacific Properties in the fourth quarter valued at about $3,383,000.
A number of brokerages have recently weighed in on HPP. Sandler O’Neill raised shares of Hudson Pacific Properties from a “hold” rating to a “buy” rating in a research note on Friday, February 15th. Robert W. Baird upgraded Hudson Pacific Properties from a “neutral” rating to an “outperform” rating in a research report on Tuesday, January 8th. Goldman Sachs Group raised Hudson Pacific Properties from a “neutral” rating to a “buy” rating and upped their target price for the company from $37.00 to $40.00 in a research note on Monday, March 11th. TheStreet upgraded Hudson Pacific Properties from a “c+” rating to a “b” rating in a report on Thursday, February 14th. Finally, Zacks Investment Research downgraded Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Hudson Pacific Properties presently has a consensus rating of “Buy” and a consensus price target of $38.29.
NYSE:HPP opened at $34.85 on Friday. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 2.92 and a beta of 0.73. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.28 and a current ratio of 1.28. Hudson Pacific Properties Inc has a 12-month low of $27.12 and a 12-month high of $36.06.
Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings results on Thursday, February 14th. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.39). The firm had revenue of $198.43 million for the quarter, compared to analysts’ expectations of $183.38 million. Hudson Pacific Properties had a return on equity of 2.51% and a net margin of 13.47%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 earnings per share. Analysts forecast that Hudson Pacific Properties Inc will post 2 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 18th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Friday, March 15th. Hudson Pacific Properties’s payout ratio is 53.76%.
Hudson Pacific Properties Profile
Hudson Pacific Properties is a visionary real estate investment trust that owns and operates more than 17 million square feet of marquee office and studio properties. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more.
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