Prudential Financial Inc. reduced its position in Hudson Pacific Properties Inc. (NYSE:HPP) by 2.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,536,457 shares of the real estate investment trust’s stock after selling 71,779 shares during the period. Prudential Financial Inc. owned approximately 2.67% of Hudson Pacific Properties worth $83,373,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in Hudson Pacific Properties by 1.8% in the first quarter. Geode Capital Management LLC now owns 459,007 shares of the real estate investment trust’s stock worth $13,274,000 after buying an additional 8,327 shares during the period. Legal & General Group Plc raised its position in Hudson Pacific Properties by 0.9% in the first quarter. Legal & General Group Plc now owns 143,737 shares of the real estate investment trust’s stock worth $4,157,000 after buying an additional 1,310 shares during the period. A.R.T. Advisors LLC acquired a new position in Hudson Pacific Properties during the first quarter worth $916,000. BNP Paribas Arbitrage SA raised its position in Hudson Pacific Properties by 79,008.9% in the second quarter. BNP Paribas Arbitrage SA now owns 44,301 shares of the real estate investment trust’s stock worth $1,293,000 after buying an additional 44,245 shares during the period. Finally, Howard Capital Management raised its position in Hudson Pacific Properties by 66.2% in the second quarter. Howard Capital Management now owns 268,927 shares of the real estate investment trust’s stock worth $7,847,000 after buying an additional 107,152 shares during the period.

Institutional Ownership by Quarter for Hudson Pacific Properties (NYSE:HPP)

Shares of Hudson Pacific Properties Inc. (NYSE:HPP) opened at 34.94 on Wednesday. The stock has a 50 day moving average price of $32.96 and a 200 day moving average price of $31.62. The stock’s market capitalization is $4.02 billion. Hudson Pacific Properties Inc. has a one year low of $22.77 and a one year high of $35.59.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Thursday, November 3rd. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.02. Hudson Pacific Properties had a return on equity of 0.25% and a net margin of 1.51%. The firm earned $164.60 million during the quarter, compared to analyst estimates of $17.50 million. Equities analysts forecast that Hudson Pacific Properties Inc. will post $1.77 earnings per share for the current year.

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A number of brokerages recently commented on HPP. BTIG Research began coverage on Hudson Pacific Properties in a research note on Thursday, August 25th. They set a “buy” rating and a $38.00 price target for the company. DA Davidson increased their price target on Hudson Pacific Properties from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Zacks Investment Research lowered Hudson Pacific Properties from a “buy” rating to a “hold” rating in a research note on Thursday, October 6th. Bank of America Corp. reissued a “positive” rating on shares of Hudson Pacific Properties in a research note on Thursday, September 22nd. Finally, Mizuho increased their price target on Hudson Pacific Properties from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $36.00.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties, Inc is a full-service, vertically integrated real estate investment trust (REIT). The Company is focused on owning, operating and acquiring office, and media and entertainment properties in select growth markets primarily in Northern and Southern California, and the Pacific Northwest.

5 Day Chart for NYSE:HPP

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