California Public Employees Retirement System boosted its stake in Hudson Pacific Properties, Inc. (NYSE:HPP) by 6.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 160,300 shares of the real estate investment trust’s stock after buying an additional 9,100 shares during the period. California Public Employees Retirement System owned approximately 0.12% of Hudson Pacific Properties worth $5,553,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TIAA CREF Investment Management LLC increased its position in shares of Hudson Pacific Properties by 2.3% in the first quarter. TIAA CREF Investment Management LLC now owns 543,585 shares of the real estate investment trust’s stock valued at $18,830,000 after buying an additional 12,339 shares in the last quarter. Advantus Capital Management Inc acquired a new position in shares of Hudson Pacific Properties during the first quarter worth approximately $10,524,000. FMR LLC increased its position in shares of Hudson Pacific Properties by 18.4% in the first quarter. FMR LLC now owns 12,413,747 shares of the real estate investment trust’s stock worth $430,013,000 after buying an additional 1,931,747 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Hudson Pacific Properties by 234.6% in the first quarter. Wellington Management Group LLP now owns 1,072,017 shares of the real estate investment trust’s stock worth $37,134,000 after buying an additional 751,603 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Hudson Pacific Properties by 25,550.9% in the first quarter. Principal Financial Group Inc. now owns 4,708,482 shares of the real estate investment trust’s stock worth $163,102,000 after buying an additional 4,690,126 shares during the last quarter.

Shares of Hudson Pacific Properties, Inc. (HPP) traded up 0.76% during trading on Thursday, hitting $32.95. 2,827,615 shares of the stock traded hands. Hudson Pacific Properties, Inc. has a 52-week low of $31.53 and a 52-week high of $36.75. The firm has a market cap of $5.14 billion, a PE ratio of 89.05 and a beta of 0.75. The company’s 50 day moving average is $33.47 and its 200 day moving average is $34.37.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.01. Hudson Pacific Properties had a net margin of 8.20% and a return on equity of 1.40%. The business had revenue of $166.85 million for the quarter, compared to analysts’ expectations of $175.79 million. During the same period last year, the company earned $0.43 earnings per share. The company’s quarterly revenue was up 15.5% on a year-over-year basis. On average, equities research analysts predict that Hudson Pacific Properties, Inc. will post $0.32 EPS for the current year.

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A number of equities analysts have recently commented on the stock. BidaskClub raised shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Barclays PLC raised their target price on shares of Hudson Pacific Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, April 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. Hudson Pacific Properties presently has an average rating of “Buy” and an average target price of $38.44.

In other Hudson Pacific Properties news, insider Harout Krikor Diramerian sold 20,000 shares of Hudson Pacific Properties stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $34.01, for a total transaction of $680,200.00. Following the transaction, the insider now directly owns 52,876 shares of the company’s stock, valued at $1,798,312.76. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Alex Vouvalides sold 6,500 shares of Hudson Pacific Properties stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $35.16, for a total transaction of $228,540.00. Following the transaction, the insider now directly owns 177,170 shares in the company, valued at $6,229,297.20. The disclosure for this sale can be found here. Insiders sold 169,549 shares of company stock worth $5,981,459 over the last three months. Corporate insiders own 13.35% of the company’s stock.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties, Inc is a real estate investment trust (REIT). The Company operates in two segments: office properties, and media and entertainment properties. The Company is focused on acquiring, repositioning, developing and operating office and media and entertainment properties in submarkets throughout Northern and Southern California and the Pacific Northwest.

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

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