PNC Financial Services Group Inc. boosted its stake in Hudson Pacific Properties, Inc. (NYSE:HPP) by 126.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,740 shares of the real estate investment trust’s stock after buying an additional 2,091 shares during the period. PNC Financial Services Group Inc.’s holdings in Hudson Pacific Properties were worth $130,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in shares of Hudson Pacific Properties by 8.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,019 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 239 shares during the last quarter. Profund Advisors LLC boosted its position in shares of Hudson Pacific Properties by 10.7% in the first quarter. Profund Advisors LLC now owns 8,933 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 863 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Hudson Pacific Properties by 13.2% in the first quarter. Ameritas Investment Partners Inc. now owns 10,281 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 1,200 shares during the last quarter. New Mexico Educational Retirement Board boosted its position in shares of Hudson Pacific Properties by 12.5% in the first quarter. New Mexico Educational Retirement Board now owns 21,533 shares of the real estate investment trust’s stock worth $746,000 after buying an additional 2,400 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its position in shares of Hudson Pacific Properties by 4.1% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 71,379 shares of the real estate investment trust’s stock worth $2,472,000 after buying an additional 2,810 shares during the last quarter.

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP) traded down 0.94% during mid-day trading on Friday, hitting $32.63. The stock had a trading volume of 946,926 shares. Hudson Pacific Properties, Inc. has a 1-year low of $31.53 and a 1-year high of $36.75. The stock’s 50-day moving average price is $32.56 and its 200 day moving average price is $34.10. The company has a market capitalization of $5.07 billion, a P/E ratio of 92.70 and a beta of 0.75.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. Hudson Pacific Properties had a return on equity of 1.37% and a net margin of 7.87%. The business had revenue of $166.85 million during the quarter, compared to analysts’ expectations of $175.79 million. During the same quarter last year, the firm posted $0.43 earnings per share. The firm’s revenue was up 15.5% on a year-over-year basis. On average, analysts predict that Hudson Pacific Properties, Inc. will post $0.34 EPS for the current fiscal year.

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A number of research analysts have issued reports on the company. BidaskClub raised Hudson Pacific Properties from a “strong sell” rating to a “sell” rating in a report on Thursday. Barclays PLC lifted their price objective on Hudson Pacific Properties from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Tuesday. 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 company’s stock. Hudson Pacific Properties currently has an average rating of “Buy” and a consensus price target of $38.56.

In other Hudson Pacific Properties news, Director Jonathan M. Glaser bought 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $31.78 per share, with a total value of $476,700.00. Following the completion of the purchase, the director now directly owns 132,405 shares of the company’s stock, valued at approximately $4,207,830.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan M. Glaser bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average cost of $31.98 per share, with a total value of $159,900.00. Following the purchase, the director now directly owns 132,405 shares of the company’s stock, valued at $4,234,311.90. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 25,000 shares of company stock valued at $797,600 and have sold 169,549 shares valued at $5,981,459. Company insiders own 13.35% of the company’s stock.

About Hudson Pacific Properties

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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