Keeley Teton Advisors LLC acquired a new stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,961 shares of the real estate investment trust’s stock, valued at approximately $703,000.

A number of other hedge funds have also modified their holdings of HPP. Bank of Montreal Can increased its holdings in Hudson Pacific Properties by 31.2% during the second quarter. Bank of Montreal Can now owns 67,954 shares of the real estate investment trust’s stock valued at $2,323,000 after buying an additional 16,154 shares during the period. Public Employees Retirement Association of Colorado purchased a new position in Hudson Pacific Properties during the second quarter valued at approximately $168,000. Teacher Retirement System of Texas increased its holdings in Hudson Pacific Properties by 1.3% during the second quarter. Teacher Retirement System of Texas now owns 12,333 shares of the real estate investment trust’s stock valued at $422,000 after buying an additional 162 shares during the period. Advisors Asset Management Inc. increased its holdings in Hudson Pacific Properties by 33.2% during the second quarter. Advisors Asset Management Inc. now owns 8,980 shares of the real estate investment trust’s stock valued at $307,000 after buying an additional 2,238 shares during the period. Finally, Dupont Capital Management Corp grew its holdings in Hudson Pacific Properties by 77.4% in the second quarter. Dupont Capital Management Corp now owns 57,226 shares of the real estate investment trust’s stock worth $1,957,000 after purchasing an additional 24,969 shares during the last quarter. 99.66% of the stock is currently owned by institutional investors.

HPP has been the topic of several analyst reports. KeyCorp reaffirmed a “buy” rating and issued a $39.00 price target on shares of Hudson Pacific Properties in a report on Friday, August 25th. Goldman Sachs Group initiated coverage on shares of Hudson Pacific Properties in a report on Tuesday, September 19th. They issued a “buy” rating and a $39.00 price target on the stock. Zacks Investment Research raised shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Barclays lifted their price target on shares of Hudson Pacific Properties from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday, August 15th. Finally, Morgan Stanley cut their price target on shares of Hudson Pacific Properties from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $38.33.

Shares of Hudson Pacific Properties, Inc. (HPP) opened at $34.74 on Friday. The firm has a market cap of $5,418.43, a price-to-earnings ratio of 18.08, a PEG ratio of 3.02 and a beta of 0.78. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.61. Hudson Pacific Properties, Inc. has a 1-year low of $31.52 and a 1-year high of $36.75.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. The firm had revenue of $190.02 million for the quarter, compared to analyst estimates of $183.37 million. Hudson Pacific Properties had a net margin of 8.98% and a return on equity of 1.58%. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 earnings per share. analysts predict that Hudson Pacific Properties, Inc. will post 1.95 EPS for the current fiscal year.

In other news, EVP Sanford Dale Shimoda sold 2,800 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $35.68, for a total transaction of $99,904.00. Following the sale, the executive vice president now directly owns 83,072 shares of the company’s stock, valued at $2,964,008.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard B. Fried sold 17,417 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $34.66, for a total transaction of $603,673.22. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

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Hudson Pacific Properties 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.

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

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