New York State Common Retirement Fund decreased its stake in shares of Hudson Pacific Properties Inc (NYSE:HPP) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 508,427 shares of the real estate investment trust’s stock after selling 30,958 shares during the period. New York State Common Retirement Fund owned 0.33% of Hudson Pacific Properties worth $17,048,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in Hudson Pacific Properties by 13.6% during the 3rd quarter. Principal Financial Group Inc. now owns 6,125,974 shares of the real estate investment trust’s stock worth $205,403,000 after purchasing an additional 734,232 shares during the last quarter. Cbre Clarion Securities LLC raised its holdings in Hudson Pacific Properties by 14.1% during the 2nd quarter. Cbre Clarion Securities LLC now owns 5,416,970 shares of the real estate investment trust’s stock worth $185,206,000 after purchasing an additional 668,985 shares during the last quarter. Brookfield Asset Management Inc. raised its holdings in Hudson Pacific Properties by 11.3% during the 2nd quarter. Brookfield Asset Management Inc. now owns 4,669,148 shares of the real estate investment trust’s stock worth $159,638,000 after purchasing an additional 473,154 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Hudson Pacific Properties by 16.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 4,334,280 shares of the real estate investment trust’s stock worth $148,189,000 after purchasing an additional 604,944 shares during the last quarter. Finally, Standard Life Investments LTD raised its holdings in Hudson Pacific Properties by 2.9% during the 2nd quarter. Standard Life Investments LTD now owns 2,570,743 shares of the real estate investment trust’s stock worth $87,830,000 after purchasing an additional 71,432 shares during the last quarter. Institutional investors and hedge funds own 99.66% of the company’s stock.

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

Shares of Hudson Pacific Properties Inc (HPP) opened at $34.33 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $5,357.57, a PE ratio of 17.88, a PEG ratio of 2.89 and a beta of 0.78. Hudson Pacific Properties Inc has a 52 week low of $31.52 and a 52 week high of $36.75.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.50 EPS for the quarter, meeting analysts’ consensus estimates of $0.50. The company had revenue of $190.02 million during the quarter, compared to analysts’ expectations of $183.37 million. Hudson Pacific Properties had a return on equity of 1.58% and a net margin of 8.98%. Hudson Pacific Properties’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 EPS. sell-side analysts predict that Hudson Pacific Properties Inc will post 1.96 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Monday, December 18th will be paid a $0.25 dividend. The ex-dividend date is Friday, December 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.91%. Hudson Pacific Properties’s dividend payout ratio (DPR) is presently 243.90%.

HPP has been the subject of several recent research reports. KeyCorp reissued a “buy” rating on shares of Hudson Pacific Properties in a report on Tuesday, September 26th. Goldman Sachs Group initiated coverage on Hudson Pacific Properties in a report on Tuesday, September 19th. They set a “buy” rating and a $39.00 price objective for the company. Zacks Investment Research raised Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. Finally, Morgan Stanley lowered their price target on Hudson Pacific Properties from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, September 1st. One investment 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. The stock currently has an average rating of “Hold” and an average price target of $38.33.

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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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