Allianz Asset Management GmbH bought a new stake in Hudson Pacific Properties Inc (NYSE:HPP) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 152,000 shares of the real estate investment trust’s stock, valued at approximately $5,097,000. Allianz Asset Management GmbH owned 0.10% of Hudson Pacific Properties as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Principal Financial Group Inc. grew its stake in Hudson Pacific Properties by 13.6% in the 3rd quarter. Principal Financial Group Inc. now owns 6,125,974 shares of the real estate investment trust’s stock valued at $205,403,000 after buying an additional 734,232 shares during the last quarter. Cbre Clarion Securities LLC grew its stake in Hudson Pacific Properties by 14.1% in the 2nd quarter. Cbre Clarion Securities LLC now owns 5,416,970 shares of the real estate investment trust’s stock valued at $185,206,000 after buying an additional 668,985 shares during the last quarter. Brookfield Asset Management Inc. grew its stake in Hudson Pacific Properties by 11.3% in the 2nd quarter. Brookfield Asset Management Inc. now owns 4,669,148 shares of the real estate investment trust’s stock valued at $159,638,000 after buying an additional 473,154 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Hudson Pacific Properties by 16.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 4,334,280 shares of the real estate investment trust’s stock valued at $148,189,000 after buying an additional 604,944 shares during the last quarter. Finally, Citadel Advisors LLC grew its stake in Hudson Pacific Properties by 468.9% in the 3rd quarter. Citadel Advisors LLC now owns 2,576,552 shares of the real estate investment trust’s stock valued at $86,392,000 after buying an additional 2,123,642 shares during the last quarter. Institutional investors and hedge funds own 99.47% of the company’s stock.

In other Hudson Pacific Properties news, insider Richard B. Fried sold 17,417 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $34.66, for a total transaction of $603,673.22. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Sanford Dale Shimoda sold 2,800 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $35.68, for a total transaction of $99,904.00. Following the transaction, the executive vice president now owns 83,072 shares in the company, valued at approximately $2,964,008.96. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

A number of research analysts recently commented on the stock. Goldman Sachs Group lowered shares of Hudson Pacific Properties from a “buy” rating to a “neutral” rating in a research note on Monday, November 20th. Zacks Investment Research upgraded shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. KeyCorp reiterated a “buy” rating on shares of Hudson Pacific Properties in a research note on Tuesday, September 26th. Finally, Morgan Stanley decreased 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 research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Hudson Pacific Properties currently has an average rating of “Hold” and a consensus target price of $38.33.

Hudson Pacific Properties Inc (HPP) opened at $33.43 on Thursday. Hudson Pacific Properties Inc has a 52-week low of $31.52 and a 52-week high of $36.75. The stock has a market cap of $5,315.43, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 2.87 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 (NYSE:HPP) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.50. Hudson Pacific Properties had a net margin of 8.98% and a return on equity of 1.58%. The firm had revenue of $190.02 million for the quarter, compared to analyst estimates of $183.37 million. During the same quarter in the prior year, the business posted $0.46 EPS. The business’s revenue was up 15.5% compared to the same quarter last year. sell-side analysts expect that Hudson Pacific Properties Inc will post 1.96 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Monday, December 18th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, December 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.99%. Hudson Pacific Properties’s payout ratio is presently 243.90%.

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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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