Hudson Pacific Properties Inc (HPP) Holdings Raised by Securian Asset Management Inc

Securian Asset Management Inc grew its holdings in Hudson Pacific Properties Inc (NYSE:HPP) by 24.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,800 shares of the real estate investment trust’s stock after acquiring an additional 3,100 shares during the quarter. Securian Asset Management Inc’s holdings in Hudson Pacific Properties were worth $517,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Strs Ohio increased its holdings in shares of Hudson Pacific Properties by 0.5% in the second quarter. Strs Ohio now owns 354,208 shares of the real estate investment trust’s stock worth $12,549,000 after acquiring an additional 1,598 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Hudson Pacific Properties by 17.0% in the second quarter. Envestnet Asset Management Inc. now owns 19,628 shares of the real estate investment trust’s stock worth $695,000 after acquiring an additional 2,853 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Hudson Pacific Properties in the second quarter worth about $113,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of Hudson Pacific Properties by 3.4% in the second quarter. Nomura Asset Management Co. Ltd. now owns 101,133 shares of the real estate investment trust’s stock worth $3,584,000 after acquiring an additional 3,362 shares in the last quarter. Finally, Swiss National Bank grew its holdings in shares of Hudson Pacific Properties by 1.3% during the second quarter. Swiss National Bank now owns 274,150 shares of the real estate investment trust’s stock worth $9,713,000 after buying an additional 3,600 shares in the last quarter.

NYSE:HPP opened at $30.24 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.60. The stock has a market cap of $4.78 billion, a P/E ratio of 15.20, a PEG ratio of 3.00 and a beta of 0.63. Hudson Pacific Properties Inc has a 52-week low of $28.25 and a 52-week high of $36.06.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.37). The firm had revenue of $175.17 million for the quarter, compared to the consensus estimate of $173.98 million. Hudson Pacific Properties had a return on equity of 2.76% and a net margin of 15.29%. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 earnings per share. On average, research analysts predict that Hudson Pacific Properties Inc will post 1.87 earnings per share for the current year.

A number of research analysts recently issued reports on HPP shares. Robert W. Baird downgraded Hudson Pacific Properties from an “outperform” rating to a “neutral” rating and set a $37.00 price objective for the company. in a report on Tuesday, August 21st. TheStreet downgraded Hudson Pacific Properties from a “b” rating to a “c+” rating in a report on Wednesday, August 8th. Mizuho reiterated a “hold” rating and set a $34.00 price objective on shares of Hudson Pacific Properties in a report on Monday, August 6th. Zacks Investment Research downgraded Hudson Pacific Properties from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, Scotiabank started coverage on Hudson Pacific Properties in a report on Tuesday, October 16th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $38.00.

In related news, Director Jonathan M. Glaser purchased 6,000 shares of the firm’s stock in a transaction on Wednesday, September 5th. The stock was purchased at an average cost of $32.97 per share, for a total transaction of $197,820.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher James Barton sold 20,166 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $33.02, for a total value of $665,881.32. The disclosure for this sale can be found here. 1.93% of the stock is owned by company insiders.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties is a vertically integrated real estate Company focused on acquiring, repositioning, developing and operating high-quality office and state-of-the-art studio properties in select West Coast markets. Hudson Pacific invests across the risk-return spectrum, favoring opportunities where it can employ leasing, capital investment and management expertise to create value.

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

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