Teachers Insurance & Annuity Association of America decreased its holdings in Hudson Pacific Properties Inc (NYSE:HPP) by 87.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,316 shares of the real estate investment trust’s stock after selling 156,033 shares during the quarter. Teachers Insurance & Annuity Association of America’s holdings in Hudson Pacific Properties were worth $798,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Guggenheim Capital LLC grew its holdings in Hudson Pacific Properties by 72.8% in the 4th quarter. Guggenheim Capital LLC now owns 99,904 shares of the real estate investment trust’s stock valued at $3,422,000 after buying an additional 42,079 shares during the period. Quantitative Investment Management LLC purchased a new stake in Hudson Pacific Properties in the 4th quarter valued at about $3,887,000. Keeley Teton Advisors LLC grew its holdings in Hudson Pacific Properties by 151.3% in the 4th quarter. Keeley Teton Advisors LLC now owns 52,679 shares of the real estate investment trust’s stock valued at $1,804,000 after buying an additional 31,718 shares during the period. AMP Capital Investors Ltd grew its holdings in Hudson Pacific Properties by 21.3% in the 4th quarter. AMP Capital Investors Ltd now owns 118,766 shares of the real estate investment trust’s stock valued at $4,067,000 after buying an additional 20,815 shares during the period. Finally, BlueCrest Capital Management Ltd grew its holdings in Hudson Pacific Properties by 42.2% in the 4th quarter. BlueCrest Capital Management Ltd now owns 16,215 shares of the real estate investment trust’s stock valued at $555,000 after buying an additional 4,811 shares during the period.
Shares of Hudson Pacific Properties Inc (NYSE HPP) opened at $32.59 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.62. Hudson Pacific Properties Inc has a fifty-two week low of $28.25 and a fifty-two week high of $36.14. The stock has a market capitalization of $5,118.71, a PE ratio of 74.07, a PEG ratio of 2.77 and a beta of 0.68.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 19th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Friday, March 16th. Hudson Pacific Properties’s payout ratio is currently 227.28%.
Several analysts have commented on HPP shares. Wells Fargo & Co upgraded Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a report on Friday, February 23rd. Sandler O’Neill reiterated a “hold” rating and set a $33.00 target price on shares of Hudson Pacific Properties in a report on Friday, February 23rd. Zacks Investment Research cut Hudson Pacific Properties from a “hold” rating to a “sell” rating in a report on Wednesday, January 17th. Citigroup started coverage on Hudson Pacific Properties in a report on Tuesday, February 27th. They set a “buy” rating and a $37.00 target price for the company. Finally, Goldman Sachs Group cut Hudson Pacific Properties from a “buy” rating to a “neutral” rating in a report on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $36.88.
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Hudson Pacific Properties Company 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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