10,318 Shares in Hudson Pacific Properties Inc (HPP) Acquired by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB acquired a new stake in shares of Hudson Pacific Properties Inc (NYSE:HPP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,318 shares of the real estate investment trust’s stock, valued at approximately $353,000.

Other large investors have also recently modified their holdings of the company. American International Group Inc. purchased a new position in Hudson Pacific Properties during the fourth quarter valued at approximately $113,000. MANA Advisors LLC purchased a new position in Hudson Pacific Properties during the fourth quarter valued at approximately $280,000. Creative Planning purchased a new position in Hudson Pacific Properties during the fourth quarter valued at approximately $317,000. Aperio Group LLC grew its stake in Hudson Pacific Properties by 20.1% during the fourth quarter. Aperio Group LLC now owns 12,277 shares of the real estate investment trust’s stock valued at $420,000 after acquiring an additional 2,053 shares in the last quarter. Finally, Exane Derivatives purchased a new position in Hudson Pacific Properties during the fourth quarter valued at approximately $425,000.

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HPP stock opened at $31.59 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.32 and a quick ratio of 1.32. Hudson Pacific Properties Inc has a one year low of $28.25 and a one year high of $36.14. The company has a market capitalization of $4,949.49, a price-to-earnings ratio of 15.95, a P/E/G ratio of 2.68 and a beta of 0.67.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. Hudson Pacific Properties had a net margin of 10.14% and a return on equity of 1.81%. The business had revenue of $189.33 million during the quarter, compared to analysts’ expectations of $189.63 million. During the same quarter in the previous year, the company earned $0.46 EPS. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. equities research analysts forecast that Hudson Pacific Properties Inc will post 1.91 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Monday, March 19th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 16th. This represents a $1.00 dividend on an annualized basis and a yield of 3.17%. Hudson Pacific Properties’s dividend payout ratio is presently 50.25%.

Several equities analysts recently commented on HPP shares. Citigroup started coverage on shares of Hudson Pacific Properties in a research note on Tuesday, February 27th. They set a “buy” rating and a $37.00 price objective for the company. Mizuho reaffirmed a “hold” rating and set a $32.00 price objective on shares of Hudson Pacific Properties in a research note on Thursday, January 25th. Sandler O’Neill reaffirmed a “hold” rating and set a $33.00 price objective on shares of Hudson Pacific Properties in a research note on Friday, February 23rd. Zacks Investment Research raised shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. Finally, Wells Fargo raised shares of Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $36.88.

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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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