Swiss National Bank Has $5.28 Million Holdings in Hudson Pacific Properties, Inc. (NYSE:HPP)

Swiss National Bank lessened its holdings in shares of Hudson Pacific Properties, Inc. (NYSE:HPPGet Rating) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 356,050 shares of the real estate investment trust’s stock after selling 4,500 shares during the period. Swiss National Bank owned 0.25% of Hudson Pacific Properties worth $5,284,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Group One Trading L.P. acquired a new position in Hudson Pacific Properties in the first quarter valued at $149,000. Utah Retirement Systems acquired a new position in Hudson Pacific Properties in the first quarter valued at $216,000. Atria Wealth Solutions Inc. acquired a new position in Hudson Pacific Properties in the first quarter valued at $231,000. Virtu Financial LLC acquired a new position in Hudson Pacific Properties in the first quarter valued at $245,000. Finally, Park Avenue Securities LLC lifted its holdings in Hudson Pacific Properties by 9.9% in the second quarter. Park Avenue Securities LLC now owns 17,907 shares of the real estate investment trust’s stock valued at $266,000 after buying an additional 1,611 shares during the period. Institutional investors and hedge funds own 97.54% of the company’s stock.

Insider Buying and Selling

In other news, President Mark T. Lammas purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 30th. The shares were acquired at an average cost of $11.11 per share, for a total transaction of $55,550.00. Following the completion of the acquisition, the president now owns 189,865 shares in the company, valued at $2,109,400.15. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, President Mark T. Lammas purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 30th. The shares were acquired at an average cost of $11.11 per share, for a total transaction of $55,550.00. Following the completion of the acquisition, the president now owns 189,865 shares in the company, valued at $2,109,400.15. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark David Linehan purchased 7,500 shares of the business’s stock in a transaction that occurred on Friday, September 23rd. The shares were purchased at an average price of $11.67 per share, for a total transaction of $87,525.00. Following the completion of the acquisition, the director now owns 60,687 shares of the company’s stock, valued at approximately $708,217.29. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 38,930 shares of company stock worth $461,550. 3.02% of the stock is owned by insiders.

Analyst Ratings Changes

HPP has been the topic of several recent analyst reports. Piper Sandler dropped their target price on shares of Hudson Pacific Properties from $17.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, October 7th. Mizuho dropped their target price on shares of Hudson Pacific Properties from $14.00 to $12.00 and set an “underperform” rating on the stock in a report on Wednesday, October 19th. Citigroup downgraded shares of Hudson Pacific Properties from a “buy” rating to a “neutral” rating and decreased their price target for the company from $16.50 to $13.00 in a research note on Monday, September 19th. StockNews.com raised shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research note on Monday. Finally, BTIG Research downgraded shares of Hudson Pacific Properties from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 19th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $16.55.

Hudson Pacific Properties Stock Performance

NYSE:HPP opened at $10.96 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a 50-day moving average of $10.99 and a 200-day moving average of $14.30. The company has a market cap of $1.54 billion, a PE ratio of -43.84, a PEG ratio of 3.09 and a beta of 0.98. Hudson Pacific Properties, Inc. has a one year low of $9.83 and a one year high of $28.66.

Hudson Pacific Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Monday, September 19th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 9.12%. The ex-dividend date was Friday, September 16th. Hudson Pacific Properties’s dividend payout ratio (DPR) is presently -400.00%.

Hudson Pacific Properties Profile

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Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling nearly 19 million square feet, including land for development. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more.

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

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