Hudson Pacific Properties, Inc. (NYSE:HPP) Shares Sold by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its holdings in Hudson Pacific Properties, Inc. (NYSE:HPPGet Rating) by 13.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,684 shares of the real estate investment trust’s stock after selling 9,125 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Hudson Pacific Properties were worth $664,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of HPP. State of New Jersey Common Pension Fund D raised its holdings in shares of Hudson Pacific Properties by 14.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 486,172 shares of the real estate investment trust’s stock worth $5,324,000 after purchasing an additional 60,497 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of Hudson Pacific Properties by 7.7% during the 3rd quarter. New York State Teachers Retirement System now owns 106,962 shares of the real estate investment trust’s stock valued at $1,171,000 after acquiring an additional 7,633 shares during the last quarter. Comerica Bank boosted its stake in shares of Hudson Pacific Properties by 45.2% during the 3rd quarter. Comerica Bank now owns 105,947 shares of the real estate investment trust’s stock worth $1,101,000 after acquiring an additional 32,961 shares in the last quarter. Gitterman Wealth Management LLC acquired a new position in shares of Hudson Pacific Properties in the 3rd quarter worth $223,000. Finally, CWM LLC raised its position in shares of Hudson Pacific Properties by 196.8% during the third quarter. CWM LLC now owns 3,520 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 2,334 shares during the period. 95.57% of the stock is owned by institutional investors and hedge funds.

Hudson Pacific Properties Trading Up 0.7 %

NYSE:HPP opened at $10.23 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $1.44 billion, a P/E ratio of -40.92, a P/E/G ratio of 2.89 and a beta of 1.00. The stock’s 50 day moving average price is $10.32 and its 200 day moving average price is $11.96. Hudson Pacific Properties, Inc. has a 52 week low of $9.10 and a 52 week high of $28.66.

Hudson Pacific Properties (NYSE:HPPGet Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The real estate investment trust reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.51 by ($0.63). Hudson Pacific Properties had a negative return on equity of 0.79% and a negative net margin of 2.79%. The business had revenue of $260.35 million for the quarter, compared to analyst estimates of $252.59 million. On average, research analysts forecast that Hudson Pacific Properties, Inc. will post 2.03 EPS for the current fiscal year.

Hudson Pacific Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 29th. Investors of record on Monday, December 19th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, December 16th. This represents a $1.00 annualized dividend and a yield of 9.78%. Hudson Pacific Properties’s dividend payout ratio (DPR) is currently -400.00%.

Analyst Ratings Changes

Several analysts have issued reports on HPP shares. Morgan Stanley cut their price objective on Hudson Pacific Properties from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 23rd. BTIG Research lowered shares of Hudson Pacific Properties from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 19th. Mizuho cut their target price on shares of Hudson Pacific Properties from $12.00 to $10.00 and set an “underperform” rating on the stock in a research note on Wednesday, January 4th. Credit Suisse Group raised Hudson Pacific Properties from an “underperform” rating to a “neutral” rating and decreased their target price for the stock from $16.00 to $12.00 in a research report on Thursday, October 20th. Finally, Wells Fargo & Company lowered their price target on Hudson Pacific Properties to $10.00 in a report on Wednesday, December 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.64.

About Hudson Pacific Properties

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Hudson Pacific Properties, Inc is a real estate company. It owns, operates, develops and acquires office, media, and entertainment properties. The company operates through two segments: Office Properties and Studio Properties. The Office Properties segment manages office properties located in California and Pacific Northwest.

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

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