Hudson Pacific Properties, Inc. (NYSE:HPP) Position Increased by Comerica Bank

Comerica Bank increased its position in shares of Hudson Pacific Properties, Inc. (NYSE:HPPGet Rating) by 45.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,947 shares of the real estate investment trust’s stock after acquiring an additional 32,961 shares during the quarter. Comerica Bank’s holdings in Hudson Pacific Properties were worth $1,101,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Nordea Investment Management AB raised its stake in Hudson Pacific Properties by 11.5% during the 2nd quarter. Nordea Investment Management AB now owns 382,284 shares of the real estate investment trust’s stock valued at $5,612,000 after purchasing an additional 39,521 shares during the period. State of New Jersey Common Pension Fund D raised its position in Hudson Pacific Properties by 2.4% during the second quarter. State of New Jersey Common Pension Fund D now owns 425,675 shares of the real estate investment trust’s stock valued at $6,317,000 after buying an additional 9,915 shares during the period. Rothschild Investment Corp IL purchased a new stake in Hudson Pacific Properties in the 3rd quarter worth about $842,000. Grantham Mayo Van Otterloo & Co. LLC boosted its position in Hudson Pacific Properties by 35.9% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 304,425 shares of the real estate investment trust’s stock worth $4,518,000 after acquiring an additional 80,349 shares during the period. Finally, Fox Run Management L.L.C. grew its stake in Hudson Pacific Properties by 306.8% during the 2nd quarter. Fox Run Management L.L.C. now owns 50,671 shares of the real estate investment trust’s stock valued at $752,000 after acquiring an additional 38,216 shares in the last quarter. Hedge funds and other institutional investors own 95.57% of the company’s stock.

Hudson Pacific Properties Stock Performance

HPP opened at $10.11 on Wednesday. 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 cap of $1.42 billion, a PE ratio of -40.44, a price-to-earnings-growth ratio of 2.85 and a beta of 1.00. The stock has a 50-day moving average of $10.27 and a 200-day moving average of $11.87. 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 earnings results on Wednesday, November 2nd. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $260.35 million for the quarter, compared to the consensus estimate of $252.59 million. As a group, equities research analysts forecast that Hudson Pacific Properties, Inc. will post 2.02 earnings per share for the current fiscal year.

Hudson Pacific Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 29th. Shareholders of record on Monday, December 19th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 9.89%. The ex-dividend date of this dividend was Friday, December 16th. Hudson Pacific Properties’s dividend payout ratio is -400.00%.

Analyst Ratings Changes

A number of research firms have recently issued reports on HPP. Piper Sandler reduced their price target on shares of Hudson Pacific Properties from $17.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, October 7th. Morgan Stanley cut their target price on shares of Hudson Pacific Properties from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 23rd. BTIG Research cut shares of Hudson Pacific Properties from a “buy” rating to a “neutral” rating in a report on Wednesday, October 19th. Mizuho cut their price objective on Hudson Pacific Properties from $12.00 to $10.00 and set an “underperform” rating for the company in a report on Wednesday, January 4th. Finally, Wells Fargo & Company reduced their price objective on Hudson Pacific Properties to $10.00 in a research report on Wednesday, December 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average 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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