Pathstone Family Office LLC Has $794,000 Holdings in Hudson Pacific Properties, Inc. (NYSE:HPP)

Pathstone Family Office LLC raised its stake in Hudson Pacific Properties, Inc. (NYSE:HPP – Get Rating) by 110.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,475 shares of the real estate investment trust’s stock after acquiring an additional 37,996 shares during the quarter. Pathstone Family Office LLC owned about 0.05% of Hudson Pacific Properties worth $794,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of Hudson Pacific Properties by 31.9% during the 3rd quarter. BlackRock Inc. now owns 22,812,665 shares of the real estate investment trust’s stock worth $249,799,000 after buying an additional 5,516,360 shares during the period. Vanguard Group Inc. grew its position in shares of Hudson Pacific Properties by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 22,183,249 shares of the real estate investment trust’s stock worth $615,584,000 after buying an additional 160,204 shares during the period. State Street Corp grew its position in shares of Hudson Pacific Properties by 12.0% during the 1st quarter. State Street Corp now owns 8,287,870 shares of the real estate investment trust’s stock worth $229,988,000 after buying an additional 885,181 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Hudson Pacific Properties by 12.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 4,298,007 shares of the real estate investment trust’s stock worth $63,782,000 after buying an additional 469,341 shares during the period. Finally, PGGM Investments acquired a new stake in shares of Hudson Pacific Properties during the 3rd quarter worth approximately $40,154,000. Institutional investors and hedge funds own 95.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Mizuho reduced their price objective 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. StockNews.com raised shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research note on Friday, February 10th. Wells Fargo & Company reduced their price objective on shares of Hudson Pacific Properties to $10.00 in a research note on Wednesday, December 14th. Morgan Stanley reduced their price objective on shares of Hudson Pacific Properties from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 23rd. Finally, Robert W. Baird raised shares of Hudson Pacific Properties from a “neutral” rating to an “outperform” rating and reduced their price objective for the stock from $13.00 to $12.00 in a research note on Thursday, January 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $14.64.

Hudson Pacific Properties Price Performance

NYSE HPP opened at $7.75 on Tuesday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 1.40. Hudson Pacific Properties, Inc. has a 12-month low of $7.59 and a 12-month high of $28.66. The company has a market capitalization of $1.09 billion, a PE ratio of -19.87 and a beta of 1.11. The firm’s 50 day moving average is $10.01 and its 200-day moving average is $10.78.

Hudson Pacific Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Investors of record on Monday, March 20th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 12.90%. Hudson Pacific Properties’s payout ratio is -256.40%.

Hudson Pacific Properties Company Profile

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Hudson Pacific Properties, Inc is a real estate company, which acquires, repositions, develops, and operates sustainable office and state of-the-art studio properties in high-barrier-to-entry submarkets in California, the Pacific Northwest, Western Canada, and Greater London, United Kingdom. It operates through the Office Properties and Studio Properties segments.