DekaBank Deutsche Girozentrale Has $495,000 Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

DekaBank Deutsche Girozentrale lowered its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 60.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 52,315 shares of the real estate investment trust’s stock after selling 78,627 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Hudson Pacific Properties were worth $495,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. HighTower Advisors LLC grew its position in Hudson Pacific Properties by 3.4% during the first quarter. HighTower Advisors LLC now owns 18,542 shares of the real estate investment trust’s stock worth $514,000 after buying an additional 612 shares in the last quarter. Cibc World Markets Corp grew its position in Hudson Pacific Properties by 0.9% during the first quarter. Cibc World Markets Corp now owns 76,876 shares of the real estate investment trust’s stock worth $2,133,000 after buying an additional 651 shares in the last quarter. Captrust Financial Advisors grew its position in Hudson Pacific Properties by 10.9% during the fourth quarter. Captrust Financial Advisors now owns 12,625 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 1,246 shares in the last quarter. Yousif Capital Management LLC grew its position in Hudson Pacific Properties by 2.0% during the first quarter. Yousif Capital Management LLC now owns 81,235 shares of the real estate investment trust’s stock worth $2,254,000 after buying an additional 1,611 shares in the last quarter. Finally, Mariner LLC lifted its stake in Hudson Pacific Properties by 13.6% during the first quarter. Mariner LLC now owns 14,901 shares of the real estate investment trust’s stock worth $414,000 after purchasing an additional 1,782 shares during the last quarter. Institutional investors and hedge funds own 97.58% of the company’s stock.

Insiders Place Their Bets

In related news, Director Barry A. Sholem bought 40,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were purchased at an average cost of $6.69 per share, with a total value of $267,600.00. Following the acquisition, the director now owns 70,176 shares of the company’s stock, valued at $469,477.44. The purchase was disclosed in a filing with the SEC, which is available through this link. In other Hudson Pacific Properties news, Director Barry A. Sholem acquired 40,000 shares of the stock in a transaction dated Wednesday, February 21st. The stock was purchased at an average cost of $6.69 per share, with a total value of $267,600.00. Following the transaction, the director now owns 70,176 shares in the company, valued at approximately $469,477.44. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CIO Drew Gordon sold 10,000 shares of Hudson Pacific Properties stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $7.11, for a total value of $71,100.00. Following the completion of the transaction, the executive now directly owns 116,694 shares of the company’s stock, valued at $829,694.34. The disclosure for this sale can be found here. Company insiders own 3.92% of the company’s stock.

Hudson Pacific Properties Trading Down 5.6 %

NYSE HPP opened at $5.78 on Tuesday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.31. Hudson Pacific Properties, Inc. has a twelve month low of $4.05 and a twelve month high of $9.85. The company has a market cap of $815.85 million, a price-to-earnings ratio of -4.22, a price-to-earnings-growth ratio of 0.52 and a beta of 1.31. The business’s fifty day moving average is $6.62 and its 200 day moving average is $6.89.

Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Monday, February 12th. The real estate investment trust reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The firm had revenue of $223.42 million for the quarter, compared to the consensus estimate of $223.93 million. Hudson Pacific Properties had a negative return on equity of 5.74% and a negative net margin of 19.20%. The business’s quarterly revenue was down 17.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 EPS. As a group, sell-side analysts expect that Hudson Pacific Properties, Inc. will post 1.05 EPS for the current fiscal year.

Hudson Pacific Properties Dividend Announcement

The business also recently announced a — dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 18th were issued a dividend of $0.05 per share. The ex-dividend date was Friday, March 15th. Hudson Pacific Properties’s payout ratio is presently -14.60%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HPP shares. BMO Capital Markets raised their target price on Hudson Pacific Properties from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Thursday, January 4th. Jefferies Financial Group raised Hudson Pacific Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $6.00 to $12.00 in a report on Tuesday, January 2nd. Morgan Stanley reduced their target price on Hudson Pacific Properties from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Thursday, March 28th. Wedbush downgraded Hudson Pacific Properties from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $11.00 to $7.50 in a report on Tuesday, February 20th. Finally, Wolfe Research raised Hudson Pacific Properties from a “peer perform” rating to an “outperform” rating and set a $8.40 target price on the stock in a report on Monday, March 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Hudson Pacific Properties has an average rating of “Hold” and an average target price of $9.05.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.