Hudson Pacific Properties Inc (NYSE:HPP) Director Bought 1,957 Shares

Hudson Pacific Properties Inc (NYSE:HPP) Director Bought 1,957 Shares

Hudson Pacific Properties Inc (NYSE:HPP) Director Jonathan M. Glaser acquired 1,957 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were bought at an average cost of $30.11 per share, for a total transaction of $58,925.27. Following the completion of the acquisition, the director now directly owns 129,468 shares of the company’s stock, valued at $3,898,281.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of HPP traded down $0.10 during mid-day trading on Friday, hitting $30.86. 1,511,095 shares of the company were exchanged, compared to its average volume of 963,345. Hudson Pacific Properties Inc has a 1-year low of $28.25 and a 1-year high of $36.06. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.63. The company has a market cap of $4.84 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 2.91 and a beta of 0.67.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.36). Hudson Pacific Properties had a net margin of 15.99% and a return on equity of 2.93%. The business had revenue of $180.70 million for the quarter, compared to analysts’ expectations of $175.92 million. During the same period in the prior year, the company posted $0.50 EPS. The firm’s revenue was down 4.9% on a year-over-year basis. As a group, sell-side analysts expect that Hudson Pacific Properties Inc will post 1.85 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Strs Ohio grew its stake in Hudson Pacific Properties by 0.5% during the 2nd quarter. Strs Ohio now owns 354,208 shares of the real estate investment trust’s stock valued at $12,549,000 after acquiring an additional 1,598 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Hudson Pacific Properties by 17.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 19,628 shares of the real estate investment trust’s stock valued at $695,000 after acquiring an additional 2,853 shares in the last quarter. Securian Asset Management Inc grew its stake in Hudson Pacific Properties by 24.4% during the 3rd quarter. Securian Asset Management Inc now owns 15,800 shares of the real estate investment trust’s stock valued at $517,000 after acquiring an additional 3,100 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in Hudson Pacific Properties during the 2nd quarter valued at about $113,000. Finally, Nomura Asset Management Co. Ltd. grew its stake in Hudson Pacific Properties by 3.4% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 101,133 shares of the real estate investment trust’s stock valued at $3,584,000 after acquiring an additional 3,362 shares in the last quarter.

A number of research firms recently issued reports on HPP. Mizuho restated a “hold” rating and set a $34.00 target price on shares of Hudson Pacific Properties in a research report on Monday, August 6th. Zacks Investment Research upgraded shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Wednesday. Robert W. Baird downgraded shares of Hudson Pacific Properties from an “outperform” rating to a “neutral” rating and set a $37.00 price objective for the company. in a research report on Tuesday, August 21st. Scotiabank assumed coverage on shares of Hudson Pacific Properties in a research report on Tuesday, October 16th. They issued an “outperform” rating for the company. Finally, Bank of America reiterated a “buy” rating and issued a $37.00 price objective (down previously from $41.00) on shares of Hudson Pacific Properties in a research report on Friday. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Hudson Pacific Properties currently has an average rating of “Buy” and an average price target of $37.67.

About Hudson Pacific Properties

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

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