Hudson Pacific Properties, Inc. (NYSE:HPP) CFO Mark T. Lammas sold 65,963 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $35.51, for a total transaction of $2,342,346.13. Following the sale, the chief financial officer now directly owns 321,780 shares of the company’s stock, valued at approximately $11,426,407.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.48 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The company had revenue of $168.30 million for the quarter, compared to analyst estimates of $173.93 million. Hudson Pacific Properties had a net margin of 8.20% and a return on equity of 1.40%. The company’s quarterly revenue was up 9.6% on a year-over-year basis.

Insider Buying and Selling by Quarter for Hudson Pacific Properties (NYSE:HPP)

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Tuesday, June 20th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 16th. This represents a $1.00 annualized dividend and a yield of 2.79%. Hudson Pacific Properties’s dividend payout ratio is presently 285.72%.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Allianz Asset Management AG raised its stake in Hudson Pacific Properties by 30.5% in the fourth quarter. Allianz Asset Management AG now owns 19,490 shares of the real estate investment trust’s stock valued at $678,000 after buying an additional 4,560 shares in the last quarter. Credit Agricole S A raised its stake in shares of Hudson Pacific Properties by 35.3% in the fourth quarter. Credit Agricole S A now owns 76,763 shares of the real estate investment trust’s stock valued at $2,670,000 after buying an additional 20,019 shares during the period. Dynamic Technology Lab Private Ltd raised its stake in shares of Hudson Pacific Properties by 44.0% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 13,295 shares of the real estate investment trust’s stock valued at $463,000 after buying an additional 4,065 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Hudson Pacific Properties during the fourth quarter valued at about $146,000. Finally, Asset Management One Co. Ltd. raised its stake in shares of Hudson Pacific Properties by 29.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 288,960 shares of the real estate investment trust’s stock valued at $9,946,000 after buying an additional 66,490 shares during the period.

A number of brokerages have recently issued reports on HPP. Barclays PLC boosted their price objective on shares of Hudson Pacific Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, April 19th. BidaskClub raised shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Saturday. Mizuho downgraded shares of Hudson Pacific Properties from a “buy” rating to a “neutral” rating and set a $35.00 price objective for the company. in a research report on Monday, March 20th. Zacks Investment Research raised shares of Hudson Pacific Properties from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Tuesday, February 28th. Finally, Morgan Stanley boosted their price objective on shares of Hudson Pacific Properties from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, March 1st. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $38.44.

About Hudson Pacific Properties

Hudson Pacific Properties, Inc is a real estate investment trust (REIT). The Company operates in two segments: office properties, and media and entertainment properties. The Company is focused on acquiring, repositioning, developing and operating office and media and entertainment properties in submarkets throughout Northern and Southern California and the Pacific Northwest.

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