Hudson Pacific Properties, Inc. (NYSE:HPP) insider Alex Vouvalides sold 6,500 shares of the firm’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $35.16, for a total transaction of $228,540.00. Following the completion of the transaction, the insider now directly owns 177,170 shares of the company’s stock, valued at $6,229,297.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Hudson Pacific Properties, Inc. (NYSE:HPP) traded down 0.06% during mid-day trading on Wednesday, reaching $35.77. 1,324,533 shares of the company’s stock traded hands. The stock has a market capitalization of $5.29 billion, a PE ratio of 98.27 and a beta of 0.80. The stock has a 50-day moving average price of $33.79 and a 200-day moving average price of $34.66. Hudson Pacific Properties, Inc. has a 12-month low of $26.99 and a 12-month high of $36.75.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. The company had revenue of $168.30 million during 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 revenue was up 9.6% on a year-over-year basis. Equities research analysts expect that Hudson Pacific Properties, Inc. will post $0.33 EPS for the current year.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Tuesday, June 20th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Friday, June 16th. Hudson Pacific Properties’s payout ratio is presently 285.72%.

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A number of large investors have recently modified their holdings of the company. Employees Retirement System of Texas bought a new stake in shares of Hudson Pacific Properties during the fourth quarter valued at approximately $4,452,000. 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 worth $678,000 after buying an additional 4,560 shares during the last quarter. Credit Agricole S A raised its stake in 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 worth $2,670,000 after buying an additional 20,019 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its stake in 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 worth $463,000 after buying an additional 4,065 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Hudson Pacific Properties during the fourth quarter worth about $146,000.

HPP has been the subject of a number of research analyst reports. 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 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 report on Tuesday, February 28th. Barclays PLC lifted their price objective on shares of Hudson Pacific Properties from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, April 19th. Morgan Stanley lifted their price objective on shares of Hudson Pacific Properties from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, March 1st. Finally, BidaskClub raised shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a report on Saturday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price 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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