Hudson Pacific Properties Inc (HPP) Position Increased by Crestline Management LP

Crestline Management LP raised its position in Hudson Pacific Properties Inc (NYSE:HPP) by 27.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 237,297 shares of the real estate investment trust’s stock after acquiring an additional 50,679 shares during the period. Hudson Pacific Properties comprises approximately 1.0% of Crestline Management LP’s holdings, making the stock its 7th largest holding. Crestline Management LP owned 0.15% of Hudson Pacific Properties worth $6,896,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HPP. State of Alaska Department of Revenue raised its holdings in shares of Hudson Pacific Properties by 1.9% in the 4th quarter. State of Alaska Department of Revenue now owns 67,280 shares of the real estate investment trust’s stock worth $1,954,000 after buying an additional 1,227 shares in the last quarter. Strs Ohio raised its holdings in shares of Hudson Pacific Properties by 9.8% in the 4th quarter. Strs Ohio now owns 382,931 shares of the real estate investment trust’s stock worth $11,127,000 after buying an additional 34,291 shares in the last quarter. GSA Capital Partners LLP raised its holdings in shares of Hudson Pacific Properties by 30.0% in the 3rd quarter. GSA Capital Partners LLP now owns 19,402 shares of the real estate investment trust’s stock worth $635,000 after buying an additional 4,473 shares in the last quarter. Westpac Banking Corp raised its holdings in shares of Hudson Pacific Properties by 41.3% in the 4th quarter. Westpac Banking Corp now owns 493,263 shares of the real estate investment trust’s stock worth $14,334,000 after buying an additional 144,192 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Hudson Pacific Properties by 36.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 393,743 shares of the real estate investment trust’s stock worth $12,883,000 after buying an additional 104,840 shares in the last quarter.

HPP has been the subject of a number of recent research reports. Zacks Investment Research raised Hudson Pacific Properties from a “sell” rating to a “hold” rating in a report on Thursday, November 22nd. Bank of America reissued a “buy” rating and issued a $37.00 target price (down from $41.00) on shares of Hudson Pacific Properties in a report on Friday, November 30th. Robert W. Baird raised Hudson Pacific Properties from a “neutral” rating to an “outperform” rating in a report on Tuesday, January 8th. Sandler O’Neill raised Hudson Pacific Properties from a “hold” rating to a “buy” rating in a report on Friday, February 15th. Finally, TheStreet raised Hudson Pacific Properties from a “c+” rating to a “b” rating in a report on Thursday, February 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. Hudson Pacific Properties currently has a consensus rating of “Buy” and an average price target of $38.29.

HPP stock opened at $34.09 on Friday. The firm has a market cap of $5.26 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 2.86 and a beta of 0.72. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.74. Hudson Pacific Properties Inc has a fifty-two week low of $27.12 and a fifty-two week high of $36.06.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Thursday, February 14th. The real estate investment trust reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.39). The firm had revenue of $198.43 million during the quarter, compared to the consensus estimate of $183.38 million. Hudson Pacific Properties had a net margin of 13.47% and a return on equity of 2.51%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 earnings per share. As a group, equities research analysts expect that Hudson Pacific Properties Inc will post 2 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Monday, March 18th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 15th. This represents a $1.00 dividend on an annualized basis and a yield of 2.93%. Hudson Pacific Properties’s payout ratio is 53.76%.

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Hudson Pacific Properties Profile

Hudson Pacific Properties is a visionary real estate investment trust that owns and operates more than 17 million square feet of marquee office and studio properties. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more.

See Also: Dividend Aristocrat Index

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Institutional Ownership by Quarter for Hudson Pacific Properties (NYSE:HPP)

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