Invesco Ltd. Has $15.85 Million Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

Invesco Ltd. reduced its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 23.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 569,540 shares of the real estate investment trust’s stock after selling 171,256 shares during the quarter. Invesco Ltd. owned approximately 0.37% of Hudson Pacific Properties worth $15,846,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Hudson Pacific Properties during the second quarter worth approximately $25,000. Globeflex Capital L P acquired a new stake in shares of Hudson Pacific Properties during the second quarter worth approximately $85,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Hudson Pacific Properties during the second quarter worth approximately $92,000. Parisi Gray Wealth Management acquired a new stake in shares of Hudson Pacific Properties during the second quarter worth approximately $117,000. Finally, Schroder Investment Management Group acquired a new stake in shares of Hudson Pacific Properties during the first quarter worth approximately $163,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

In other news, Director Richard B. Fried sold 11,000 shares of Hudson Pacific Properties stock in a transaction that occurred on Friday, August 27th. The shares were sold at an average price of $26.39, for a total value of $290,290.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.02% of the company’s stock.

Several brokerages recently weighed in on HPP. Morgan Stanley cut their price objective on shares of Hudson Pacific Properties from $26.00 to $24.00 and set an “underweight” rating on the stock in a research report on Thursday, September 30th. KeyCorp cut their price objective on shares of Hudson Pacific Properties from $39.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, October 14th. Finally, Zacks Investment Research lowered shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, November 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Hudson Pacific Properties presently has a consensus rating of “Hold” and a consensus price target of $30.25.

NYSE:HPP opened at $26.88 on Thursday. Hudson Pacific Properties, Inc. has a 12 month low of $22.75 and a 12 month high of $30.35. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of -447.93, a P/E/G ratio of 2.45 and a beta of 0.87. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.07. The company’s 50 day moving average is $26.79 and its 200-day moving average is $27.38.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Tuesday, October 26th. The real estate investment trust reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.53). Hudson Pacific Properties had a negative net margin of 1.25% and a negative return on equity of 0.24%. The firm had revenue of $227.63 million during the quarter, compared to the consensus estimate of $216.55 million. During the same period in the prior year, the business earned $0.43 EPS. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. Research analysts predict that Hudson Pacific Properties, Inc. will post 1.97 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 30th. Stockholders of record on Monday, September 20th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Friday, September 17th. Hudson Pacific Properties’s dividend payout ratio is -1,666.39%.

Hudson Pacific Properties Company Profile

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

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

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