Cbre Clarion Securities LLC Raises Stake in Hudson Pacific Properties, Inc. (NYSE:HPP)

Cbre Clarion Securities LLC grew its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP) by 24.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,791,864 shares of the real estate investment trust’s stock after purchasing an additional 547,724 shares during the period. Hudson Pacific Properties makes up about 1.5% of Cbre Clarion Securities LLC’s holdings, making the stock its 18th largest position. Cbre Clarion Securities LLC owned about 1.85% of Hudson Pacific Properties worth $75,743,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in shares of Hudson Pacific Properties by 0.9% during the 1st quarter. JPMorgan Chase & Co. now owns 1,782,548 shares of the real estate investment trust’s stock worth $48,359,000 after purchasing an additional 16,748 shares in the last quarter. Panagora Asset Management Inc. raised its stake in shares of Hudson Pacific Properties by 3,676.8% during the 1st quarter. Panagora Asset Management Inc. now owns 146,010 shares of the real estate investment trust’s stock worth $3,961,000 after buying an additional 142,144 shares during the last quarter. UBS Group AG raised its stake in shares of Hudson Pacific Properties by 22.0% during the 1st quarter. UBS Group AG now owns 220,690 shares of the real estate investment trust’s stock worth $5,987,000 after buying an additional 39,829 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Hudson Pacific Properties during the 1st quarter worth $408,000. Finally, Teacher Retirement System of Texas raised its stake in shares of Hudson Pacific Properties by 22.1% during the 1st quarter. Teacher Retirement System of Texas now owns 17,268 shares of the real estate investment trust’s stock worth $468,000 after buying an additional 3,126 shares during the last quarter. Institutional investors own 90.38% of the company’s stock.

HPP stock traded down $0.17 during trading on Friday, hitting $29.76. The stock had a trading volume of 8,539 shares, compared to its average volume of 1,410,925. The company has a 50 day moving average price of $28.15. Hudson Pacific Properties, Inc. has a 1-year low of $18.62 and a 1-year high of $30.14. The company has a market capitalization of $4.49 billion, a PE ratio of -748.06, a price-to-earnings-growth ratio of 3.29 and a beta of 0.95. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.55 and a current ratio of 1.55.

Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Wednesday, May 5th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.42). Hudson Pacific Properties had a negative net margin of 0.66% and a negative return on equity of 0.11%. The firm had revenue of $192.14 million during the quarter, compared to analyst estimates of $196.20 million. As a group, analysts predict that Hudson Pacific Properties, Inc. will post 1.89 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 28th. Stockholders of record on Friday, June 18th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, June 17th. Hudson Pacific Properties’s dividend payout ratio is currently 52.36%.

In other news, Director Jonathan M. Glaser sold 2,000 shares of the company’s stock in a transaction dated Monday, March 29th. The shares were sold at an average price of $28.05, for a total transaction of $56,100.00. Following the completion of the transaction, the director now owns 105,612 shares of the company’s stock, valued at approximately $2,962,416.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.02% of the company’s stock.

Several research analysts have recently issued reports on the company. Zacks Investment Research downgraded Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, May 18th. Mizuho lifted their price target on Hudson Pacific Properties from $23.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 14th. BMO Capital Markets lifted their price target on Hudson Pacific Properties from $27.00 to $30.00 and gave the stock a “market perform” rating in a research note on Monday, April 5th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Hudson Pacific Properties in a research note on Thursday, April 22nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $27.31.

About Hudson Pacific Properties

Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling nearly 19 million square feet, including land for development. 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.

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

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