Vanguard Group Inc. Has $143.39 Million Stock Position in Hudson Pacific Properties, Inc. (NYSE:HPP)

Vanguard Group Inc. lowered its stake in shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 0.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,562,611 shares of the real estate investment trust's stock after selling 185,102 shares during the quarter. Vanguard Group Inc. owned about 15.30% of Hudson Pacific Properties worth $143,391,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in HPP. BlackRock Inc. boosted its position in shares of Hudson Pacific Properties by 0.6% in the second quarter. BlackRock Inc. now owns 24,343,532 shares of the real estate investment trust's stock valued at $102,730,000 after acquiring an additional 148,537 shares during the period. Norges Bank bought a new stake in shares of Hudson Pacific Properties in the fourth quarter valued at approximately $101,242,000. State Street Corp boosted its position in shares of Hudson Pacific Properties by 10.6% in the second quarter. State Street Corp now owns 9,164,405 shares of the real estate investment trust's stock valued at $38,674,000 after acquiring an additional 875,483 shares during the period. FMR LLC boosted its position in shares of Hudson Pacific Properties by 6,191.3% in the third quarter. FMR LLC now owns 5,393,766 shares of the real estate investment trust's stock valued at $35,869,000 after acquiring an additional 5,308,032 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Hudson Pacific Properties by 37.6% in the first quarter. Bank of America Corp DE now owns 4,503,855 shares of the real estate investment trust's stock valued at $29,951,000 after acquiring an additional 1,230,501 shares during the period. Institutional investors own 97.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Piper Sandler reduced their price objective on Hudson Pacific Properties from $11.00 to $9.00 and set an "overweight" rating for the company in a research report on Friday, March 22nd. BMO Capital Markets upped their target price on Hudson Pacific Properties from $12.00 to $13.00 and gave the company an "outperform" rating in a research note on Thursday, January 4th. Morgan Stanley cut their target price on Hudson Pacific Properties from $7.00 to $6.00 and set an "equal weight" rating for the company in a research note on Thursday, March 28th. Jefferies Financial Group upgraded Hudson Pacific Properties from a "hold" rating to a "buy" rating and upped their target price for the company from $6.00 to $12.00 in a research note on Tuesday, January 2nd. Finally, Wolfe Research upgraded Hudson Pacific Properties from a "peer perform" rating to an "outperform" rating and set a $8.40 target price for the company in a research note on Monday, March 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, Hudson Pacific Properties has a consensus rating of "Hold" and an average target price of $9.05.

Insider Activity

In other news, CIO Drew Gordon sold 10,000 shares of the firm's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $7.11, for a total value of $71,100.00. Following the completion of the sale, the executive now directly owns 116,694 shares in the company, valued at $829,694.34. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Barry A. Sholem purchased 40,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired at an average price of $6.69 per share, for a total transaction of $267,600.00. Following the completion of the acquisition, the director now directly owns 70,176 shares in the company, valued at $469,477.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CIO Drew Gordon sold 10,000 shares of the firm's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $7.11, for a total value of $71,100.00. Following the completion of the transaction, the executive now owns 116,694 shares in the company, valued at approximately $829,694.34. The disclosure for this sale can be found here. 2.95% of the stock is currently owned by corporate insiders.

Hudson Pacific Properties Price Performance

Hudson Pacific Properties stock traded down $0.17 during mid-day trading on Tuesday, hitting $6.18. 1,779,950 shares of the company were exchanged, compared to its average volume of 2,726,236. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.31. The business has a fifty day moving average of $7.01 and a 200 day moving average of $6.91. Hudson Pacific Properties, Inc. has a 1-year low of $4.05 and a 1-year high of $9.85. The company has a market capitalization of $872.06 million, a PE ratio of -4.51, a price-to-earnings-growth ratio of 0.54 and a beta of 1.31.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last released its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. Hudson Pacific Properties had a negative return on equity of 5.74% and a negative net margin of 19.20%. The firm had revenue of $223.42 million during the quarter, compared to analyst estimates of $223.93 million. During the same period in the prior year, the company posted $0.49 earnings per share. The business's revenue for the quarter was down 17.2% compared to the same quarter last year. As a group, sell-side analysts expect that Hudson Pacific Properties, Inc. will post 1.05 earnings per share for the current year.

Hudson Pacific Properties Dividend Announcement

The firm also recently announced a -- dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 18th were paid a $0.05 dividend. The ex-dividend date was Friday, March 15th. Hudson Pacific Properties's dividend payout ratio (DPR) is presently -14.60%.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties NYSE: HPP is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.