Economy

Hudson Pacific Properties Inc (HPP) Stake Boosted by Envestnet Asset Management Inc

Envestnet Asset Management Inc. raised its stake in shares of Hudson Pacific Properties Inc (NYSE:HPP) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission.

Several other research firms also recently weighed in on HPP. Short shares fell 343,377 over that period. Finally, Comerica Bank purchased a new position in Hudson Pacific Properties during the first quarter worth approximately $291,000. KeyCorp reiterated a buy rating and issued a $39.00 target price on shares of Hudson Pacific Properties in a report on Friday, August 25th. The firm set a "buy" rating and a $39.00 price target on the real estate investment trust's stock.

Hudson Pacific Properties, Inc. shares had a trading volume of 12K by the end of trading on Thursday. FMR LLC now owns 12,413,747 shares of the real estate investment trust's stock worth $430,013,000 after purchasing an additional 1,931,747 shares during the last quarter. The stock of Hudson Pacific Properties Inc (NYSE:HPP) earned "Overweight" rating by Morgan Stanley on Friday, December 4. Exane Derivatives now controls 27 shares worth $923,000. The Eii Capital Management Inc holds 17,300 shares with $2.85M value, up from 15,400 last quarter. Cbre Clarion Securities LLC lifted its holdings in shares of Hudson Pacific Properties by 14.1% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 219,300 shares of the real estate investment trust's stock valued at $7,208,000 after buying an additional 75,100 shares during the period.

ILLEGAL ACTIVITY WARNING: "Goldman Sachs Group, Inc". News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson Pacific Properties, Inc. with MarketBeat.com's FREE daily email newsletter. Connecticut-based Paloma Mgmt has invested 0.07% in Hudson Pacific Properties Inc (NYSE:HPP). Barclays boosted their price objective on Hudson Pacific Properties from $40.00 to $41.00 and issued the shares an "overweight" recommendation in a study on Tue, Aug 15th. BidaskClub raised shares of Hudson Pacific Properties from a sell rating to a hold rating in a research note on Saturday, June 10th. The stock has an average rating of Buy and an average target price of $38.39. BTIG Research initiated Hudson Pacific Properties Inc (NYSE:HPP) rating on Thursday, August 25. First Trust Advisors LP now owns 103,729 shares of the real estate investment trust's stock valued at $3,410,000 after buying an additional 38,069 shares during the period. Also, Director Jonathan M. Glaser purchased 15,000 shares of Hudson Pacific Properties stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $31.98 per share, with a total value of $159,900.00. Following the completion of the acquisition, the director now owns 132,405 shares in the company, valued at approximately $4,207,830.90.

ILLEGAL ACTIVITY WARNING: This piece of content was published by Week Herald and is the sole property of of Week Herald. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of global copyright law. Goldman Sachs Group, (The) assumed coverage on Hudson Pacific Properties in a note on Tue. The company rocked its 52-Week High of $36.75 and touched its 52-Week Low of $31.53. (NYSE:HPP) in a report released on Tuesday. The corporation has a valuation of $5.03 B, a price to earnings ratio of 92.1020 along with a stock beta of 0.76.

03/03/2014 - Hudson Pacific Properties, Inc. was upgraded to "market perform" by analysts at BMO Capital Markets.

Shares last traded at $32.53 which is marginally over the 50 day moving average which is $32.49 and barely below the 200 day moving average of $33.59.

Investors wait Hudson Pacific Properties Inc (NYSE:HPP) to report on November, 2. its quarterly earnings Wall Street analysts expect $0.49 EPS, up $0.03 or 6.52 % from last year's $0.46 same quarter earnings. The real estate investment trust reported $0.48 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.47 by $0.01. The firm had revenue of $166.85 million during the quarter, compared to analyst estimates of $175.79 million. The return on equity ratio or ROE stands at 9.9 percent while most common profitability ratio return on investment (ROI) was 7.7 percent. During the same quarter in the previous year, the company posted $0.43 EPS. Equities research analysts predict that Hudson Pacific Properties will post $0.29 EPS for the current fiscal year. Investors of record on Tuesday, September 19th will be given a $0.25 dividend. The ex-dividend date is Mon, Sep 18th. This represents a $1.00 annualized dividend and a yield of 3.07%. Hudson Pacific Properties's payout ratio is now 277.78%.

Hudson Pacific Properties, Inc is a real estate investment trust (REIT). The Firm operates in two divisions: office properties, and media and entertainment properties.



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